In my last blog entry, I talked about the article I had read in the New York Times concerning current developments over China's new competitive banks. In this entry, I want to explore one specific part of that article, which concerns the application of coal and of possible usage of clean coal technology that would make a difference in these developing regions. Due to the cheap costs of coal and the usage of clean coal technology, it could prove to be a big difference in the region.
Environmentalists might not like the idea of using coal energy, but it can help these developing economies kickstart their economies. Coal is dirty, pollutes the environment and requires stripping the mountaintops, but the economic benefits to it are enormous. It can enable these economies to get started before transitioning to more cleaner kinds of energy at a later time. To weigh the pros and cons of coal energy, here's an article on this topic.
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