Peabody Energy Chairman And CEO Delivers China Development Forum Address On
Economic, Environmental Benefits Of 21st Century Coal
ST. LOUIS, April 3, 2013
ST. LOUIS, April 3, 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 21st 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,"
The concept of 21st 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 21st 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.
"China currently stands at a defining moment," said Boyce."As unprecedented
urbanization continues, the leaders of this great nation recognize that
continued development must be matched by care in air and water quality."
"I applaud China for taking a comprehensive approach to energy policy − one
that advances energy access, economic growth and environmental protection. In
the decades ahead, China is positioned to once again lead the world in
providing the global blueprint for building a sustainable energy future built
on 21st Century Coal."
Peabody Energy is the world's largest private-sector coal company and a global
leader in sustainable mining and clean coal solutions. The company serves
metallurgical and thermal coal customers in more than 25 countries on six
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