Thursday, May 6, 2021

Carbon Units


                                            Carbon Units

China dominates global coal production, and accounted for almost 47% of the world's entire output in 2019. It extracted almost 3.7 billion tonnes during the year, reflecting an annual growth rate of 4%. The country is also the world biggest consumer of coal, devouring around 53% of the global total. India is second on the list of the world’s largest coal-producing countries, producing around 783 million tonnes in 2019 – just under 10% of the global share.
State-owned Coal India, the world’s largest coal-mining company, accounts for around 80% of the country’s output, and has more than 360 mines in operation.
The U.S. coal production is in a virtue-mandated decline.
As of 2020, 350 coal-fired power plants are under construction. They include seven in South Korea, 13 in Japan, 52 in India, and 184 in China with the rest underway in other parts of the world.
China is also building and financing hundreds of other coal-fired power plants in countries such as Turkey, Vietnam, Indonesia, Philippines, Egypt, and Bangladesh.
Those countries will be grateful. And we, of course, will be depriving ourselves of the cheapest energy source available to try to make up for their carbon production. I'm sure those unemployed by our highmindedness will find comfort in their contribution to the symbolic and unwinnable war against CO2.
And, as an aside, where do you think those new plants are going to get their coal from?

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