China Says Its Coal Reserves Will Last For 50 Years

OilPrice.com | Sep 21, 2022 at 1:30 PM
  • China, the world’s largest coal consumer, has domestic reserves of coal to last the next 50 years.
  • China has a target to achieve net-zero emissions by 2060 and to reach peak carbon emissions in 2030, but it has recently relied heavily on coal and continues to approve new coal capacity to meet energy demand as international energy prices soar.
  • Faced with power shortages last autumn, Chinese authorities ordered an increase in domestic coal production as global coal prices soared.