China alone accounts for half of the global coal consumption, far more than any other country
in the city hall of San Carlos, on the island of Negros in the Philippines, lays out the local government’s ambitions. It wants San Carlos to be “a model green city”, “a renewable energy hub for Asia” and “a sustainable tourism destination”. But the local officials sitting directly beneath the sign are keen to talk about something else: why a plan to build a coal-fired power plant nearby is an excellent idea.
This is the result of a sustained and multifaceted official campaign to clean up China’s energy generation. There has been huge investment in renewables, leaving China with a third of the world’s wind turbines and a quarter of its solar panels, according to the. In 2013 a national plan on air pollution gave Beijing, the capital, five years to reduce its coal consumption by half, among other measures. And in 2017 the government introduced a national carbon-trading scheme.
South-East Asia has seen a similar shift in prices. The government of Vietnam projects that demand for coal will more than double by 2030. But Matt Gray of Carbon Tracker, a British think-tank, argues that, if the cost of building solar- and wind-farms keeps falling , they should be cheaper than new coal plants as soon as next year. “The economics are there and this is what I think Asia is going to wake up to,” says an investor in Vietnamese wind farms.
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