US EditionChina’s Coal Plateau Masks Deeper Shift in Power Market Control
2 Articles
2 Articles
China’s Coal Plateau Masks Deeper Shift in Power Market Control
By: Tim DaissPhoto from BloombergNew data from the International Energy Agency (IEA) suggests that global coal demand has reached a plateau and could begin edging lower by 2030, driven by rising competition from renewables, natural gas, and nuclear power. Nowhere is that conclusion more politically sensitive nor more easily misunderstood than in China, the world’s largest coal consumer and producer.At first glance, China appears to defy the narr…
China has become the world's largest driver of renewable energy, with an unprecedented deployment. However, coal remains key to ensuring the stability of its electricity system and is also a huge source of jobs that will not be easy to dismantle. Ten years after the Paris Agreement, China has become a kind of energy paradox that is hard to ignore. On the one hand, it is the largest emitter of CO2 on the planet. On the other, it is also the world…
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