Asia: the coal reality

- "When in June this year President Obama used the Gulf of Mexico oil spill to champion a “national mission” to wean the US off fossil fuels, taking it into a new era of clean, secure energy supplies, he acknowledged that the task was Herculean, but claimed that, if a country like China could commit itself to changing its energy habits, then so could his own. Citing the world’s fastestgrowing economy as a model for the global energy revolution may not, however, have been his smartest move. Set aside China’s pledges to curb its fossil fuel consumption and create a powerful economy based on renewable energy, and the reality remains that it will continue for many years to devour ‘dirty’ energy at a startling rate."
ABNAmro Energy Monthly July2010

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