China Keeps Building Coal Capacity Abroad Despite Pledge to Stop

Barchart · 10/15 01:42
China is still building coal-fired power plants abroad despite a pledge to stop financing such projects, made back in 2021. The information comes from Finland-based climate nonprofit Centre for Research on Energy and Clean Air. The way that 2021 pledge appears to have worked was through cancellations of planned coal power plant construction projects abroad. The rate of those cancellations, however, has declined since the start of this year, CREA reported today. So far in 2024, China has canceled some 5.6 GW of planned coal generation capacity abroad,…