Chinese government orders mines to produce more coal again | Economie

Coal is the energy source for 60 percent of the economy of the People’s Republic of China. The West strives to become climate-neutral as quickly as possible, but Beijing doesn’t see that happen until 2060. The entire country has to deal with blackouts, among other things, which also bring businesses to a halt.

Record coal prices, government price controls and emissions targets have combined to put pressure on China’s energy supply. To make matters worse, the epidemic broke out in China at the end of 2019 and the country came into conflict with Australia over coal imports from that country. And the demand for energy in the first half of this year is greater than it was before the outbreak of Corona. A number of counties have already had to take restrictive measures to reduce energy consumption.

In August, China barely responded to the warning signals from the Intergovernmental Panel on Climate Change (IPCC), which spoke of a catastrophe for humanity. China accounts for about a third of all greenhouse gases emitted. The country has more than a thousand coal-fired power plants, which is about half of all coal-fired power plants on Earth. The People’s Republic still officially aims to be climate neutral by 2060 and counts on being at its peak in terms of CO2 emissions by 2030.