China canceled 67% of planned overseas coal projects: Report

China has canceled 67% of overseas coal capacity planned in 2021, avoiding 61.5 gigawatts and 6.4 billion tons of CO2 emissions, per CREA-PACS report. However, private Chinese firms exploit loopholes, funding "captive coal" in Indonesia. Southeast Asia's coal demand is rising amid energy security concerns following the Russia-Ukraine and Iran war energy shocks.