China can save up to $1.6 trillion (£1.2 trillion) over 20 years by switching from coal power to renewables, a report says. The authors say China must close 588 coal-fired power plants in a decade to meet climate pledges – but they insist the move will save cash. That’s because renewables are now so much cheaper than coal. It mirrors the situation in the US, where coal tumbled from being the cheapest major fuel to the most expensive. China is currently running 1,058 coal plants – more than half the world’s capacity.
BBC 15th April 2021 read more »
Edie 15th April 2021 read more »