China is the world’s largest consumer of coal.
China is the world’s largest consumer of coal.

China to Reduce Coal Capacity by 800m Tons by 2020

China to Reduce Coal Capacity by 800m Tons by 2020

China has set a target of reducing its annual coal capacity by 800 million tons, according to a government plan reported Saturday by state media.
Despite the target, Beijing expects total coal output to rise to around 3.9 billion tons by 2020, compared to 3.75 billion tons in 2015, the official Xinhua news agency said, citing a document issued by the country’s top economic planning body, AFP reported.
The plan aims to “improve coal production safety and efficiency, as well as reducing impact on the environment”, Xinhua said, suggesting that low-capacity mines were likely to be the target of closures.
The reduction in outdated capacity reflects the slowdown in demand in China. By 2020, the world’s second largest economy will burn around 4.1 billion tons compared to 3.96 billion tons last year—a very moderate growth rate.
Overall, China’s energy consumption is now growing at only 3% per year, compared to 10% a few years ago, after a sharp slowdown in economic growth.
Coal, of which China is the world’s largest consumer, remains an indispensable part of its economy, supplying 60% of its electricity.
However, Beijing must also consider the environmental impact of the fossil fuel, in a country where cities are regularly shrouded in a polluted haze that has sparked anger among the population.
The government had already promised to reduce its coal production capacity by an estimated 250 million tons this year and to reduce the share of coal in its energy mix to 62.6% by 2016.
The country also intends to modernize its coal-fired power plants by 2020 to reduce emissions of “major pollutants” by 60% and is committed to stabilizing its CO2 emissions “around 2030”.
Environmental NGOs are nonetheless cautious, worried in particular about the unbridled construction of new coal-fired power plants in China, at the rate of almost two new projects per week in 2015 alone—even though there may ultimately be little need for the extra capacity.


Short URL : https://goo.gl/mkGr6f
  1. https://goo.gl/c6Otlg
  • https://goo.gl/QBVWZH
  • https://goo.gl/SvkeZ6
  • https://goo.gl/CVGwGw
  • https://goo.gl/bWp9cQ

You can also read ...

Bithumb Hacked, $32m in Cryptocurrency Stolen
Cryptocurrencies dropped after the second South Korean...
South Africa GDP Shrinks
South African gross domestic product shrank 2.2% in the first...
Washington in March imposed tariffs of 25% on steel and 10% on aluminum, in a move mainly aimed at curbing imports from China.
Russia said on Tuesday it would impose import duties on US...
Saudi Arabia, which employs about two-thirds of its citizens, is chipping away at a budget deficit that ballooned to almost 16% of GDP after the oil shock of 2014, while FDI slumped more than 80% last year.
Show up, swipe in. The routine is familiar to office workers...
Taxes in Italy Drive Economy Underground
Italy grew rapidly over the 20th century, and its black market...
European businesses say it has become harder to do  business in China over the past year.
European companies complain they still face a tough business...
Australian Telecom Co. to Axe 8,000 Jobs
Australia’s dominant telecommunications company Telstra...
South Korea to Grow 3 Percent
The Organization for Economic Cooperation and Development has...

Add new comment

Read our comment policy before posting your viewpoints