The vast majority of new coal-power plants being planned will struggle to make back their upfront costs, including all of those under construction in China, according to a new report by an independent think-tank, reported the Financial Times.
It is calculated that 92% of facilities proposed or under construction globally would cost more to build than the future cash flow they would generate, according to research from Carbon Tracker, even under a “business as usual” scenario where countries implement fewer carbon emissions restrictions and miss Paris climate accord targets.
China leads the field with plans to add 187GW of coal-power capacity to the existing supply of more than 1,000GW. India follows with 60GW in the pipeline, compared to current capacity of 248GW.
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