China’s pledge to end overseas coal financing will impact 44 coal plants totalling 42,220 megawatts (MW) of capacity, according to Global Energy Monitor’s (GEM) updated Global Coal Public Finance Tracker.
This will lead to cumulative lifetime savings of $130 billion and reduce yearly global coal demand growth by 30 million tonnes, adding up to 1,100 million tonnes over the lifetime of the plants.
GEM’s newly updated coal public financing map depicts what is now at stake for the future of proposed coal plants outside of China as Beijing deliberates the precise terms of its pledge to stop building new coal plants abroad.
