China has scrapped two-thirds of its planned coal power plants abroad: report
Five years after China pledged to stop building or financing new coal-fired power plants overseas, the country’s state sector has made “significant progress” towards meeting that goal, though private projects are still being developed, according to a new report. Two-thirds of China’s overseas coal power projects planned five years ago have since been cancelled, a 61.5-gigawatt (GW) cut in…
China has reportedly cancelled two-thirds of its planned coal power projects abroad, according to a new report by the Centre for Research on Energy and Clean Air (CREA) and People of Asia for Climate Solutions (PACS). The 61.5-gigawatt (GW) cut in capacity has saved an estimated 6.4 billion tonnes of lifetime carbon dioxide emissions.
While private Chinese companies continue to develop some projects, the pace of cancellations has slowed in recent months. Indonesia remains the country with the most Chinese-linked coal projects, followed by Vietnam and Pakistan. The cancellation of these projects has allowed for the expansion of renewable energy in some regions, presenting new economic opportunities for China and its partners in the Global South.
Brief written by urgent.news from SCMP Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
