Re: OT: New power stations in China (was something to do with global warming)

On Wed, 27 Feb 2008 15:54:40 -0600, "tlmfru" <lacey@xxxxxxx> wrote:

Somebody posted a note including the claim that China is building or opening
two new coal-fired power stations a day. (Can't find the original post).

I misspoke when I wrote that. It's two new plants per WEEK.
http://news.bbc.co.uk/2/hi/asia-pacific/6769743.stm

It may be true and according to a commentary by Sebastian Mallaby, "a fellow
for international economics with the (US?) Council on Foreign Relations"
they're doing it to gain carbon credits. They build the stations which
"release great quantities of greenhouses gases, then (pocket) billions for
redesigning them". Whether this is true or not, it demonstrates the
possible abuses of the carbon credits scheme. The idea should be abolished
from useful debate.

BEIJING, Oct. 26, 2006 -- The trading arm of Paris-based energy giant EDF (Electricite
de France) Group Wednesday signed an initial agreement with China's leading electricity
distributor to buy 1.5 million tons of annual greenhouse emission credits under the Kyoto
Protocol carbon-trading scheme.

EDF Trading signed a letter of intent with China National Bio Energy Co Ltd, a
renewable energy developer invested by the State Grid Corp of China, to purchase carbon
credits from its China National Bio's three biomass power generation projects located in
China.

Established in July last year, China National Bio is currently building as many as 14
biomass generation plants across the nation, boasting a total installed capacity of 350
megawatts (MW). These plants use biomass sources such as the stems of cut wheat to
generate electricity.

In the next four years, China National Bio plans to expand its biomass-fuelled
capacity to more than 2,000 MW, accounting for 55 percent of the nation's biomass power
generators.
http://www.stockhouse.com/blogs.asp?page=viewpost&blogID=228&postID=6223
.