Currents - Energy Industry Insights: Issue 30, August 2020

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China's New Coal Projects Make Up 90% of Global Total for First Half of 2020: Study -

"Global coal-fired generation capacity saw a net decline of 2.9 gigawatts from January to June, the first drop on record for a six-month period, thanks to plant retirements in Europe and elsewhere."

Why this is important: While pledging to reduce CO2 emissions, China continues to build new coal-fired electric generation plants. Ninety percent of new coal-fired generation plants scheduled to be built in the world are in China – 53.2 GW of new plants are planned. (For comparison, some of the largest U.S. coal-fired generation plants are 3,000 MW.) ...

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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