I guess this is one way to control the growth of coal-powered generating plants.
In April 2021, Chinese President Xi Jinping pledged to “strictly control coal-fired power generation projects” in China. Since then, government permits for new coal power plants have soared. According to analysis of Global Energy Monitor data, in the two years before Xi’s pledge, the government approved 127 plants, collectively capable of producing 54 gigawatts of coal power. In the two years after, that number rose to 182 plants, with 131 gigawatts of coal power. In short, China’s new coal power capacity has more than doubled.
This might help control it.
** Republican Sen. Bill Cassidy said he is working on legislation designed to slow climate change by reducing global emissions while combating Chinese economic strength and protecting U.S jobs that rely on fossil fuels.
“Cassidy, in remarks during a virtual event hosted by sustainable investment nonprofit Ceres, said the bill will address the nexus between facilitating economic growth in the U.S., global emissions, and national security.**
ICYMI: Cassidy Previews Bipartisan Climate-Trade Bill | U.S. Senator Bill Cassidy.
China is a member of the WTO. Do WTO rules allow their export markets to impose a carbon tax on Chinese goods?
That is an area of dispute. The EU claims it has workarounds; it will eventually end up at the WTO Appellate Body (currently the Multiparty Interim Appeal Arbitration Arrangement).
Meanwhile, India has plans to increase its own coal production by 50-60%.
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further boost it to 1.577 billion tonne by 2030. Current domestic production hovers around one billion tonne annually.