One could be cynical regarding China’s actions regarding coal, but that probably doesn’t matter to them. While they probably snicker at notions like the President’s about making coal use in the US too expensive (bankrupting all who try to use it), China is simply interested in providing power for its people. China is hellbent on producing more power. Consider the Three Gorges Dam and what was sacrificed to build it. China simply realizes that to be prosperous and to provide good lives for its citizens, it must provide more power, especially electricity.

Watts Up With That?

I noted this juxtaposing today, and thought I would share it. First this story from Reuters today:

EU capped emissions fall below expectations

* Carbon prices drop to record low
* Power sector down 3.1 pct, others off by 0.5 pct
* Germany emissions down 1.2 pct; UK off 7.2 pct (Releads with record low carbon price, adds UBS analyst quote)

By Jeff Coelho

LONDON, April 2 (Reuters) – Carbon prices plunged to record lows on Monday after data showing emissions in the European Union’s main scheme to fight greenhouse gases dropped below expectations last year.

Carbon dioxide emissions in the EU’s emissions trading scheme (ETS) fell by 2.4 percent in 2011 from 2010, prompting carbon prices to fall by more than 11 percent to well below 7 euros a tonne.

While the preliminary data published by the European Commission on Monday suggests the bloc is on track to achieve…

View original post 338 more words