Coal Burning Hole In Chinese Economy
October 29, 2008
October 29, 2008
BEIJING, China, Oct. 29 -- World Wildlife Fund issued the following news release:
China's coal bill in 2007 reached a total external cost of 1.7 trillion Yuan ($250bn), equivalent to 7.1 per cent of China's gross domestic product the same year.
These are the findings of a new report commissioned by Greenpeace, the Energy Foundation and WWF-China. The three organizations have urged the Chinese Government to set up a fairer pricing system for coal.
China's coal bill in 2007 reached a total external cost of 1.7 trillion Yuan ($250bn), equivalent to 7.1 per cent of China's gross domestic product the same year.
These are the findings of a new report commissioned by Greenpeace, the Energy Foundation and WWF-China. The three organizations have urged the Chinese Government to set up a fairer pricing system for coal.
