Free Trial

China Peak Carbon Timeline Must Consider Coal Supply Shortages: Premier Li

CHINA PRESS
MNI (Singapore)

China must study the timeline and roadmap for the stages of achieving peak carbon goal to incorporate the situations of power and coal supply shortages, Premier Li Keqiang told a cabinet meeting, according to Xinhua News Agency. Local authorities should be realistic and rectify the cookie-cutter way of limiting electricity usage, production or competitive carbon reduction, so as to ensure people's heating needs, stable logistical supply and steady economic growth, Li said according to Xinhua. China must develop more natural, shale and coal gases, and boost coal gas reserves, while steadily retire inefficient coal, Li said.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.