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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.
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Free AccessMNI BRIEF: China To Limit Coal, Build New Power Network - NDRC
China will strictly control growth in coal consumption and the efficiency of its use as policymakers target a peak in carbon emissions, Zhao Chenxin, deputy director at the National Development and Reform Commission told the Boao Forum for Asia on Wednesday.
The senior official at China’s macroeconomic planer said the building of a new power system was needed to “lay a solid foundation for energy security”. China plans to boost renewable energy through large-scale wind and solar photovoltaic power, with 450 million kilowatts located in the desert. The green and low-carbon transition is a robust driver for economic growth, he said.
However, China faces a challenge to meet its peak emissions goal at a time when European countries have restarted coal power last year due to energy shortages, while wind power and photovoltaic power are not stable, he said.
To read the full story
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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.