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Greenpeace: China’s coal use cost it $248 bln

Posted on 28 October 2008

From CNN: China’s reliance on cheap coal to fuel its economy cost a hidden $248 billion last year through damage to the environment, strain on the health care system and manipulation of the commodity’s price, according to a report released by Greenpeace.

Coal accounts for more than 70 percent of China’s energy use, helping to buttress the country’s double-digit economic growth. But as demand for electricity has soared, supplies of coal have been strained — and the government’s role in keeping prices low has become more expensive….. Full Article: Source


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