Committee to Unleash Prosperity, Issue #583, 7/26/2022 …
China is doubling down on coal. The Chinese built or oversaw the construction of more than half of new coal power plants last year, even as Pres. Xi joined nearly 200 other world leaders in pledging an end to the use of coal at the latest climate summit. These global leaders are more delusional than Neville Chamberlain.
China is building more than half of the world’s new coal power plants. Some 176 gigawatts of coal capacity was under construction in 2021 and more than half of that was being built in China.
China’s coal companies have been asked to increase output by 300 million more tons this year. The country relies on coal for 60% of its electricity needs. Does it sound like China is “decarbonizing”?
