Australia may be the worlds largest exporter of coal, sending out 388 million tons in 2015, but China’s production of coal the same year was 3,747 million tons — nearly ten times as much, and nearly half of global coal production. But the Chinese coal boom is turning. David Archibald describes the geopolitical ramifications and likely trajectory. — Jo
Here is what’s holding back China’s plans for world domination
Guest post By David Archibald
One of the reasons that China produces the world’s cheapest solar panels, for example, is because it has some of the world’s cheapest coal-fired power
There is no doubt that China wants to subjugate Asia, echoing Japan’s role during World War II. For those who think China’s economy might overtake the United States economy, and thus make China a more formidable adversary, this article aims to provide detail on China’s main constraint in that ambition: that its domestic coal production is near its peak and will then go into long-term decline.
Even if China can keep its energy supply constant with an accelerated expansion of its nuclear power sector, the cost of producing coal from deeper mines will mean that the costs of industrial production will rise due to […]
January 5, 2018 at 10:23AM