Coal crunch: Asia faces winter of discontent 13.10.2021

Deutsche Welle | Oct 13, 2021 at 2:00 AM
  • As winter approaches, the skyrocketing price of oil, gas and coal has left governments across Asia scrambling to contain a huge energy crisis.
  • To meet its commitment to become carbon-neutral by 2060, China would need to cut demand for coal by more than 80%, a target that seems far-fetched as production is growing.
  • Biswas from IHS Markit expects coal to “remain the backbone of the power generation capacity in some of the largest Asian economies, notably China, India and Indonesia” for some time, and estimates the transition to cleaner energies will only take place in the “medium term.”