Tag: Canada Business News

China’s new mega-dam is a mega-problem

(July 12, 2012) Almost 20 years in the making, China’s Three Gorges mega-dam was declared complete on July 4 when the last of its 32 generators went online, 10 years after the first turbine went into operation. There is no end in sight, however, for costs associated with the vast and controversial project, which remains closer to disaster than triumph.

Advertisements

China, EU carbon markets bailed out at Durban

(December 13, 2011) The Durban climate conference set out to save the planet, but in the end may only save China’s green energy industry and the EU’s carbon markets, both of which are in danger of freefall. The $100-billion a year Green Climate Fund, agreed to by the conference, will finance the global spread of Chinese technologies. And the EU’s unilateral decision to extend Kyoto will help prop up its faltering carbon markets. But beyond December 2012, when the current Kyoto Protocol ends, the EU will be on its own as Canada, Japan, and Russia have declared their intention to withdraw.