Opportunity to fast-track ambitious clean energy transition, reduce air pollution and stimulate rural job growth
The companies, with a combined market capitalization of almost $91 billion at the mid-year, account for about a fifth of China’s power and emitted nearly 3% of the world’s carbon dioxide in 2017
The project has outraged activists, who say clean renewable sources are becoming ever cheaper and note that Kenya already derives much of its energy from hydro and thermal
The global trend towards the use of renewables is not denting the demand for older methods of power generation
Much of that investment has been fueled by the world's rapidly increasing demand for electricity
With around 75% of coal production now more expensive than renewables, and with the global financial industry continuing their capital flight from thermal coal, what does the future hold for new coal projects?
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