americandream wrote:No way China can cut back. Too many FDI's dependent on that teat.
I'd expect a slight of hand really. China's smog problem is real, and they do want to shut down some plants that are poorly sited. However, the rub is in the details; China is no where suggesting they will reduce consumption of electricity, nor even suggesting they intend to moderate the rapid increase in electricity consumption. What has changed, is simple. Russia. Two things really apply, Russian natural gas supplies will displace some coal burning; but the story that doesn't get much play is electricity produced in Russia's East and sold to China (and the Koreas). Its a long game of course, but I'd look for China's CO2 to level off; and their particulate problem to improve; and Russia's CO2 emissions greatly increas for no apparent reason. And the reason will be that Russia is burning coal in Russia to produce electricity to sell to China and the Koreas. In a depopulated zone with lots of water and lots of fuel, and an insatiable customer with hard currency, I see no reason to expect anything short of a radical increase in human CO2 production coupled with a radical increase in domestic Chinese electricity consumption.