China New Coal Approval Cut Signals Transition Shift: Report

China’s new coal capacity approvals this year have been significantly fewer than last year’s, according to a report by the Finland-based Centre for Research on Energy and Clean Air. This signals the country's determination to bet more on wind and solar. “With new renewable energy build-outs now capable of meeting all incremental power demand in China, the need for new coal is waning, and there are signs the central government may be embracing this change,” CREA said as quoted by Reuters. A report by Greenpeace East Asia…