Text Canada is hardly alone in persevering with coal. Germany, the bastion of alternative energy, has seen its coal consumption rise 5% since the government started mothballing its nuclear energy plans. BP’s annual energy review shows coal consumption grew 10% in China and around 11% in India and South Korea. “Coal still accounts for about 80% of the energy production in China and 45% in Japan, and coal will remain the baseload for Japan even as it moves away from nuclear, so globally it’s not possible to get away from coal,” Jeff Largey, a Macquarie analyst told Reuters. Meanwhile, nuclear has still not recovered from the Fukushiyama disaster last year, with key consumers such as Germany and Japan cancelling nuclear projects and switching to coal and natural gas. The International Atomic Energy Agency said it expects growth in nuclear energy capacity to slow down, but not reverse. The green movement is not exactly dead, as consuming countries remain keen to reduce their dependence on expensive hydrocarbon imports, but it would take fairer economic winds to revive interest. It would also take exceptional boldness from policymakers to push the industry forward — and that’s one commodity that’s hardest to find.
Quoted from this site here.
I have to agree that things are not what they seem to be, we are being clouted in the wallet just as hard as can be at the wrong time.
I saw in a flyer the other day CFL bulbs that you can now dim on sale for only $39.99 each, I am not joking!
We can fill a grocery cart for the price of two bulbs, yet our electricity bills are going through the roof here because of the stupid green movement.
S&F to the OP