Carbon Tracker

China On Verge Of Wasting $490 Billion On Unnecessary Coal Plants, Says Carbon Tracker

China is at risk of wasting a whopping $490 billion on new coal plants it doesn’t need under the country’s 13th Five Year Plan, as slower power demand growth, structural changes to the country’s economy, increased non-coal capacity targets, and carbon pricing all combine to slash coal-fired generation, according to a new analysis from Carbon Tracker Initiative.