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China is by far the world’s largest carbon emitter, which has been driven by its insatiable appetite for coal:
China has a significant number of new coal mines in development:
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More than 50 large coal units—individual boiler and turbine sets with generating capacity of 1 gigawatt or more—were commissioned in China in 2025, up from fewer than 20 a year over the previous decade:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.