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Ten things about China and climate change : Comments
By Derek Scissors, published 9/11/2009China could cut its rate of emission expansion in half yet still exceed the worst case scenario.
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Posted by dalma, Tuesday, 10 November 2009 11:03:41 AM
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Remarkably, the Teacher's Union after 9 months of frenetic stalemate intransigence, Arbitration Court dismissals, stop work walkouts, and sudden one day strikes, hottie Rudd intervenes, and grants a 10 % pay rise. Total package $1.2 B from Gillard's Educational bursary, no doubt !
As the World's most prolific buyer of US Treasury Bonds, Foreign Currency Reserves e.g.$ 1.7 T, China despairs as the parity, liquidity of the greenback nose-dives. Rumbling from Brazil, Russia, OPEC, China over risk of hyper-inflation, and a disfunctional Global
Financial System in jeopardy, China has hastened it's quest of seeking Gold mining in Canada, S America, African Continent, Oz as the only tangible monetary alternative that appreciates with time. The pursuit of Gold as a hedge has always been a priority and goal, throughout it's 4000 year history.
Recently, to mitigate it's US exposure, it arranged the sale of 534 Boeing aircraft 60 B787's, 70 B737's initially. In the next decade China will need 2600 long haul, wide-bodied, supersonic aeroplanes.
Within the alloted time frame, substantial didactic progress to increase Nuclear reactors, million Kilowatt power grids, wind driven generators, and Hydro-Electric schemes are bearing fruition. Benchmarks of 1000 KV AC, and 800 KV DC have been achieved.
It plans to abide by World EPA standards and showcase it's Carbon dissipating foot-print. The Kyoto Protocol doesn't appear as formidable as first imagined.
For now, anything is achievable.