tirsdag 23. april 2019

China Adds Coal Capacity Despite Pledge to Cut

After years of cutting overcapacity in the coal industry, China appears to be reversing course, raising environmental concerns as the government spurs economic growth. On March 26, Reuters reported that China added 194 million metric tons of coal production capacity last year, citing a statement by the National Energy Administration (NEA). The expansion came despite Premier Li Keqiang's pledge to "get rid of" 150 million tons of capacity in 2018, announced in his work report to national legislators in March of last year. Li said nothing about adding new capacity to offset the cuts.