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Posted Thu Dec 30 2010: from Guardian:
China's green gift to the world
In a mostly dismal year for US and international climate policy, China's coal imports are skyrocketing to record levels. The environmental community and policy pundits have rushed to decry this new development, arguing that China's expanding imports undermine global climate efforts, and even that countries should block coal exports to China. But the conventional wisdom has it backwards. In reality, record Chinese coal imports are better for global CO2 emissions than any climate policy to come out of Washington or the United Nations this year - because they strengthen incentives for the rest of the world to switch to less polluting fuels.... As a result, the entire globe is now rushing to figure out how to sell more coal to China. Environmentalists have balked, suggesting that coal sales to China should be blocked and that China's imports are evidence that it isn't taking real steps to fight global warming.... Because burning natural gas emits roughly half the CO2 per megawatt-hour (MWh) of electricity compared to coal, the possibility of switching to natural gas generation when coal becomes expensive is one of the most significant opportunities to reduce emissions globally.
[Read more stories about: coal issues, death spiral, economic myopia, low-energy future]

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'Doc Michael says:
The economics of supply and demand have worked out great for the world so far!

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