Asia Pulse reports:
China will accelerate the use of new-energy sources such as nuclear energy and put an end to blind expansion in industries such as solar energy and wind power in 2012, Chinese Premier Wen Jiabao says in a government report published on March 5.
China will instead develop nuclear power in 2012, actively develop hydroelectric power, tackle key problems more quickly in the exploration and development of shale gas, and increase the share of new energy and renewable energy in total energy consumption…
With this attitude, the Chinese have a bright future. It makes sense to go with hydro, nukes and thermal generation. They work 24/7. Solar goes to sleep at night, and wind generation works only when the wind blows. Don’t tell the liberals; it will only confuse them.
That should free up a lot more rare earth resources for use in *productive* industries, such as cell phone manufacturing.