China’s coal bubble…and how it will deflate U.S. efforts to develop “clean coal”
The conventional wisdom in energy-and-environment circles is that China’s economy, which is growing at a rate of eight percent or more per year, is mostly coal powered today and will continue to be so for decades to come…Most of this conventional wisdom is correct, but some of it is plain wrong—so wrong, in fact, that environment-, economic-, and energy-policy wonks are constructing scenarios for the future of U.S. and world energy, and for the global economy, that bear little or no resemblance to the reality that is unfolding.


