China Slows Down New Coal Power Permits Amid Renewable Energy Growth

Reported about 2 months ago

China significantly reduced new coal power project permits, issuing only 9 gigawatts in early 2024, down 83% from the previous year. This shift is attributed to the increasing capacity of renewable energy sources like wind and solar to meet electricity demands. Despite this reduction, China still has a large number of coal projects under construction, raising concerns about the impact on climate goals. Experts urge the country to cancel remaining coal projects and expedite the closure of existing plants, as reliance on coal remains a significant threat to its climate commitments.

Source: YAHOO

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