I’m short on time this week, but Benny Peiser brings our attention to the latest energy revolution: coal!
I guess CO2 can’t be that great of a problem after all. At the Christian Science Monitor:
While regulation limits coal power in the US, Hunt writes that the energy source is on the rise in Europe.
A funny thing is happening on the way to the clean energy future. While the US government wages a regulatory war on coal fired generation, in Europe, the land of the oh so politically correct the drive for greenhouse gas emissions reduction is meeting a new competitor—reality!
The EU emissions trading scheme had fallen on hard times […] it was not the transformation some had hoped to achieve.
Then the Japan earthquake and tsunami sends Europe into a frenzy over the safety of nuclear power and Germany announced major closures of its nuclear fleet. The Greens hoped killing off nuclear would give them a two-fer—less nuke and more renewables.
The German government policy is to encourage construction of 10 gigawatts of coal fired generation to displace aging nuclear plants and provide baseload backup for wind and solar power. Worldwide coal plant construction grew 5.4% over the past year according to BP and now represents about 30% of installed capacity. …