July 26, 2021 Read More →

China expands financial influence, backs mores than half of world’s coal power pipelines

Renew Economy: 

A review of coal power proposals in countries with large remaining project pipelines indicates that 56% of the total capacity of these proposals is being supported by China.

Historically just one of the major providers of finance to overseas coal power projects, China has more recently looked increasingly isolated as other nations and financial institutions continue to withdraw from coal.

A recent study on coal finance found that China was the last remaining public financier for coal plants overseas.

It also found that Chinese finance was involved in only 13% of coal-fired power capacity under development or operational outside of China over the 2013 to 2019 period.

[ Simon Nicholas ] 

More: China is backing more than half of world’s remaining coal power pipelines 

Posted in: IEEFA In the News

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