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This boon for miners bodes ill for the environment. The
power stations frantically being built in China to feed
the country’s new electricity grid will be relatively
efficient and thus less polluting than older coal plants
around the world. But that is a rather low bar. Coal is
the filthiest fossil fuel and is cheap only because its
dirtiness isn’t included in the bill.
Indeed, the coal boom blows yet another hole in the
effort to restrain greenhouse-gas emissions. The Kyoto
protocol makes countries responsible only for their own
direct emissions. As environmentalists point out, rich
countries that spurn coal-fired power while exporting
the rocks to countries with less ambitious emissions
targets are merely shifting the problem around the
globe. Even China’s modest hopes of bringing its share
of coal-fired power down to 63% by 2015 sit ill with its
growing dependence on coal. Alongside coal-fired
power stations and coal exports, a coal conundrum is
growing. Jan 27th 2011 The economist
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