Saturday, May 24, 2014

China and the green energy

From my article at SA, YZC is the best among coal companies (the next one is BTU) if you trust Chinese financial statements.

Even in 10 years with all the new nuclear generators on-line, China will still depend on coal for about 70% of their electricity generation. China is blessed with coal but not on oil/gas.

They have tried to alleviate the pollution problem by using better quality of coal (from the NE), demolishing older generator plants. I witnessed the barges carrying coal to the western China along the Yangtze even they have the 3-Gorges dam. However, burning coal is a chemical equation.

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