“At the level of individual power plants, the continued investment in new coal generators is difficult to understand, given profitability across the sector is declining and analysis suggests that new investments are likely to become “stranded assets” unable to recoup their investments.
But from the perspective of the Chinese government, the short-term and localized economic benefits of new plants can make sense, given the industry is dominated by state-owned enterprises.
The nature of China’s political economy — where the government often owns not just the power plant but the construction company that builds it, the mining company that supplies the coal and the purchaser of the power — helps explain the decision to keep building, said Philippe Benoit from Columbia University’s Center on Global Energy Policy.”
And
“Part of what makes the decision to leave coal behind so difficult is the legacy of the Chinese coal industry, which has powered the country’s meteoric economic rise.
The fundamental issue determining the speed of China’s coal phase down is the government’s approach to spurring growth and its ability to move away from smokestack industries, said Jorrit Gosens, a scholar at Australian National University, lead author of the paper.
As long as China relies on stimulating its economy through construction and other carbon-intensive energy, renewable energy will never be enough, even if its use surpasses stated targets. “That very big expansion of wind and solar doesn’t ensure a reduction in coal-fired power,” Gosens said.”
China’s coal industry doesn’t have the environmental requirements that ours does so coal isn’t as expensive over there but it does cost it’s citizens in other ways.
And I don’t know about you, but I wouldn’t want to live with Chinese air pollution.
Coal is extremely dirty, and it’s not just CO2, but mercury, sulfur dioxide, arsenic, selenium and a whole host of other toxic poisons plus a lot of soot into the air.
Why use coal when there are much better options like natural gas, renewables and even nuclear?
And if you put pollution control equipment on coal plants, it makes coal more expensive than the competing power sources.
So why not just use the other power sources?
We can’t stop using coal overnight, it will have to be phased out and that’s what’s happening now.
Coal plants are being closed and new natural gas plants, solar farms and wind farms are being built to replace them.
People should not bemoan the fall of coal electricity, we should celebrate it.