Energy in the 21st Century NEWS SERVICE

Here's why China’s post-COVID-19 stimulus must reject costly coal power

E21NS  E21NS  E21NS  E21NS  E21NS March 20, 2020 World Economic Forum | China | renewables: prices

E21NS

With 70% of coal power more expensive than new onshore wind or utility-scale solar PV, Carbon Tracker recommends a renewed push to renewable power. China should cancel 100 GW of coal plant construction and 100 GW more in planning. At $158 billion and 23 billion tons of CO2 in an oversupplied market, coal is a significant stranded-asset risk.

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