China Deepens Its Dependence on Coal by Speeding up Approvals
- Greenpeace says over-reliance on the fuel is a mistake
- Government stimulus fails to revive the property sector
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China has been speeding up approvals for new coal-fired power plants amid increasing risks of electricity shortages, according to research from Greenpeace.
Adding generation capacity for its mainstay fuel has been a tried-and-true strategy for China during its rapid economic rise over the past three decades. The pace of new approvals quickened in late 2021 and early this year after power shortages crippled the economy in the fall.