Mar 172014

China’s green credit policy has failed to put a stop to the Chinese-backed Stanari lignite plant, which breaches local and European regulations. By Michelle Chan, BankTrack Chair and Friends of the Earth Economic Policy Director, 10 March 2014

On a damp winter morning, in the small eastern European town of Stanari, locals watch Chinese workers build a 300-megawatt coal power plant. For some residents, the view from the front door consists of soft, rolling hills, sleepy farms and a sprawling open pit coal mine where giant machines excavate lignite, one of the dirtiest types of coal.

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