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City of London Is Very Alarmed: China Builds Coal Power Plants and Steel Mills

The City of London’s trusted scribbler, the Financial Times, attacks China, in an Aug. 13 article titled “China Puts Growth Ahead of Climate with Surge in Coal-Powered Steel Mills.” The tone of the article is, “dammit, didn’t China read the IPCC report? There’s not supposed to be growth.” [https://www.ft.com/content/c4c79efb-9a4e-4f22-a75a-6b3ea3161bf1]

The article complains, “China’s expansion of coal-powered steel mills accelerated sharply in the first half of 2021, exposing the government’s reluctance to sacrifice industry-fuelled growth to achieve its climate goals.” The Center for Research on Energy and Clean Air found, reports FT, that China announced “18 steelmaking blast furnaces and 43 coal-fired power plants … in the first half of this year.” The FT gasps over the level of CO2 emissions these plants will allegedly produce (and the growth these plants will fuel).

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