Climate Politics
China’s $30 Billion Coal Investment May Be Wasteful Climate Risk
- New approvals accelerated in the first half, say researchers
- Chinese solar panels pile up unused in European warehouses
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Increased spending this year on coal power and steel production threatens China’s climate goals and could end up as wasted investment, according to clean air campaigners.
An acceleration in approvals in the first half of 2022, representing as much as 230 billion yuan ($32 billion) in investment, comes despite declines in coal-fired power generation and steel output, according to a report authored jointly by the Centre for Research on Energy and Clean Air and Global Energy Monitor.