Amidst global efforts to phase out coal power by 2040, China's coal consumption is unlikely to decrease significantly by that time, according to a new report by Norwegian consultancy DNV.
Amidst global efforts to phase out coal power by 2040, China 's coal consumption is unlikely to decrease significantly by that time, according to a new report by Norwegian consultancy DNV. The report indicates that China 's coal usage, currently the world's largest, will experience a minor reduction in the next two years, followed by a one-third decline by 2040.
While natural gas will continue to play a role, particularly in sectors like manufacturing, the report suggests that China may struggle to meet its carbon neutrality target by 2060 without more aggressive decarbonization efforts. Despite forecasts indicating a peak in carbon emissions by 2026, China's total energy demand is expected to plateau by 2030 and decrease by 20% by 2050.
Coal Coal Plants Power Generation Electricity
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