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Peabody Energy Corp. Message Board

  • dexter.alcapone dexter.alcapone Sep 12, 2013 1:27 PM Flag

    THE ARTICLE SAYS BEIJIING ONLY NO THE WHOLE REPUBLICAN OF CHINA.

    that article says beijing as in the municipality, not beijing as in the representative of the republic of china

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    • From The Economic Times:

      "New projects set to be constructed in the Beijing-Tianjin -Hebei region and both the Yangtze Delta and the Pearl River Delta regions will be banned from setting up their own coal-fired power plants, it said."

      The ban covers three urban areas. So, where is the new energy going to come from?

      "China will boost supply of natural gas, coal-based substitute natural gas (SNG) and coal-bed methane, according to the plan."

      Hmmmm. I keep seeing the word "coal".

      "China aims to cut its total coal consumption to below 65 per cent of its total primary energy use by 2017, part of the country's efforts to accelerate adjusting its energy structure."

      That comes out to about 1% per year reduction. Not necessarily the end of the world for coal miners and this is just a prediction and a target. So many things can go wrong, or change.

 
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