Somebody posted a note including the claim that China is building or
opening
two new coal-fired power stations a day. (Can't find the original post).
It may be true and according to a commentary by Sebastian Mallaby, "a
fellow
for international economics with the (US?) Council on Foreign Relations"
they're doing it to gain carbon credits. They build the stations which
"release great quantities of greenhouses gases, then (pocket) billions for
redesigning them". Whether this is true or not, it demonstrates the
possible abuses of the carbon credits scheme. The idea should be
abolished
from useful debate.
PL
