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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At Singapore’s TOKEN 2049 conference, the Trump family and stablecoins stole the spotlight while China stayed on the sidelines. Can the Chinese Communist Party afford to ignore the crypto world that Chinese entrepreneurs have done so much to help build?
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