Thursday, March 23, 2017

Coal Power Plants Frozen in India and China - Japan is the Odd Man Out

As the Japanese government looks to expand coal's share over the next 15 years (and reduce gas), Japan looks increasingly like a global outlier. Of course, even with President Trump's cheerleading for coal, it is not likely any new coal plants will be built in the U.S.A.  And China and India have recently "frozen" construction of over 100 new plants, according to the Financial Times.

The global pipeline for new coal power plants is shrinking dramatically, giving hope that at least the COP21 Paris climate commitments can be met.

Of course, as the article also notes, Japan has lots of new coal plants on the drawing board. And Vietnam and Indonesia continue to push development/construction of new coal plants. Who is supplying, financing and building those plants?

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