China, California likely to dictate US carbon market – Sandor
Successful carbon cap-and-trade programmes in China and California are likely to be necessary preconditions of any US national market in greenhouse gas emissions, according to market pioneer Richard Sandor.2010: China’s Massive Coal-Fired Power Plant Boom Visualized | ecopolitology
“We need to have China surpass us to wake up the politicians in Washington,” Sandor told Environmental Finance.
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Sandor – who last year was appointed an adjunct professor of environmental finance at Peking University’s Guanghua School of Management – described the Chinese government as “very smart, very market-orientated and are leaders in renewable energy. They have a long-term strategy and they believe in markets as a way to solve the climate problem.”
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"Very sorry" to closure of Chicago exchange
We hear all kinds of stats thrown around about how much coal-fired electricity generation China has added during its recent period of explosive economic development. The most commonly repeated--and my personal "favorite"--is that China is completing the construction of new coal-fired power plants at a rate of 2-3 per week, a truly astonishing figure.
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