LONDON — Five Asian countries are responsible for 80% of new coal power plants planned around the world, the Carbon Tracker group said on Wednesday, saying most would prove uneconomical and the new plants would put international climate goals out of reach.
China, India, Indonesia, Japan and Vietnam plan to build more than 600 new coal-fired power projects, with a combined capacity of more than 300 gigawatts.
Coal use has declined in Europe, the United States and elsewhere, with governments under pressure to cut carbon emissions and keep the global average temperature rise below two degrees Celsius this century. Many investors no longer finance coal. But some emerging…
Keep on reading: Asia’s new coal plant plans jeopardize climate targets, report says