Renewables Rejected: Modern Coal-Fired Plants Powering Asian Prosperity

STOP THESE THINGS

Australia’s enviable prosperity is the product of reliable and affordable energy. The path out of poverty starts and ends with cheap and readily available electricity.

A bit over a generation ago China determined to leave behind its agrarian misery and to modernise, with a view to becoming an industrial superpower. It’s achieved that status, thanks to an enormous investment in reliable coal-fired power plants.

In that respect, China is not alone. Over the last 20 years, the most rapid increase in coal-fired power plant capacity occurred in Indonesia; India’s hopes of dragging its people out of grinding poverty depends on a program of the same magnitude. And Japan – which still dominates in high-end manufacturing (the world’s most popular motor vehicle brand remains Toyota), as well as high-tech kit – is building a fleet of High Efficiency Low Emissions coal-fired power plant to ensure it remains in that position.

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