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Asia Global Energy Solutions - Why Coal Industry is Still Growing in Asia

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Page 1: Asia Global Energy Solutions - Why Coal Industry is Still Growing in Asia
Page 2: Asia Global Energy Solutions - Why Coal Industry is Still Growing in Asia

5432 Any Street West Townsville, State 54321555-543-5432 PH 555-543-5433 FAXwww.GREENFORTHEFUTURE.ORG

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Page 3: Asia Global Energy Solutions - Why Coal Industry is Still Growing in Asia

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This means that the main cause of greenhouse gas emissions is still growing despite what seems to be a growing public clamor for environmental protection. With the recent milestone of the 400ppm CO2 level in the atmosphere announced by the U.S. NOAA, we need to reexamine if what we are doing is working.The reason for the unchecked growth of coal is simple cost. People are willing to shutoff a light for an hour because that is not much of an inconvenience, but ask them to pay a slightly higher electric bill and a significant portion of the populace will balk.

Page 4: Asia Global Energy Solutions - Why Coal Industry is Still Growing in Asia

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This is especially true in underdeveloped economies, and those struggling to catch up.While the Kyoto Protocol Carbon Development Mechanism helped make many renewable energy installations like wind and solar viable around the world, coupled with some sort of feed in tariff, this has still not dampened demand for coal plants percentage wise, the amount of renewable energy vis a vis fossil fuel based power is miniscule. The CDM credits only pay for a small percentage of the cost of a new solar or wind farm and the feed in tariff remains high relative to the cost of coal.

Page 5: Asia Global Energy Solutions - Why Coal Industry is Still Growing in Asia

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This situation will remain in effect until economies of scale and R&D for renewables force a significant drop in price like it did for personal computers and semiconductors. Although manufacturing in China has contributed to a large price decline, for example in solar photovoltaics, the recent bankruptcy of Wuxi, China based solar manufacturer Suntech has shown that much work remains to be done.

Page 6: Asia Global Energy Solutions - Why Coal Industry is Still Growing in Asia

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See more at: http://www.coalguru.com/other_asia/why_coal_industry_is_still_growing_in_asia/10144

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