half world: That is more than Japan uses in a year and could cut China's domestic seaborne coal trade by 10 percent in the long run, Fenwei Energy Information Services Co. forecasts. ; In a world where governments and businesses are under pressure to leave fossil fuels in the ground, the new rail is decidedly old-fashioned, according to The Japan Times. China has pumped more money into renewable energy than any other country and is battling pollution by urging its population to burn gas instead. Almost a decade in the making, the nearly 30 billion Haoji Railway will start this month and eventually haul as much as 200 million tons from key producing regions in the north to consumers in the south. Yet it continues to mine and burn half the world's coal. One of the main reasons for building the nearly 2,000-kilometer-long 1,250-mile railway is to ease transportation bottlenecks in the domestic supply chain. Coal will remain a dominant source of power in the next 10 years, even though it's being gradually replaced by new energy, said Tian Miao, an analyst at Everbright Sun Hung Kai Co. in Beijing.
(news.financializer.com). As
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Tagged under half world, coal trade topics.