ST. LOUIS, April 2, 2013 /PRNewswire/ -- In an address to the China Development Forum Economic Summit in Beijing, Peabody Energy Chairman and CEO Gregory H. Boyce shared his views on how 21 st Century Coal can advance China's energy, economic and environmental objectives.
"As China's unprecedented urbanization continues, coal provides the holistic path that the nation needs to provide abundant, affordable energy that drives social and economic progress while meeting the nation's environmental goals," said Boyce.
The concept of 21 st Century Coal was introduced by the governments of China and the United States in 2009 to advance the development of clean energy solutions from coal. Requested to provide his personal insights and policy recommendations related to China's development, Boyce made three key recommendations on how China can achieve its economic and environmental objectives through greater use of 21 st Century Coal by:
- Continuing to assert its right to drive economic and social development, and the betterment of the lives of its people, through the use of the country's abundant coal resources.
- Following the model proven in the U.S. for solving urban air quality challenges, by increasing the intensity of efforts to deploy modern emissions control technology in China's coal-fueled generation fleet.
- Adopting the principles of 21st Century Coal by implementing the highest standards for worker safety, resource recovery, land restoration and water use in its mining sector.
Peabody's contribution on 21st Century Coal was included in the China Development Research Foundation's Energy & Environment Initiative, a report prepared by several multinational companies which was submitted last week to Chinese Premier Li Keqiang.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV