With a domestic glut, China is bankrolling coal projects abroad — even as the rest of the world cuts back and China pledges to go carbon neutral.
An artist's rendering of the Emba Hunutlu coal plant Credit: EMBA
In Turkey, on the northeastern edge of the Mediterranean, a massive effort is underway to build a 1,320-megawatt coal power plant. The Emba Hunutlu power station, according to activists working to halt its construction, will pollute the air and destroy the habitat of a nationally protected sea turtle species. What’s more, once the project is finished, the rising price of coal might prevent it from ever becoming economically viable.
Nevertheless, three Chinese state banks — the China
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