China Set to Boost Coal Dependence ...Middle East

OILPRICE - Economy
China Set to Boost Coal Dependence
source : OILPRICE ( Middle East ) () 49
China is going to boost coal production and power generation despite plans to boost its wind and solar capacity as well, signaling hydrocarbons remain an essential source of reliable electricity. In a report released today and quoted by Reuters, the Chinese authorities also said they were going to change the pricing mechanism for electricity generated by wind and solar installations. The report comes out after the news broke that subsidies for wind and solar are going to be reduced. “China will actively and prudently work towards peaking…

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