03/05/17 04:48 PM ESTBy Brian SpegeleDozens of plants to shut in pivot toward greener energyBEIJING -- China's government pledged to dramatically slow a coal-power building binge that is threatening its environment, saying Sunday it would shut down dozens of coal-power plants and stop some new construction. In his annual report delivered Sunday, Premier Li Keqiang said China would eliminate more than 50 gigawatts of coal-power capacity -- equivalent to more than the entire capacity of South Africa -- through the new measures. Additionally, he said China would eliminate more than 150 million metric tons of coal capacity this year, after cutting 290 million metric tons last year. Taken together, the figures help illustrate efforts under way in China to wean itself off a heavy reliance on coal for power and industry -- a key source of pollution afflicting many cities -- and shift the economy to cleaner sources of energy. -Brian Spegele ; 415-439-6400; AskNewswires@dowjones.com(END) Dow Jones Newswires03-05-17 1648ETCopyright (c) 2017 Dow Jones & Company, Inc.

Source: Wall Street Journal March 05, 2017 22:46 UTC