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The study looked at the costs, or savings, that the Chinese government would incur if it replaced its existing coal-fired power plants with zero-carbon alternatives. What we found is China could save $1.6 trillion by doing that, said Matthew Gray, co-CEO of TransitionZero, a London-based firm. There s a huge economic incentive for China to get off coal, he told CNBC s Capital Connection on Thursday. China has great deal of work to do China last year pledged to bring its total greenhouse emissions to a peak by 2030 and achieve net-zero emissions by 2060. Gray said that will require an orderly transition but that s something that we re not seeing at the moment, he pointed out. Coal accounted for 56.8% of China s energy consumption in 2020, according to official national data.

City ofUnited kingdomMatthew grayCoal miningRenewable energyநகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்மேத்யூ சாம்பல்