Climate Change

China to Invest $31 Billion in ‘Clean Coal’

China’s state-run Global Times on Thursday announced the creation of a “special relending facility worth $31.6 billion to support the clean and efficient use of coal.” Chinese industry burns a titanic amount of coal, and is burning even more than usual at present to cope with a major energy crisis, to the growing displeasure of climate activists.

This picture shows the coal-powered Datang International Zhangjiakou Power Station in Zhangjiakou, one of the host cities for the 2022 Winter Olympics, in China's northern Hebei province on November 15, 2021. (Photo by GREG BAKER / AFP) (Photo by GREG BAKER/AFP via Getty Images)