India and China will charter their own independent energy paths governed by what they view as their own specific economic and geopolitical objectives.Expansion of existing capacity and construction of new pipelines
from Russia to China is in progress. Absent disintegration of Russia
brought on it by the NATO-US funded proxy way most of the supply
of the fuel to Europe will be redirected to China in a decade.
China and, perhaps to a lesser degree, India think ahead of the
energy future unlike the climate-change-obsessed west. They
won't let go the opportunity of gaining exclusive access to Earth's
most valuable fossil fuel resource trapped in Siberia.
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China permitted more coal power plants last year than any time in the last seven years, according to a new report released this week. It's the equivalent of about two new coal power plants per week.
"Everybody else is moving away from coal and China seems to be stepping on the gas," she says. "We saw that China has six times as much plants starting construction as the rest of the world combined."
Last year's boom in new coal didn't come out of nowhere, says Yu, who notes that the domestic coal industry has long pushed the message that coal is a reliable form of energy security.
a global "transition " as you envision is a unrealistic fantasy"When the energy crisis happened, when energy security is a big concern, the country just seeks solutions from coal by default," Yu says.