The Fort Worth Press - China expected to hit peak coal consumption in 2025: report

USD -
AED 3.672502
AFN 64.000041
ALL 81.500312
AMD 360.2992
ANG 1.789785
AOA 918.000231
ARS 1538.519772
AUD 1.422951
AWG 1.8025
AZN 1.701509
BAM 1.755348
BBD 2.014118
BDT 124.150744
BGN 1.747831
BHD 0.37735
BIF 3000
BMD 1
BND 1.281553
BOB 11.995315
BRL 5.393101
BSD 1.000013
BTN 95.207367
BWP 13.822349
BYN 2.947868
BYR 19600
BZD 2.01121
CAD 1.395805
CDF 2315.000024
CHF 0.82107
CLF 0.025084
CLP 990.470581
CNY 6.661098
CNH 6.650785
COP 3178.96
CRC 454.76167
CUC 1
CUP 24.000287
CVE 99.195038
CZK 21.7499
DJF 177.720076
DKK 6.678065
DOP 60.650082
DZD 135.675976
EGP 56.0038
ERN 15
ETB 161.150317
EUR 0.89355
FJD 2.24025
FKP 0.747647
GBP 0.744895
GEL 2.599286
GGP 0.747647
GHS 11.649983
GIP 0.747647
GMD 73.999906
GNF 8799.999654
GTQ 7.645879
GYD 209.614159
HKD 7.845325
HNL 26.999829
HRK 6.76901
HTG 131.054259
HUF 326.981499
IDR 18139.15
ILS 3.12505
IMP 0.747647
INR 94.97085
IQD 1514
IRR 1868415.000297
ISK 121.499098
JEP 0.747647
JMD 158.760361
JOD 0.708993
JPY 157.105501
KES 129.950238
KGS 87.448698
KHR 4073.000466
KMF 440.999836
KPW 899.999961
KRW 1334.219869
KWD 0.31098
KYD 0.833326
KZT 453.3167
LAK 22535.000558
LBP 89549.999892
LKR 332.450795
LRD 170.450274
LSL 16.630086
LTL 2.95274
LVL 0.60489
LYD 6.425006
MAD 9.833501
MDL 18.045072
MGA 4595.000132
MKD 55.021155
MMK 2099.909661
MNT 3597.883233
MOP 8.082337
MRU 40.239982
MUR 47.289969
MVR 15.450396
MWK 1736.000168
MXN 18.875204
MYR 4.056963
MZN 63.909948
NAD 16.630024
NGN 1346.380243
NIO 36.810259
NOK 9.217305
NPR 152.332146
NZD 1.772245
OMR 0.384501
PAB 1.000013
PEN 3.460017
PGK 4.49025
PHP 63.67504
PKR 276.600474
PLN 3.93192
PYG 5858.938516
QAR 3.645499
RON 4.772026
RSD 105.012003
RUB 80.649626
RWF 1475
SAR 3.7541
SBD 8.058206
SCR 13.742183
SDG 601.500517
SEK 9.809045
SGD 1.27776
SHP 0.748335
SLE 22.900107
SLL 20969.504398
SOS 571.501218
SRD 37.644503
STD 20697.981008
STN 22.3
SVC 8.749697
SYP 13001.999685
SZL 16.630353
THB 33.716499
TJS 9.190174
TMT 3.5
TND 3.020699
TOP 2.40776
TRY 49.947455
TTD 6.779691
TWD 32.599499
TZS 2648.258019
UAH 45.55389
UGX 4360.137679
UYU 40.22581
UZS 11994.999742
VES 887.479804
VND 25803.5
VUV 119.217464
WST 2.773901
XAF 586.130493
XAG 0.01996
XAU 0.000252138131
XCD 2.70255
XCG 1.802288
XDR 0.707052
XOF 586.130493
XPF 107.303848
YER 236.196986
ZAR 16.66562
ZMK 9001.197294
ZMW 20.200416
ZWL 321.999592
SSP 5745.199062
MXV 2.127338
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

China expected to hit peak coal consumption in 2025: report
China expected to hit peak coal consumption in 2025: report / Photo: © AFP/File

China expected to hit peak coal consumption in 2025: report

China's coal consumption could peak by 2025 as the world's top consumer of the fossil fuel ramps up its push for clean energy, a report published on Wednesday said.

Text size:

The country -- the largest greenhouse gas emitter -- remains heavily reliant on coal despite installing renewable energy capacity at record speed.

But while coal remains king in China's energy mix, there are signs the world's second-biggest economy may be weaning itself off the fossil fuel.

Coal power permits fell 83 percent in the first half of this year, and no new coal-based steelmaking projects were approved in the same period.

And 52 percent of experts surveyed for a report by think tanks Centre for Research on Energy and Clean Air (CREA), based in Finland, and the International Society for Energy Transition Studies (ISETS), based in Australia, expect China's coal consumption to peak next year.

The percentage of experts surveyed this year who believe that China's coal consumption has already hit its maximum have also more than doubled this year from last year.

"Achieving carbon neutrality in a rapidly growing economy like China is no easy feat, but the country's substantial efforts are starting to bear fruit," ISETS' president Xunpeng Shi said.

Significantly more experts also think that carbon dioxide emissions in the country have already peaked or will top out by 2025, according to the study.

- Hitting targets -

Experts have become increasingly optimistic that China will be able to wean itself of polluting greenhouse gases in recent years, with breakneck installation helping Beijing hit its wind and solar energy capacity targets six years ahead of schedule.

Despite this, there is still "little clarity on China's emissions pathway", Lauri Myllyvirta, lead analyst at CREA said.

This leaves open the possibility of emissions increasing until 2030 and "very slow" reductions after that, he added.

China's demand for coal also still jumped last year, driving a global increase.

Coal-fired power generation is projected to grow again this year in China, albeit at the lowest rate in almost a decade, according to the International Energy Agency.

Energy consumption growth is also continuing to outpace GDP growth and is "faster than in the transition pathways aligned with the Paris Agreement", said the CREA report.

"China will need to either speed up renewable energy deployment even further or guide economic development in a less energy-intensive direction," Myllyvirta said.

China aims to peak its planet-warming emissions by 2030 and reach net zero three decades later.

The 2015 Paris Agreement requires countries to submit increasingly deep emission cutting plans every five years, known as Nationally Determined Contributions (NDCs). China is due to submit its updated NDC by February next year.

According to an earlier CREA report, China must set a "strong but achievable target of reducing emissions by at least 30 percent" by 2035.

In November, officials voted to pass an energy law, saying it would "actively and steadily promote carbon peaking and carbon neutrality".

C.Dean--TFWP