Despite the trillion-dollar campaign aimed at curbing fossil fuels, the use of coal continues to rapidly expand and is acting to finally pull undeveloped countries out of extreme grinding poverty.
Investors Business Daily (IBD) here reports “coal use is surging across the globe“, citing the National Academy of Sciences, which says there’s an “unmistakable coal renaissance under way” and that coal “has again become ‘the most important source of energy-related emissions on the global scale.'”
The NAS study shows coal use is expanding strongly in poor Asian countries like India and China, mainly because of its high affordability. IBD writes: “In sum, using coal is a stepping stone to prosperity.”
The IBD site adds that 1,200 coal plants are planned across 59 countries, that coal use around the world has grown about four times faster than renewables, and that China’s reliance upon coal will keep growing:
And according to U.S. government projections, China will add yet another U.S. worth of coal plants over the next 10 years, or the equivalent of a new 600-megawatt plant every 10 days for 10 years.”
The IBD blasts the Obama Adminstration’s plan to cut back on coal use in the USA, writing that the President is living in a “dreamland” and that “the rest of the world has no intention of following Mr. Obama’s act of economic masochism” and that the plan “will cost America hundreds of thousands of jobs” and “the poor will be hurt most“.
Strangely despite surging coal consumption, global temperatures have not risen in close to two decades. Consequently the once highly ballyhooed global warming theory is crumbling,
Read more at Investor’s Business Daily.