Environmental groups have called on China to stop financing coal-fired power entirely and to use the funds to invest in cleaner forms of energy. - Reuters
SHANGHAI (Reuters): More China-invested overseas coal-fired power capacity was cancelled than commissioned since 2017, research showed on Wednesday, highlighting the obstacles facing the industry as countries work to reduce carbon emissions.
The Centre for Research on Energy and Clean Air (CREA) said that the amount of capacity shelved or cancelled since 2017 was 4.5 times higher than the amount that went into construction over the period.
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