China's use of coal-fired power will continue to grow by around 45% from current levels by 2040, despite a huge push to transition to low-carbon sources of power, according to Xinhuanet. Although the Chinese Government has pledged to pursue cleaner coal technologies and cap the country's coal use at 4.2 billion metric tons by 2020, coal will remain its dominant source of energy for a long time. The report also notes that China is still building more than half of all new electricity capacity in Asia, with plans to add another 200 gigawatts (GW) over the next decade. China's current target is to reduce its reliance on fossil fuels by 20% by 2030, and according to the Beijing-based National Centre for Climate Change Strategy and International Cooperation, investment in non-fossil fuels and low-carbon technologies are likely to exceed $6.2tn between 2015 and 2030.
China's use of coal-fired power will continue to grow by around 45% from current levels by 2040, despite a huge push to transition to low-carbon sources of power, according to Xinhuanet. Although the Chinese Government has pledged to pursue cleaner coal technologies and cap the country's coal use at 4.2 billion metric tons by 2020, coal will remain its dominant source of energy for a long time. China Shenhua Energy Co Ltd, one of China's largest coal producers, is currently offering clean coal as part of its product range, after constructing two ultra-supercritical coal-fired power stations. China's current target is to reduce its reliance on fossil fuels by 20% by 2030, and according to the Beijing-based National Centre for Climate Change Strategy and International Cooperation, investment in non-fossil fuels and low-carbon technologies are likely to exceed $6.2tn between 2015 and 2030.