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Stephen Brown says:
One fact that you have not taken into account is China’s whole-hearted embrace of nuclear power. Daya Bay, see here for details ( http://www.nuctrans.org/Nuc_Trans/locations/daya-bay/daya-bay.html ) was just the first of many more such plants planned and even now under construction.
China knows that the most viable option is nuclear power if it wants to provide for future growth. And that is just the route it has taken.
China will soon become the world’s leader in nuclear power generation. The coal that they have will be saved for other uses.
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Willis Eschenbach says:
An excellent piece, Thomas. Perhaps this might help to put it into perspective:
As you have pointed out above, the action is all in the developing world.