China Seizing The Moment?
China's promises to clean up its act on a clean climate could well go up in smoke and add to the sooty blanket of smog that lines most cities. The country churns out 3 new coal-fired generating plants every week.
China's promises to clean up its act on a clean climate could well go up in smoke and add to the sooty blanket of smog that lines most cities. The country churns out 3 new coal-fired generating plants every week.
Along with most in the commodity sector, the coal industry will likely take a hit in 2009, but many analysts are confident that coal demand along with prices will rebound in 2010. As energy demand from developing countries like China and India recovers, we’ll once again see upward movement in the coal price.
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