• 4 minutes U.S. Shale Output may Start Dropping Next Year
  • 8 minutes Read: OPEC WILL KILL US SHALE
  • 12 minutes Tidal Power Closer to Commercialisation
  • 16 minutes Washington Eyes Crackdown On OPEC
  • 2 hours Why U.S. Growers Are Betting The Farm On Soybeans Amid China Trade War
  • 2 hours Trump to Make Allies Pay More to Host US Bases
  • 4 hours BATTLE ROYAL: Law of "Supply and Demand". vs. OPEC/Saudi Oil Cartel
  • 2 hours US-backed coup in Venezuela not so smooth
  • 14 hours Solar to Become World's Largest Power Source by 2050
  • 1 day Sounds Familiar: Netanyahu Tells Arab Citizens They’re Not Real Israelis
  • 4 hours Biomass, Ethanol No Longer Green
  • 21 hours THE DEATH OF FOSSIL FUEL MARKETS
  • 1 day Can OPEC CUT PRODUCTION FOREVER?
  • 1 day Boeing Faces Safety Questions After Second 737 Crash In Five Months
  • 1 day this is why Climate Friendly Agendas Tread Water
  • 19 hours Exxon Aims For $15-a-Barrel Costs In Giant Permian Operation

Breaking News:

Tesla Wants To Enter India Soon

MINING.com

MINING.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

More Info

Trending Discussions

China Aggressively Cuts Coal Supply

China, the world’s largest coal consumer and producer, is not giving up on its long-term plans of reducing the share of coal in its overall energy mix and consequent smog and greenhouse gas emissions.

Cutbacks will be focused on smaller mines in north and east China, the National Development and Reform Commission (NDRC) said.

Despite reversing in November some of the restrictions imposed to local coal miners in early 2016 due to a spike in prices for the commodity, Beijing announced late last week it will continue to cut the capacity of its coal mines by 800 million tonnes a year until 2020.

Unveiling the plan’s details, the country’s top economic planner said the goal is to eliminate “outdated” and inefficient coal capacity every year while adding 500m tonnes of “advanced” capacity. The cutbacks will be focused on smaller mines in the north-east, the National Development and Reform Commission (NDRC), according to state-run Xinhua news agency.

Main producers, mostly based on China’s western regions such as Inner Mongolia and Xinjiang, are expected instead to boost supplies. As a result, the NDRC expects total coal output to increase to around 3.9 billion tonnes by 2020, compared to 3.75 billion tonnes in 2015. It also anticipates that the country will burn around 4.1 billion tonnes compared to 3.96 billion tonnes last year — quite a modest growth rate.

The fresh measures come on the heels of an International Energy Agency's (IEA) report that estimates China's coal use is likely to have peaked in 2013. Related: U.S. Rig Count Rises To Highest Point In 1 Year

Coal generated 84 percent of all electricity in Asia’s richest economy in 2014, but the IEA's forecasts that figure will drop down to about 54 percent in 2040.

Beijing has also made public its intention of modernizing its coal-fired power plants by 2020 in an effort to cut “polluting” emissions by 60 percent. The government also aims to add over 20 million kilowatts of installed wind power and more than 15 million kilowatts of installed photovoltaic power by the end of the decade.

By Mining.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment
  • Ronald C Wagner on January 08 2017 said:
    That is not an ambitious goal, and they should be going all out toward importing LNG, and switching transportation to using it.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News