China is Losing its Appetite for Coal-Fired Power Plants
Sep 28, 2016 7:20 AM ET
Campaign:
Bloomberg: Sustainable Finance
Originally posted by Mashable.
China is the world's top emitter of carbon dioxide and the world's largest user and producer of coal. Any step the nation takes to reduce its fossil fuel consumption would translate into significant cuts in global greenhouse gas emissions.
China's 114 gigawatts of canceled, early-stage coal projects amounts to about 40 percent of America's total coal generating capacity of 276 gigawatts.
"That's a lot, but it's not entirely surprising," said Colleen Regan, head of North American power and environmental markets for Bloomberg New Energy Finance (BNEF), who was not involved with the CoalSwarm research.
