• 3 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 5 minutes Could Tesla Buy GM?
  • 11 minutes Global Economy-Bad Days Are coming
  • 17 minutes Venezuela continues to sink in misery
  • 7 hours OPEC Cuts Deep to Save Cartel
  • 7 hours What will the future hold for nations dependent on high oil prices.
  • 1 day End of EV Subsidies?
  • 2 hours Price Decline in Chinese Solar Panels
  • 13 hours Congrats: 4 journalists and a newspaper are Time’s Person of the Year
  • 14 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 10 hours USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 23 hours Permian Suicide
  • 1 day GOODBYE FOREIGN OIL DEPENDENCE!!
  • 1 day Asian stocks down
  • 1 day IT IS FINISHED. OPEC Victorious
  • 1 day Maersk's COO statment.
Are Russia’s Natural Gas Goals Too Ambitious?

Are Russia’s Natural Gas Goals Too Ambitious?

Years ago, Russian President Vladimir…

Former Venezuelan General Takes Helm Of OPEC

Former Venezuelan General Takes Helm Of OPEC

Ex-general Manuel Quevedo, Venezuela’s current…

China Can’t Quit Coal

Despite enacting recent ambitious clean energy targets, coal will likely remain a central pillar of the Chinese energy economy for years to come, according to a new report from research and consulting company Wood Mackenzie.

China is in the midst of a massive build out of all types of energy in an effort to diversify away from coal, acting with an urgency brought on after smog in and around major cities reached crisis levels. The country currently depends on coal for nearly three-quarters of its electricity generation, but the central government has ambitious plans to build large nuclear, natural gas, and renewable energy capacity to clean up the air.

But the new report finds that the nuclear goals, in particular, could fall short. China is aiming to reach 200 gigawatts of nuclear capacity by 2030, up from 14.6 gigawatts currently, but technology constraints, a lack of infrastructure, and public opposition will limit the expansion of nuclear power. The report estimates that China may only reach 175 gigawatts of nuclear by 2030.

Related Article: China to Ban High Sulfur Coal Imports

That would still be enough to position China as the largest generator of nuclear energy in the world, with its share of global nuclear capacity jumping from 4.5 percent to 30 percent by 2030.

Nevertheless, with the Chinese economy still growing rapidly, coal will be hard to displace. Even with all the new clean energy generation planned, China will continue to build new coal-fired capacity. Coal’s share of the electricity sector only drops from 75 percent today down to 64 percent by 2030, under the projected scenario.

But the growth rate of China’s coal consumption could be nearing a peak, which would offer hope that cleaner energy could begin to cut into its share. Moreover, it remains to be seen if China’s newly declared “war on pollution” and subsequent upgrade of environmental regulation will significantly alter the trajectory of the coal sector.

By Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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