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‘Critical turning point’ for coal poses risks for China’s state power firms, says report

Eco-Business LogoEco-Business16h ago

‘Critical turning point’ for coal poses risks for China’s state power firms, says report - Eco-Business

Quick Summary:

China’s state-owned enterprises (SOEs) are investing in low-carbon sources and helping push the country’s energy transition towards a "critical turning point” where coal power starts to decline, a new report finds.

Ember finds about 85 per cent of the incremental electricity demand from 1991-2000 was met by coal (black), falling to 76 per cent in the decade to 2010 and only 47 per cent in the decade to 2020.

By 2022 – the most recent data available in the report – central SOEs accounted for about 40 per cent of China’s installed solar capacity and 70 per cent of its wind capacity.


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Article Details

Author / Journalist: Wanyuan Song

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 03:00:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 1669 words

Reading Time: 10 minutes read

Sentences: 61 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 22026843

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About Eco-Business

Main Topics: EconomyBusiness

Official Website: eco-business.com

Update Frequency: 2 posts per day

Year Established: 2009

Headquarters: Singapore

News Last Updated: 16 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #100

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  • URL: https://beamstart.com/news/critical-turning-point-for-coal-17234439165654

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