China’s clampdown on new coal projects and a reluctance by backers to provide further funds in India are mainly responsible for last year’s drop in the amount of coal-powered generation capacity under development, environmental groups said in a report.
Greenpeace, the Sierra Club, and CoalSwarm found global pre-construction planning fell 48% and new construction starts dropped 62% last year compared with 2015, according to the report, titled “Boom and Bust 2017: Tracking The Global Coal Plant Pipeline.”
China last year imposed restrictions on further expansion of coal-power capacity amid increasingly low utilization rates at existing plants, according to the report. In India, the ministry of power said in June that the country had enough coal-fired plants to meet demand through 2019, while a draft National Energy Plan, released in December, said no further coal power capacity beyond that currently under construction will be needed until at least 2027. Read More…
Credit By : Livemint .com
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