George Soros gave Ivanka's husband's business a $250 million credit line in 2015 per WSJ. Soros is also an investor in Jared's business.

Saturday, November 7, 2015

500 new coal plants being built in Asia in 2015, at least 1000 more planned-Reuters (It's never been about 'climate.' From day one it's been about the criminal Republican and Democrat Establishment selling out the United States as fast as it can and laughing about it)


11/3/15, "Natural gas losing its shine as Asia holds faith in coal power," Reuters UK, Florence Tan and Henning Gloystein, Singapore

"The shine is coming off once bright prospects for natural gas as the future fossil fuel of choice in Asia as power companies in India and Southeast Asia tap abundant and cheap domestic coal resources to generate electricity.

Asian loyalty to coal is shrinking the space available for natural gas just as supplies are ramping up after massive investments in U.S. and Australian output. Demand growth for natural gas is also slowing in top energy consumer China, further dampening the fuel's prospects.

While much attention has been given to a potential peak in China's coal demand and worries about emissions, in Asia alone this year power companies are building more than 500 coal fired plants, with at least a thousand more on planning boards. Coal is not only cheaper than natural gas, it is often available locally and has no heavy import costs.

Growth in coal use is expected to hit liquefied natural gas (LNG) producers hardest, especially with prices half of year-ago levels as Australia and North America wind up their spending spree of hundreds of billions of dollars.

"Electricity is increasing its share in total energy consumption and coal is increasing its share in power generation," said Laszlo Varro, head of the gas, coal and power markets division for the International Energy Agency (IEA).

Some of the biggest growth in coal use is in India, where it meets 45 percent of total energy demand, compared with just over 20 percent each for petroleum products and biomass/waste.

"We're absolutely sure India's coal demand will continue to grow," Varro said.

At the same time, costs for solar, wind and other renewables are falling, and countries are stepping up investments, eating away more of natural gas' portion of the market.

China, in particular, added nearly as much wind capacity as the rest of the world in 2014, according to the latest annual report from the Global Wind Energy Council, and India is also investing heavily in renewable energy.

Renewables are attractive as an offset to the carbon emissions and pollution associated with coal, and also because they help reduce import bills for expensive fossil fuels.

SOUTHEAST ASIA

Other emerging Asian economies are seeing similar growth to India's in coal-fired generation.

"Coal is still the cheapest and the fuel that most Asian countries will use," said Loreta G. Ayson, undersecretary at the Philippine Department of Energy.

Forty percent of the 400 gigawatts in generation capacity to be added in Southeast Asia by 2040 will be coal-fired, the IEA says. That will raise coal's share of the Southeast Asian power market to 50 percent from 32 percent, while natural gas declines to 26 percent from 44 percent.

And growth in coal is not only seen in developing economies. Coal's share of the energy mix in Japan, top importer of LNG, will rise to 30 percent by 2030, up from 22 percent in 2010, according to the nation's Institute of Energy Economics, while natural gas will hold at 18 percent.

Helge Lund, chief executive of LNG major BG Group, said a radical review of how the gas industry is run was needed as costs have doubled while revenues are being eroded by cheap prices and competition from other fuels.

Still, there could be a silver lining for gas as it grows in other sectors such as transportation and small-scale power units to meet local needs in remote areas."


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Related: "Climate" talks complicated by China revelation that it burns much more coal than reported, size of correction is immense, almost a billion tons more CO2 a year, more than entire German economy. Data has been wrong since 2000, misreporting also took place in 1990s-NY Times

11/3/15, "China Burns Much More Coal Than Reported, Complicating Climate Talks," NY Times, Chris Buckley, Beijing. 11/4/ print ed.

"China, the world’s leading emitter of greenhouse gases from coal, has been burning up to 17 percent more coal a year than the government previously disclosed, according to newly released data. The finding could complicate the already difficult efforts to limit global warming.

Even for a country of China’s size, the scale of the correction is immense. The sharp upward revision in official figures means that China has released much more carbon dioxide — almost a billion more tons a year according to initial calculations — than previously estimated.
The increase alone is greater than the whole German economy emits annually from fossil fuels. Officials from around the world will have to come to grips with the new figures when they gather in Paris this month to negotiate an international framework for curtailing greenhouse-gas pollution. The data also pose a challenge for scientists who are trying to reduce China’s smog, which often bathes whole regions in acrid, unhealthy haze.

The Chinese government has promised to halt the growth of its emissions of carbon dioxide, the main greenhouse pollutant from coal and other fossil fuels, by 2030. The new data suggest that the task of meeting that deadline by reducing China’s dependence on coal will be more daunting and urgent than expected, said Yang Fuqiang, a former energy official in China who now advises the Natural Resources Defense Council.

“This will have a big impact, because China has been burning so much more coal than we believed,” Mr. Yang said. “It turns out that it was an even bigger emitter than we imagined. This helps to explain why China’s air quality is so poor, and that will make it easier to get national leaders to take this seriously.”

The new data, which appeared recently in an energy statistics yearbook published without fanfare by China’s statistical agency, show that coal consumption has been underestimated since 2000, and particularly in recent years. The revisions were based on a census of the economy in 2013 that exposed gaps in data collection, especially from small companies and factories.

Illustrating the scale of the revision, the new figures add about 600 million tons to China’s coal consumption in 2012 — an amount equivalent to more than 70 percent of the total coal used annually by the United States.  
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“It’s been a confusing situation for a long time,” said Ayaka Jones, a China analyst at the United States Energy Information Administration in Washington. She said the new data vindicated her earlier analysis of China’s preliminary statistics, which flagged significantly increased numbers for coal use and overall energy consumption.
The new data indicated that much of the change came from heavy industry including plants that produce coal chemicals and cement, as well as those using coking coal, which goes to make steel, Ms. Jones said. The correction for coal use in electric power generation was much smaller.


Officials accepted the need to correct worsening distortions in the old data but have not commented publicly on the changes, according to Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University in eastern China. Mr. Lin said in a telephone interview that this was partly because the new figures made it more complicated to set and assess the country’s clean-energy goals.


“It’s created a lot of bewilderment,” he said. “Our basic data will have to be adjusted, and the international agencies will also have to adjust their databases. This is troublesome because many forecasts and commitments were based on the previous data.

When President Xi Jinping proposed that China’s emissions stop growing by 2030, he did not say what level they would reach by then. The new numbers may mean that the peak will be higher, but they also raise hopes that emissions will crest many years sooner, Mr. Yang, the climate adviser, said.
“I think this implies that we’re closer to a peak, because there’s also been a falloff in coal consumption in the past couple of years,” he said.
Chinese energy and statistics agency officials did not respond to faxed requests for comment on the data revisions. The press office of the International Energy Agency said by email that the organization would revise its own data to reflect China’s revisions, starting with numbers for 2011 to 2013 that will be released Wednesday. The agency estimated, based on the new figures, that China’s carbon dioxide pollution in 2011 and 2012 was 4 percent to 6 percent greater than previously thought.

But some scientists said the difference could be much larger. Jan Ivar Korsbakken, a senior researcher at the Center for International Climate and Environmental Research in Oslo, said that based on his preliminary analysis, the new data implied that China had released about 900 million metric tons more carbon dioxide from 2011 to 2013.


That would be an 11 percent increase in emissions, he said. For comparison, the International Energy Agency estimated before the revision that China had emitted 8.25 billion tons of carbon dioxide from fossil fuels in 2012. Dr. Korsbakken, a physicist, emphasized that deeper analysis of the new data was needed before firm conclusions could be drawn.

When estimating emissions, scientists prefer to account for coal use by the amount of energy in it rather than by its raw mass, which includes impurities that end up as ash. Measured in energy terms, Dr. Korsbakken said, China consumed 10 percent to 15 percent more coal than the old data had showed from 2005 to 2013, the last year for which the new and old figures can be compared. The revisions for 2001 through 2004 were smaller.
Economists have grown increasingly skeptical about the economic data China publishes, and the revisions open a new episode in the debate over its energy use and greenhouse-gas emissions.
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China’s emissions — 4.2 billion metric tons in 2013, according to the new data — now far exceed those of any other country, including the United States, the second-largest emitter.
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This is not the first time China has underestimated its coal consumption. In the late 1990s, small coal mines were ordered to close, but many of them simply stopped reporting their output to the government. For a time, this created an erroneous impression that China had succeeded in generating economic growth without increasing emissions.
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More recently, some scientists concluded that China’s emissions were lower than widely believed because the coal it was using was of lower quality and burned less efficiently than researchers had generally assumed. But Mr. Yang said that conclusion had been disputed.


The revised numbers do not alter scientists’ estimates of the total amount of carbon dioxide in the air. That is measured directly, not inferred from fuel consumption statistics the way countries’ emissions are usually estimated. ..............
So if China’s emissions have been much greater than believed, researchers will want to understand where the extra carbon dioxide output ended up — for example, how it might have been absorbed in natural “sinks” like forests or oceans, said Josep G. Canadell, executive director of the Global Carbon Project, which studies the sources and flows of greenhouse-gas pollution.

“If the emissions are partially wrong,” Mr. Canadell said, we’ll be wrong in attributing carbon sources and sinks.”"

"A version of this article appears in print on November 4, 2015, on page A1 of the New York edition with the headline: "China Is Burning Much More Coal Than It Claimed.

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