Chinese president Hu Jintao has told the Communist Party National Congress that he wants to double per capita income by 2020, and he’ll burn as much as coal as necessary to make that happen. Bye-bye, Kyoto.
The president needs more copper, iron ore, zinc and natural gas. Above all, he needs more coal to keep the power stations humming nicely and more oil for Chinese cars and lorries. China accounts for more than a third of world demand for coal and the price in Australia soared this year as the People’s Republic switched from being an exporter to being an importer. If Mr Hu had a message for the world in his address to the Communist Party National Congress, it was this: we will burn our coal and, if we have to, we will burn yours, too.What does this mean? Put bluntly, it means that the Kyoto treaty on greenhouse gas emissions is dead and so is any prospect of persuading Beijing to bind itself to other curbs on carbon emissions. We can stop kidding ourselves that China will sign up to any green thingy that hinders his party’s ten-year plan to get rich quick.
Economic growth in China is already putting upward pressure on resource prices. Coal has doubled to $100 per tonne in Europe. To ensure continued supplies of energy, Western countries need to step up investments in oil and gas extraction and expand nuclear power production. "Alternative" energy technologies will not do the job.
h/t: Global Warming Politics: A Hot Topic Blog
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