Coal is looking like the energy winner in the current economic crisis, David Victor and Varun Rai say in Newsweek. Declining coal prices coupled with a crippled world economy means more countries are pushing ahead for energy extracted from coal. The implementation and further development of clean coal technology is also at a standstill due to a lack of investment capital and falling CO2 prices.
China's need to lower its carbon and sulfur dioxide emissions could steer its energy demand towards natural gas. However, this shift would be contingent on financial reforms in particular. This study delves deeper into the geo-political factors behind the potential for this energy source in three major urbanizing regions in China.