14 million tons a day show why China and India won't quit coal
BNN Bloomberg
There’s a reason India and China defended coal’s future at the Glasgow climate summit: no nations have added more coal-fired power-plant capacity in the past decade than these two major emitters.
There’s a reason India and China defended coal’s future at the Glasgow climate summit: no nations have added more coal-fired power-plant capacity in the past decade than these two major emitters.
China and India are currently mining a combined 14 million tons a day of the dirtiest fossil fuel. Coal not only remains crucial to their current energy needs but it looks set to have a role for decades to come. That’s even as the two Asian giants install huge volumes of renewables and chase targets to zero out greenhouse gas emissions.
The global pipeline of coal power under development rose last year, the first advance since 2015, driven by a wave of proposed new facilities in China, according to Global Energy Monitor. India’s government forecasts coal plant capacity to grow to 267 gigawatts by 2030 from 208 gigawatts now.
Typically, new coal-fired plants would be expected to operate for at least 30 years, cementing the fuel’s role in the global energy mix beyond the middle of the century.
Negotiators grappled Saturday with last minute changes to the COP26 pact that reduced a call to accelerate the “phase-out” of unabated coal power to a pledge to “phase-down” use of fuel following pushback from India and China. That sparked backlash against the two nations, with COP26 President Alok Sharma saying in a BBC interview that the countries will have to explain themselves.
In a strategic election-year manoeuvre, U.S. President Joe Biden has introduced substantial tariff increases on various Chinese goods, aiming to strengthen domestic production in crucial sectors. Although the move is aimed at protecting American labour and businesses from what Biden deems unfair practices, the impact could be huge if Canada follows suit.