Greenie organisations and experts are hoping China will take steps to curb its voracious appetite for energy and wondering whether it will meet its emissions reduction targets.
The answer to that question is NO. China isn’t going to meet any CO2 targets. China is booming and on track to easily surpass the USA in economic might in as little as 15 years.
In 50 years, it’s not even going to be close. That’s the one and only target – period.
Not only will China soon dominate the world’s energy markets, but as its biggest creditor, it will have the USA on its knees. Why? Because China is fueling its economy, while the USA chokes its own. Nothing makes this clearer than a report of the Institute for Energy Research here:
I) China is wheeling, dealing, and positioning itself globally-
USA is putting the green EPA shackles on itself.
According to the Institute for Energy Research here:
China’s electrification program and its ability to secure future oil supplies are second to none. By contrast, the U.S. economy is growing more slowly and its energy strategy is limiting that growth.
China has doubled its energy consumption since 2000. And while the US government imposes moratoriums on drilling and fights energy production projects with environmental lawsuits, look at what China has done:
China has spent nearly $200 billion on oil deals during the past few years, joining with more than 19 countries —including Russia, Turkmenistan, Kuwait, Yemen, Libya, Angola, Venezuela and Brazil.
China’s Sinopec Company agreed to buy a 9% stake that ConocoPhillips holds in Syncrude, a Canadian business involved in the production of oil sands.
As the United States loses neighboring oil supplies to China, one wonders how the U.S. will meet future oil demand.
II) What about China and coal?
According to China’s National Bureau of Statistics, the country’s coal output grew more than 28 percent, to well over 751 million tons in the first quarter of 2010.
Now compare this to US policy:
The EPA has issued a new policy aimed at curbing mountain top removal mining and is scrutinizing surface coal mine permits. EPA is revoking or blocking Clean Water Act permits for mountain top mining citing irreversible damage to the environment. Some of the permits were awarded years ago.
China already consumes more than twice the coal as the United States, and by 2030, China is expected to consume 3.7 times as much coal. China on average is bringing one coal-fired power plant on line every week, and plan to do so for the next 40 years!
III) China compared to USA in 2009
No contest there either.
China is estimated to have added an additional 85 gigawatts in 2009, reaching a total of 874 gigawatts, about 15 percent less than the total capacity in the United States. Of the 85 gigawatts added in 2009, 51 gigawatts were conventional, mostly coal, 25 gigawatts were hydroelectric, and 9 gigawatts were wind power. Many of China’s wind turbines were funded by the U.N.’s Clean Development Mechanism, under which wealthy countries fund projects in developing countries.
Thanks “rich” countries! Now contrast this to what the USA has done.
The United States added only 47 gigawatts of generating capacity from 2004 to 2008 (14 percent of the capacity China added), of which 26 gigawatts were natural gas-fired units and 18 gigawatts were wind turbines. New coal-fired capacity additions are practically non-existent in the United States, primarily owing to objections regarding emissions of carbon dioxide.
Coal-fired projects in the United States have either been cancelled or delayed because of permitting problems, reviews and re-reviews by EPA and resulting financing problems
Are green energy proponents and political leaders really concerned about America’s future? Of course not. They’ve sold out the USA, lock, stock and barrel.
Not only will China dominate energy markets and the economy globally, it will also remain the USA’s largest creditor. When the USA default (and it will; it’s no longer a question of if, but when) China will simply take over USA’s vast untapped energy reserves as payment.
If you want to read more of the dreadful details and statistics of the sorrowful US (and European) energy policies, then continue reading the Institute for Energy Research here.