On Tue, 22 Jul 2008 12:36:40 +1000, "ZB0N0" <ZB0N0 at (no spam) w00w00.com> wrote:
July 22 2008
Local fright merchants recently became all panty-bunchy over plans for
just ONE new coal-fired power station in Victoria. Meanwhile:
Abu Dhabi (largest of the seven UAE emirates) has announced that it
will
switch to coal-fired power plants.
Dubai (the second largest) is already building four of them - with a
combined output of 4,000 megawatts - as a first-phase investment in
coal.
Apart from the United Arab Emirates, Oman (widely regarded as "the
next
Dubai") has signed a contract with South Korea for the construction of
several coal-fired plants.
Beyond the Gulf, Egypt proposes to build its first coal-fired plant on
the shores of the Red Sea.
Russia has announced plans to build more than 30 coal-fired plants by
2011.
As almost everyone now knows, China connects a new coal-fired plant to
its electrical grid every 10 days - and intends to keep doing so for
several years.
Less known is China's decision to construct a massive coal-fired plant
in Inner Mongolia that will convert the region's vast coal reserves
into
oil.
Why go for coal? To further quote Neil Reynolds:
They have opted for coal for a single compelling reason: cost. They
can
produce a megawatt-hour of electricity using Australian coal, Der
Spiegel calculates, for $17.49 (U.S.).
Natural gas costs more than twice as much as our Gulf-illuminating
Australian coal.
Local warmenists-including our science-denying Prime Minister-may
think
we can save Australia by slicing our own share of global carbon output
from barely anything to slightly less than barely anything, but all
the
while China is coaling up to such an extent that our puny (yet costly,
to us) response is rendered beyond futile:
China added more coal-burning power plants in 2007 than Britain has
built in its history, said Gerard McCloskey, a coal market specialist
with Cambridge Energy Research Associates in London.
http://blogs.news.com.au/dailytelegraph/timblair/
--
Warmest Regards
Bonzo
"IPCC staff is working feverishly on a theory that supports global
cooling as proof of global warming. Stay tuned." Addison Gardner
This is hardly surprising.
Emissions trading schemes, Carbon Taxes , or stealth taxation by any
other name only works in Countries where the people have high levels
of income and can afford to pay the taxes ,and are sufficiently
gullible to allow their Govts to get away with it.
Its a complete flop in developing countries.
Trying to levy a $20 a tonne carbon tax in a country where wages are
$2 a hour or less is simply not viable.
Why do you think that countries like China, India, Pakistan, Russia,
Indonesia wont embrace emissions trading.
