. Previously Beijing bankrolled more than 70 percent of the coal plants being built or planned globally, according to the Beijing-based International Institute of Green Finance.
“The mines are all closed in my area — there are no more,” Zhou Duofu bemoans, saying he used to run mines employing 500 people in Hunan province. “My area was so prosperous,” he added, but government policy meant “we had to quit.”Zhang Hongxiang / Xinhua News Agency via Getty Images Fallout from the crunch is a major worry ahead of COP26. Experts fear that the realpolitik of keeping the lights on means there’s less chance than ever of Beijing quitting coal in time. Indeed, Beijing has ordered all coal mines to operate at full capacity ahead of winter
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