China, India, Indonesia, Japan and Vietnam plan to build more than 600 coal power units … enough to power the UK more than three times over – despite calls from climate experts at the UN for all new coal plants to be cancelled. …
Catharina Hillenbrand von der Neyen, the author of the report, said: “These last bastions of coal power are swimming against the tide, when renewables offer a cheaper solution that supports global climate targets.
China is the world’s leading coal investor, with plans to increase its existing 1,100-gigawatt fleet of coal-fired power plants by another 187 gigawatts, according to the report. Carbon Tracker claims that solar and windfarms could already generate cheaper electricity than more than 85% of the country’s existing coal plants, and that by 2024 renewable energy will be able to outcompete all coal-fired power.
It’s always a bad sign when the Commie chef won’t eat his own food.