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China Coal Cap Could Strand Assets Around the World

2014-06-06 22:42:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate News Network: Analysts believe that China--the world`s largest producer and consumer of coal, accounting for almost half of global consumption--could be close to making an abrupt and drastic change of track. A report by the Carbon Tracker Initiative and the Association for Sustainable and Responsible Investment in Asia (ASrIA) says that when China`s demand for thermal coal (cheap coal burned in power stations to generate electricity) peaks, this will leave up to 40 percent of its coal-fired power generation...

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