China, S. Korea and Japan fund coal plants overseas despite greener push at home
- 5 years ago
EAST ASIA — China, Japan and South Korea are expanding coal plants in developing nations despite mounting evidence that the climate continues to get worse.
A new report published by coal tracking company CoalSwarm shows that these three countries continue to fund coal plant construction in other nations such as Indonesia, Vietnam, South Africa and Bangladesh.
China, Japan and South Korea are doing this despite transitioning to renewable energy sources at home, reports CleanTechnica.
Ted Nace, Executive Director of CoalSwarm, told CleanTechnica that they build coal plants overseas to "protect their equipment manufacturers.
The report shows China has already funded at least 26 gigawatts of coal plants, which is equivalent to roughly 43 coal power plants.
Japan has financed around 20 gigawatts which is around 32 plants.
While South Korea has funded at least 8 gigawatts which is around 11 coal power plants.
China is projected to increase the financing of coal plants to 43 gigawatts, an increase of approximately 28 plants.
South Korea is also set to increase funding to 14 gigawatts, which is an increase of around 23 plants.
Meanwhile, Japan is actually projected to decrease funding by around 10 gigawatts.
A new report published by coal tracking company CoalSwarm shows that these three countries continue to fund coal plant construction in other nations such as Indonesia, Vietnam, South Africa and Bangladesh.
China, Japan and South Korea are doing this despite transitioning to renewable energy sources at home, reports CleanTechnica.
Ted Nace, Executive Director of CoalSwarm, told CleanTechnica that they build coal plants overseas to "protect their equipment manufacturers.
The report shows China has already funded at least 26 gigawatts of coal plants, which is equivalent to roughly 43 coal power plants.
Japan has financed around 20 gigawatts which is around 32 plants.
While South Korea has funded at least 8 gigawatts which is around 11 coal power plants.
China is projected to increase the financing of coal plants to 43 gigawatts, an increase of approximately 28 plants.
South Korea is also set to increase funding to 14 gigawatts, which is an increase of around 23 plants.
Meanwhile, Japan is actually projected to decrease funding by around 10 gigawatts.