China risks wasting $490bn on new coal plants, say campaigners

Carbon Tracker says many plants running at overcapacity but China reluctant to wean itself off coal, fearing unemployment and unrestChina could waste as much as half a trillion dollars on unnecessary new coal-fired power stations, a climate campaign group has said, arguing that the world’s top carbon polluter already has more than enough such facilities.
China’s rise to become the world’s second largest economy was largely powered by cheap, dirty coal. But as growth slows, the