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HOW ‘GREEN’ CHINA FOOLED THE WORLD: NEW COAL BOOM CONTINUES

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HOW ‘GREEN’ CHINA FOOLED THE WORLD: NEW COAL BOOM CONTINUES

  • Date: 25/09/18
  • Bloomberg

The projected expansion contrasts with government announcements of cutting unwanted and inefficient mines

For all its talk about  cutting coal mining capacity, China actually plans to add more. The world’s biggest producer and user of the fuel may see net annual capacity additions of as much as 400 million tons by 2020, according to estimates from analysts including Wood Mackenzie Ltd. That’s about 10 percent of its current capacity and almost as much as Indonesia, the world’s biggest exporter, sells each year.

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