China needs strong mandate to phase out coal by 2045, push clean-energy transition: experts

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Such a mandate would require structural changes to the country’s power system and economic model, according to climate expert Simon Sharpe.

Simon Sharpe, director of S-Curve Economics, a UK-based non-profit research organisation.“There needs to be an evolution of existing policies,” Sharpe said.

China had earlier announced a “phase down” of coal usage nationwide from 2026, and have 80 per cent of its total energy mix coming from non-fossil-fuel sources by 2060, the year it has targeted to become carbon neutral.

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Article Details

Author / Journalist: Yujie Xue

Category: Business

Markets: Hong KongChina

Topics: Sharpe Mandate Phase According Coal Power China 2060 Energy Carbon System

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-23 @ 07:00:14 (6 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 187 words

Reading Time: 2 minutes read

Sentences: 4 lines

Sentence Length: 47 words per sentence (average)

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Copyright Owner: © SCMP

News ID: 22645041

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