Slowing the Growth of Coal Power in China: the Role of Finance in State-Owned Enterprises Morgan Hervé-Mignucci Xueying Wang David Nelson Uday Varadarajan December 2015 A CPI Report Acknowledgements We would like to give special thanks to Fredrich Kahrl and Alvin Lin for their valuable expertise and significant contributions in reviewing this paper. We would also like to thank Gang He, Shan Li, Fei Teng, Jianliang Wang, Xuehua Zhang, and Hansong Zhu for their thoughtful insights and feedback. We extend our sincere thanks to CPI staff members Ruby Barcklay, Amira Hankin, Tom Heller, David Nelson, Elysha Rom-Povolo, Uday Varadarajan, Tim Varga, and Maggie Young, who provided guidance and support throughout the course of this project. CPI would like to thank Children’s Investment Fund Foundation, without whose generous support this project would not have been possible. Descriptors Sector Energy Finance Region Global Keywords China, coal finance, State finance, state-owned enterprises, corporate finance, coal power Related CPI Reports Slowing the Growth of Coal Power Outside China: The Role of Chinese Finance Contact Morgan Hervé-Mignucci
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[email protected] About CPI Climate Policy Initiative works to improve the most important energy and land use policies around the world, with a particular focus on finance. An independent organization supported in part by a grant from the Open Society Foundations, CPI works in places that provide the most potential for policy impact including Brazil, China, Europe, India, Indonesia, and the United States. Our work helps nations grow while addressing increasingly scarce resources and climate risk.