Coal use is going to increase over the next decade to meet China's energy demands- they're still building (more efficient) coal fired power plants at breakneck speed and Goldaman Sachs says the demand for coal (and coal pricing) is going to steadily increase into 2010.
China has to use every means for power generation it has at it's disposal.
Finally, when steel mills can run off lithium batteries and solar panels, I'll sell my PUDA coal, lol.
Should have included this paragraph from the article:
"As the country throws up more and more wind farms (with some in more rational locations than others), there are going to be some serious intermittency issues to deal with. That will require more baseload power. While nuclear and hydro can meet some of this demand, coal remains the go-to backup source. Even with this legislation in place, I would not expect coal-fired generation in China to decline any time soon."
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