Wave of permits for coal-fired power plants sparks concern as ambitions for GDP growth and lowering emissions come into conflict
China’s energy policies are fast creating a type of “emissions ambiguity”, as the twin goals of boosting GDP growth and reducing carbon emissions come into conflict.
The calculations matter as China emits more than a quarter of global emissions, roughly twice as much as the next largest, the US., and President Xi Jinping has also promised to reduce coal consumption by the 2026-30 period, but has not said when China will stop building new power plants. “China has not seen such a wave of new permits for new coal-fired power plants since the permitting frenzy of 2015, when provincial governments were given the authority to approve new projects,” the report says.
“One of the clear upshots is that China is now very significantly behind its energy and carbon intensity targets for 2025”, Myllyvirta said.
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