All this Asian talk over the last few months has done nothing for the shareprice however the potential and need for coal is just mind boggling
The facts on China are simple and irrefutable. It has a coal-fired system equal to more than 13 times our entire electricity generation. Between now and 2020, it is going to add between 400GW and 500GW to its existing 670GW of coal-fired power generation.
That's its projections. And that's net. So if they close, say, 200GW of really dirty old stations, they will be building 600GW to 700GW of new ones, all pumping out carbon dioxide, if hopefully not also grit.
Total power generation in Australia is about 50GW.
Yes, China might be aiming for 150GW of wind and 20GW of solar by 2020. But that's installed capacity. When the wind don't . . . and the sun don't . . . Real capacity of the two combined will be closer to 50GW by 2020, as against an extra 400GW at least of additional coal-fired generation.
http://www.theaustralian.com.au/business/opinion/why-we-should-be-afraid-very-afraid-of-julia-gillards-fantasies/story-e6frg9if-1226024297693
500 years of brown coal... Enough for many new techs
http://www.adelaidenow.com.au/business/australia-full-of-energy-reserves/story-e6frede3-1226024245542
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