What’s new: China is expected to consume 6% more coal by 2025 compared to last year’s level, taking it to 4.2 billion tons. The country’s coal production is also expected to increase by 5% to 4.1 billion tons over the same period, according to a report published by the China National Coal Association on Wednesday.
Zhang Hong, a spokesman for the association, told Caixin that demand for coal will remain high in the country to 2025 due to economic growth.
What’s the background: In Feb. 22, the central government released guidance on increasing the share of renewables in the country’s energy use. This means the consumption of coal will be dampened, the report said.
Contact reporter Lu Yutong (yutonglu@caixin.com) and editor Marcus Ryder (marcusrdyer@caixin.com)
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