The carbon dioxide (CO2) emissions from these Chinese-backed plants could cripple global efforts to rein in global warming caused by the burning of fossil fuels -- especially coal, analysts warn. "China is a world leader in terms of embracing the policy and investment needs to progressively decarbonise its economy," said Tim Buckley, director of energy finance studies at the Institute for Energy Economics and Financial Analysis (IEEFA). Globally, coal use accounts for 40 percent of CO2 emissions, and is on the rise after declining slightly from 2014 to 2016.
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