CM – Asian Coal Power Plant Propulsion Endangers Climate Goals: Report

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June 30, 2021

by Sam Reeves

Five Asian countries are responsible for 80 percent of the world’s planned new coal-fired power plants whose projects threaten the goals of combating the climate crisis, warned a report on Wednesday.

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China, India, Indonesia, Japan and Vietnam are planning to build more than 600 coal-fired power plants, said the think tank Carbon Tracker.

The stations will be able to generate a total of 300 gigawatts of energy – roughly equivalent to Japan’s total power generation capacity.

The projects will continue despite the availability of cheap renewable energies and threaten efforts to achieve the Paris Agreement goal of limiting warming to 1.5 degrees Celsius, the study says.

« This The last bastions of coal power swim against the current when renewable energies offer a cheaper solution that supports global climate goals, « said Catharina Hillenbrand Von Der Neyen, Head of Research at Carbon Tracker.

Experts see the exit from coal, which will help Greenhouse gas produces carbon dioxide, as the key to combating a climate crisis, the effects of which – from species extinction to uninhabitable heat – are likely to occur It will accelerate significantly.

But many countries in the Asia-Pacific region that have long relied on fossil fuels to power their booming economies have been slow to act, even as Europe and the United States accelerate their transition to cleaner energy .

The Asia-Pacific region consumed more than three quarters of the world’s coal in 2019, according to BP’s statistical review of world energy.

China, the world’s largest coal consumer and greenhouse gas emitter, tops the list of countries according to Carbon Tracker planning new coal-fired power plants.

It has 368 power plants with a capacity of 187 gigawatts in the pipeline, the think tank said – despite a promise made by President Xi Jinping that China will become carbon neutral by 2060.

India, the second largest coal consumer, is planning, according to the London think tank, which is dealing with the effects of the energy transition on the financial markets tigt, 92 plants with around 60 gigawatts of power.

Despite climate concerns, governments continue to pursue coal projects for reasons ranging from lobbying to efforts to support industry to concerns about the security of electricity supplies, the think tank said / p> But building new plants no longer makes economic sense, as renewable energies such as solar and wind power are cheaper than coal in most parts of the world.

Hillenbrand von Der Neyen urged governments to cut economic spending after To use coronavirus to “lay the foundations for a sustainable energy system”.

« Coal is neither financially nor environmentally sensible, » she said.

© 2021 AFP

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