by Tyler Durden
China has proclaimed bold goals of net zero greenhouse gas emissions by 2060.
But if the country is to meet its climate goals, it is going to have to shut down 600 coal fired power plants and replace them with renewable energy, a new article from The Guardian points out.
A company called TransitionZero performed an analysis that the switch to renewables like wind and solar could also save $1.6 trillion over the time period, since renewables are now cheaper than coal.
China's coal consumption has long been in focus of the rest of the world. Despite its proclaimed goals, China "has ramped up plans for new coal-fired power stations in an effort to spur economic growth after the recession caused by the coronavirus pandemic," the report notes.