Friday, 19 May 2017

WESTERN NATIONS LOSING OUT AS CHINA TAKES OVER COAL POWER PROJECTS

Read the following piece and see how we in the west are handing over control of coal and its use in power plants to China. This is a massive financial loss, all in a futile attempt to control the climate.

China’s Energy Silk Road Based On Building Coal Power Far And WideChina Dialogue, 12 May 2017

Feng Hao
 
China was involved in 240 coal power projects in 65 of the Belt and Road countries between 2001 and 2016.

Officials and leaders from over 110 countries gathered in Beijing on May 14-15 for the first ever 
Belt and Road Forum. China’s ambitious attempt to boost economic growth across a vast area stretching from its southeast coast all the way to Africa is known as the Belt and Road Initiative (BRI).

Its two parts – a 
Silk Road Economic Belt and a Maritime Silk Road – are focused on channelling enormous investment in infrastructure to connect the region and to open new markets for Chinese products, services and capital.

But the BRI is also causing concern within China and internationally because Chinese companies are investing heavily in coal power in BRI countries. The fear is that China will help lock developing countries into coal-power assets that will last decades, damage people’s health, and contribute to climate change.

 


Investments on the up
The 
Global Environment Institute (GEI) has recently carried out a long term review of China’s involvement in coal power projects in 65 countries that are now participating in the Belt and Road Initiative.

GEI’s figures show that between 2001 and 2016 China was involved in 240 coal power projects in BRI countries, with a total generating capacity of 251 gigawatts. The top five countries for Chinese involvement were India, Indonesia, Mongolia, Vietnam and Turkey.

The GEI research also found that China’s involvement in coal power projects in BRI countries, which often takes the form of contracting and equipment supply, has been increasing overall, despite large year-to-year fluctuations…

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