China’s generally very effective development machine faces new challenges. With inflation on the rise and heavily relying on export oriented low cost and energy intensive industries, China’s bureaucracy scrambles to keep electricity costs down. One might consider this to be an easy task. After all, utilities are state controlled and basically have to follow orders….
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China has a very bad reputation concerning the environmentally friendly energy production – every second day, a new coal-fired power plant comes on stream. Some of these hundreds of additional plants replace older even less-efficient ones but they still represent a major problem for the urgent global reduction of greenhouse gas. However, one should not…
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