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China scraps plans for 85 coal plants and invests 2.5 trillion yuan in renewable energy

by Futures Centre, Jan 17
1 minute read

The National Development and Reform Commission outlines plans to suspend construction of an additional 85 coal power plants as well as plans to invest 2.5 trillion yuan (around £300 billion) in renewable energy. This marks a 39% increase in investment on the previous 5 year plan, creating millions of new jobs and boosting the global market for renewable energy. The report also outlined that, by 2020, China aims to produce half of new electricity from renewable sources: wind, hydro and solar.

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