US highlights China coal consumption
Capacity additions continue despite falling demand and accelerating renewables rollout
US climate envoy John Kerry’s reprimand of China earlier this month renewed focus on the nation’s continued investment in coal-fired power. China remains the top consumer of coal, accounting for 82.3EJ of a global total of 141.2EJ, according to BP data. But the country’s energy mix is changing as the government starts to retire some coal-fired generation in addition to building new capacity. “We used to have a saying that China is building a new coal plant every week and, unfortunately, that is still true. But perhaps the greater truth is that China is building one new idle coal plant per week,” says Tim Buckley of research body the Institute for Energy Economics and Financial Analysis, noti
Also in this section
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation