In practice, establishing a market for these permits will increase the cost of using carbon-based energy (especially electricity from coal), which will in turn reduce demand.

实际上，建立许可证市场将增加基于碳的能源成本(特别是煤电)，进而导致需求减少。

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Peabody Energy, based in St Louis and the world’s biggest private-sector coal company, launched a new offer for Australia’s Macarthur Coal.

总部在圣路易斯，世界最大的私人煤炭企业皮博迪能源公司（Peabody Energy），向澳大利亚麦克阿瑟煤炭公司(Macarthur Coal)提出新的收购报价。

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The second important structural change is the structure of energy shifted from conventional coal-based to more clean energy consumption, including natural gas, wind, solar.

第二个重要的结构性变化是能源结构将从以常规煤炭为主转向更多地消费清洁能源，包括天然气、风能、太阳能。

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Yesterday, rumors that U.K.-based miner Anglo-American may bid for U.S.-based coal-producer Walter Energy (WLT), spurred by The Times of London newspaper, resulted in a 21% jump in WLT shares.

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In fact, it is now positioned as a solution to global climate change as a replacement for fossil fuel based energy (burning coal or natural gas).

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Meanwhile, the Environmental Protection Agency would go on a regulatory binge like nothing in modern U.S. history against traditional carbon-based sources of energy, coal in particular.

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