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Beijing remains committed to opening hundreds more coal-fired power plants in the coming years, with the result that China’s new coal plants will more than offset all the closures of other coal-fired stations that have taken place in the rest of the world during the past year.
Beijing’s unwillingness to make any significant contribution to attempts at the COP26 conference to reduce global emissions has raised legitimate concerns that China is seeking to gain an economic advantage over its Western rivals as they struggle with the challenge of meeting net zero targets.
There is a growing body opinion on both sides of the Atlantic that dramatic reductions in carbon omission could wreak economic havoc for Western economies if the pursuit of “green” economies is pursued at the expense of maintaining energy supplies. In Europe, for example, the race to abandon traditional fossil fuels as a major source […]
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