150 coal-fired power plants are under construction in the US. With carbon emission caps looming, utilities may hope that when mandatory emissions caps come the coal plants will be allowed to operate under a grandfather cause.
Meanwhile, China continues to rely on coal, leading to air pollution and environmental damage that could cost billions. At the current rate of increase, China could soon surpass the US in Carbon emissions. Currently, the US is responsible for 32% of the world's carbon emissions.
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