China's New Oil Giants Flourish in Xi's Clean Energy Wave
08.16.2021 - NEWS

August 16, 2021 [Bloomberg] – China continues to announce new steel mills and coal-fired power plants even as the country maps out a path to zeroing out heat-trapping emissions.

 

State-owned firms proposed 43 new coal-fired generators and 18 new blast furnaces in the first half of 2021, the Centre for Research on Energy and Clean Air said in a report Friday. If all approved and built, they would emit about 150 million tonnes of carbon dioxide a year, more than the total emissions from the Netherlands.

The project announcements highlight the at-times confusing signals emanating from Beijing as officials vacillate between aggressive measures to reduce carbon emissions and heavy industry-focused spending to maintain the economic recovery from the pandemic

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