Despite Climate Change Fears, China And India Focus on Coal
“As they become richer, the citizens of China and India are using more energy to run their offices and factories, and buying more electrical appliances and cars,” the International Energy Agency says in its newly issued World Energy Outlook.
IEA estimates that China needs to add more than 1.3 million MW—the equivalent of 2,000 650-MW coal plants—to its electricity-generating capacity by 2030, more than the total current installed capacity in the U.S. Projected cumulative investment in China’s energy-supply infrastructure between 2006 and 2030 will amount to $3.7 trillion in 2006 dollars, “three-quarters of which goes to the power sector,” IEA concludes.