December 16, 2009
China, Coal, and Copenhagen
Beijing's National Development and Reform Commission (NDRC) is deregulating the sale of coal. New regulations say the central government will no longer hold an annual pricing conference. Instead individual power generators have a month to negotiate prices for 2010 coal deliveries with mining companies directly. The new rules also give priority to transporting thermal coal for power generation on Chinese railroads over coal for direct industrial use (coking coal for steel for example). Railroad companies can no longer allocate quotas prior to actual delivery contracts banning broker middleman from buying up quotas for spot coal sales. The end result may provide price stability overall but indications are Beijing will tolerate higher electricity rates as a result of these reforms.
China like the USA relies on coal for the majority of its baseline electricity generation. But China's dependence is higher - coal accounts for around 75% of electricity production - and China consumes more coal than any other nation. And coal use is growing and is expected to rise for the next few decades even as its use for power generation declines with more nuclear, hydro, and alternative energy production. The UN Copenhagen Climate Change Conference will end without addressing (let alone solving) this essential point: no real progress on air pollution can happen without reducing the reliance on coal for electric power by China and the USA.....
Labels: arms sales, chinese trade, electricity, global economy, reform, un
October 03, 2008
Wolfowitz Pushes Arms on Taiwan
Seven years after the Bush administration offered a massive arms deal to Taiwan and a year after Taiwan's politicians agreed to buy a much smaller package, the US State Department will move forward with $6 billion in weapons in order to avoid the entire package being scuttled by a future Obama administration.
The latest moves appear to be orchestrated by the Bush administration's former Pentagon heavyweight Paul Wolfowitz now Chairman of the US-Taiwan Business Council and the State Department's International Security Advisory Board and will most benefit Lockheed-Martin and a few other defense contractors.
Labels: arms sales, pentagon, taiwan, wolfowitz
March 25, 2008
Minuteman Missiles on Taiwan?
The Pentagon today acknowledged that devices for intercontinental ballistic "Minuteman" missiles were shipped by the Air Force to Taiwan. The devices are "component[s] for the fuse in the nosecone for a nuclear system" according to Air Force Secretary Michael Wynne. Wynne said the shipment was supposed to be helicopter batteries and is being investigated.
According to the joint Sino-USA communique of 1982:
"... the United States Government states that it does not seek to carry out a long-term policy of arms sales to Taiwan, that its arms sales to Taiwan will not exceed, either in qualitative or in quantitative terms, the level of those supplied in recent years since the establishment of diplomatic relations between the United States and China, and that it intends to reduce gradually its sales of arms to Taiwan, leading over a period of time to a final resolution."
It is time for the United States to live up to its agreements and honor the 1982 communique. The people of Taiwan spoke last weekend in a popular election and chose to move away from confrontation with Beijing. Unless it changes its actions and begins to honor its actual policy, the USA will act as provacateur and risk a nuclear standoff.
Labels: arms sales, china policy, minuteman, nuclear missles, pentagon, taiwan
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