China is expected to suspend all new coal power plant development in its upcoming five-year energy plan, as supply far outstrips demand.
Current coal prices and energy tariffs mean new coal plants in China can still deliver handsome returns for investors.
In logging two new clean energy world records in 2015 – China is reshaping the global energy economy. And India is not far behind.
China has installed the largest floating PV plant atop a fishpond, located in a coal mine subsidence area.
China has officially unveiled its 13th Five-Year Plan, which will guide the country’s economic and social development from 2016 through 2020.
The world’s biggest polluter has set a target of 5 million electric and fuel cell vehicles on the road by 2020.
While electricity consumption was up just 0.3% yoy for the January-February period, coal imports fell 10.2% and coal production declined 6.4%.
China on Monday reported that its coal consumption dropped 3.7 percent between 2014 and 2015 as the country grapples with a struggling economy and urban air pollution.
Global electric vehicle numbers increased worldwide by almost 750,000 to around 1.3 million over the 2014-15 period.