Reuters: Chinese power giant Huaneng will launch its second pilot carbon capture project in Shanghai at the end of this year, but high costs are holding back further progress, an executive with the company said. “It is very, very expensive,” said Jiang Minhua, director general of Huaneng’s science and technology department. China’s coal-dominated power generation capacity has been soaring by 70 gigawatts a year and its CO2 emissions are now thought to be the highest in the world. …