Introduction Across the world, energy investments are gradually shifting towards renewables as part of commitments to curb global warming. In this trend, China is seen as both a climate hero and a climate criminal – the country is simultaneously by far the largest investor in both renewable energy and coal power (IEA, June, 2021). As China’s global role expands, its …
Renewables make up 3/4 of Chinese energy investments at home, but only 1/4 abroad. One reason is the Chinese financial system’s preference for SOEs, which these days are looking for markets to unload excess capacity.
China to Add 300 Million Tons of Coal Capacity This Year - State Council vows to bolster energy security as coal is still king and accounts for 60% of China’s electricity generation
The largest state-owned coal mining enterprise in China, China Shenhua Energy Co., is intending to spend at least 40 percent of its annual capital expenditure on renewables by 2030, Bloomberg reported. This is in line with the Asian country’s aim to peak carbon emissions by the end of the decade. The coal mining giant itself aims to peak emissions by 2025, and achieve carbon