14 coal plants come online after China vows to pull foreign aid | OilPrice.com

A total of 14 Chinese-backed coal-fired plants have been put into operation worldwide, mainly in Asia, since China pledged to end its support for overseas coal capacity building last year. New report It showed from the Center for Energy and Clean Air Research (CREA).

In September last year, Chinese President Xi Jinping China spoke at the UN General Assembly in 2021. It stops building New coal power plants abroad.

“China will strengthen its support for other developing countries to develop green and low-carbon energy, and will not build new coal-fired power plants abroad,” Xi said, without specifying what would happen to coal plants under construction or planning.

At the time of the announcement, 104 coal-fired power plants totaling 102 gigawatts (GW) were planned, proposed or under construction in 26 countries under Chinese financing or engineering, procurement and construction (EPC) agreements. Asia’s People for Climate Solutions, the report said.

While more than 13 percent of these projects have been completed, China is likely to phase out new coal and remove more carbon emissions from the pipeline, the companies said.

However, it is now too late for the 7.6 GW or 14 plants commissioned in the last year. Another 27 plants with a capacity of 23 GW are nearing completion, and may be commissioned. A total of 26 plants have been officially cancelled, while 33 coal plants may be canceled or stopped as these projects are still in the process of obtaining financing or permits, the report said. Others, like CREA 16, can be converted to renewables.

domestically, China has paid more attention to energy security since autumn 2021 and said it will continue. Increase the use of coal While maintaining its energy security in the coming years, it has also pledged to contribute to global efforts to reduce emissions. China, the world’s largest coal consumer, has domestic reserves of coal. It will last for the next 50 yearsEarlier this week, the Ministry of Natural Resources will reveal data.

By Tsvetana Paraskova for Oilprice.com

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