Despite the movement away from coal in developed countries, the heavy investment in new coal-fired power generation by developing countries is creating an annual $170 billion market with some peaks of close to $200 billion over the next five years. India, Vietnam and Indonesia will be the leading purchasers. However, there will be some investment in the developed countries who are reducing the total CO2 footprint from coal. The route they are taking is to build new highly efficient coal-fired power plants to replace the high CO2 emitting existing power plants. Japan is a prime example. Dozens of new coal-fired power plants are underway in Japan. China is slowing down its investment in new coal-fired power plants but will continue to be a leading purchaser. Coal-fired power is the key to the smog reduction program. The electric power provided by these power plants is used in commercial and residential buildings as a substitute for solid fuels burned on site which are presently creating much of the smog. The large coal-fired power plants built recently in China are more efficient than the average U.S. coal-fired power plant and have all the pollution control equipment. Click Here For Complete News Release Text
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