Word: coaling
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...enactment in 1872, the U.S. government has given away more than $245 billion in mineral reserves through patenting or royalty-free mining, says Rep. Nick Rahall, the West Virginia Democrat who is behind the new bill. Compare that, he says, to the $35 billion the Treasury has reaped from coal, oil and gas produced on federal lands between 1994 and 2001 alone. "So with that scenario," says Rahall, "we are indeed Uncle Sucker...
...term is "leapfrog" - or as Davis said later, "super leapfrog." Desperate to keep juice flowing to their rapidly growing economies - in India especially, blackouts remain a fact of life - the big developing nations are adding electrical capacity fast, cheap and dirty. China alone is building a coal plant a week for the next five years, locking in vast levels of carbon dioxide emissions. It would be a big step just to get these economies to the same efficiency and relative cleanliness of developed-world energy systems. Coal plants in Japan, for instance, operate with an efficiency of 40% or better...
...Vietnamese officials say they are trying to ease the environmental impact of coal power by using clean-burning technology and by encouraging energy conservation. EVN has launched a rebate campaign promoting power-saving fluorescent lightbulbs; Vietnam recently passed a clean-air law that requires new coal plants to install filters for toxic sulfur dioxide and nitrogen. In Uong Bi, EVN installed filters on the new generator's smokestack - a measure that tea-shop owner Dang says has reduced the black smoke. But even the most advanced technologies can't cut CO2 emissions by much. Carbon sequestration - a proposed method...
...Poverty isn't, and EVN's Long says Vietnam's priority is economic development - and that requires abundant electricity for manufacturing and to meet the needs of an expanding middle class. "If we don't use coal power, then we'll have a beautiful environment but a lot of poverty," says Long. "We have to make a choice." Vietnam has decided to turn the lights on now, and deal with climate change later...
...isolation, might ultimately lead to economic reforms. And for foreign investors lured by what Devonshire-Ellis calls the "barren romance" of the place, North Korea holds obvious, if modest, attractions: a highly literate workforce with average daily wages that are about half what Chinese earn; abundant mineral resources, including coal, iron ore and gold; a cash-on-the-barrel economy; and virtually no competition. It's not hard to gain a first-mover advantage, after all, if everyone else is standing still...