China Stands Almost Alone in Expanding Its Coal Power Fleet
- Nation now accounts for 72% of the world’s future projects
- New plants could end up as expensive stranded assets
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China is zigging while the rest of the world is zagging when it comes to coal power.
Beijing rapidly accelerated plans for new coal power plants in the second half of last year, increasing its pipeline by 45% to 250 gigawatts, according to a report from London-based climate think tank E3G. Meanwhile, planned power plants in the rest of the world shrank by 10 gigawatts, leaving China accounting for 72% of the world’s future projects.