China speeding up approvals for new coal plants

China speeding up approvals for new coal plants

In the first quarter of 2022, Chinese regulators gave the green light to coal plants with a total capacity of 8.63 gigawatts. That is nearly half of the entire coal-fired capacity approved last year.

China relies on coal for around 60% of its electricity, and has asked domestic miners to increase capacity by 300 million tons this year.

The State Council, China’s cabinet, in May announced 10 billion yuan ($1.5 billion) of investment in coal power generation.