Is China doubling down on its coal power bubble?
An updated Greenpeace East Asia report has found that in 2015 a total of 210 new coal fired power plants were granted environmental permits, in spite of the sector’s severe overcapacity problem. Moreover, the rate at which these redundant power plants are being approved by provincial governments was dramatically higher than in 2014, despite China’s central government having sounded the alarm on overcapacity multiple times. Greenpeace reiterates its call on the government to immediately halt approvals of new coal fired power plants and cancel all existing permits.