World needs coal to cover demand: Vattenfall CEO

Freiburg (Platts)--11Apr2007

Global power demand cannot be met without continued use of coal, the
chairman of Swedish utility Vattenfall said in an interview with German weekly
newspaper "Die Zeit", to be published Thursday.
Lars Josefsson said the way forward was to support the development of
clean coal technology.
"We have to commercialize the clean coal-fired power plant as soon as
possible and make it available to global generators," he said.
Josefsson, who acts as an energy advisor to the German government under
Chancellor Angela Merkel, said the G8 summit in Heiligendamm in June could be
the breakthrough.
The Swedish manager said common research initiates between US and Europe
for clean coal units could unit differing views on climate change. There is no
alternative to CO2 sequestration and underground storage of CO2, he added.
"If that doesn't work, we have a real problem. Then we would have to
build the dams higher," he told the newspaper.