E While Global Warming Warriors Freak Out, China Coal Offers Prosperity

Global warming activists are stunned about China's energy plans for the world. Some leave small carbon footprints, they say. All of them are astonished and freaked at what China is doing with coal. After all, coal is twice as dirty as natural gas, although the quality of "clean" coal plants are improving.

China is going to build 700 coal plants in China and 300 more throughout Asia:

Edward Cunningham, a specialist on China and its energy markets at Harvard University, tells NPR that China is building or planning more than 300 coal plants in places as widely spread as Turkey, Vietnam, Indonesia, Bangladesh, Egypt and the Philippines.

This is why we should not be too alarmed at this development. China is shutting down old coal plants. It is a nation going green in many ways, including in encouraging electric cars and clean tech, such as solar panels and wind turbines. China is taking the lead in these industries.

There are four points of genius in what China is doing with coal.

1. China is keeping coal employees working.

2. China's new generation power plants are far cleaner than American coal plants. It is still coal, though. China has the money to build for its energy future. Apparently the United States does not although the USA has other options that China does not have, like natural gas.

3. China is conforming to Paris Accords by being super green in other ways, while producing cleaner coal.

4. China is not afraid of manufacturing leaving China because that nation will supply the power to most nations that benefit from the tariff wars. China, then, cannot totally lose the benefits of industry growth among its neighbors.

What Is China's Plan for Coal All About?

 So, what is China's plan for coal all about? The Center for American Progress went to China a few years back and explained it:

We found that the nation’s coal sector is undergoing a massive transformation that extends from the mines to the power plants, from Ordos to Shanghai. China is indeed going green. The nation is on track to overdeliver on the emissions reduction commitments it put forward under the Paris climate agreement, and making coal cleaner is an integral part of the process.

China is going green but that won't provide enough energy production:

While China and the United States have roughly the same land mass, however, China has 1.3 billion people to the United States’ 325 million.2 It needs an electricity system that is much larger, so adding the renewable equivalent of one entire U.S. electricity system is not enough to replace coal in the near to medium term. To bridge the gap, China is rolling out new technologies to drastically reduce local air pollution and climate emissions from the nation’s remaining coal plants.

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Disclosure: I have no financial interest in any companies or industries mentioned. I am not an investment counselor nor am I an attorney so my views are not to be considered investment ...

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