Target $18.72, page-7101

China permitted more coal power plants last year than any time in the last seven years, according to a new report released this week. It's the equivalent of about two new coal power plants per week. The report by energy data organizations Global Energy Monitor and the Centre for Research on Energy and Clean Air finds the country quadrupled the amount of new coal power approvals in 2022 compared to 2021.That's despite the fact that much of the world is getting off coal, says Flora Champenois, coal research analyst at Global Energy Monitor and one of the co-authors of the report.