CHINA’S CLEAN ENERGY FUTURE RUNS INTO A SNAG
China’s clean energy future has run into a problem in the face of $1.2 trillion in debt, mostly tied to the nation’s coal plants that have the capacity to produce roughly three times the coal power capacity of the U.S. And keeping all those coal-fired power plants current on their loans is a key constraint on China’s ability to quickly switch to cleaner power.
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China’s Clean Energy Future Has $1.2 Trillion Problem WALL STREET JOURNAL
JAY FAISON’S TAKE
China’s $1.2 trillion in debt (most of it to coal plants) means they have to keep existing plants running. Affordable carbon capture is essential. Let’s increase the research dollars for better carbon capture chemistry at places like Pacific Northwest National Laboratory.
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