In the meantime, policymakers are making clear that economic growth remains a top priority and that growth depends largely on coal power. Beijing has a GDP target of 6% this year, a level which analysts say would allow authorities to tackle long-term problems such as the country s high debt levels. China s energy structure is dominated by coal power. This is an objective reality, said Su Wei, deputy secretary-general of the National Development and Reform Commission. CNBC translated his Mandarin-language comments, which he made late last week following Xi s separate remarks at a U.S.-led global leaders climate summit. Because renewable energy (sources such as) wind and solar power are intermittent and unstable, we must rely on a stable power source, Su said. We have no other choice. For a period of time, we may need to use coal power as a point of flexible adjustment.
In the meantime, policymakers are making clear that economic growth remains a top priority and that growth depends largely on coal power. Beijing has a GDP target of 6% this year, a level which analysts say would allow authorities to tackle long-term problems such as the country s high debt levels. China s energy structure is dominated by coal power. This is an objective reality, said Su Wei, deputy secretary-general of the National Development and Reform Commission. CNBC translated his Mandarin-language comments, which he made late last week following Xi s separate remarks at a U.S.-led global leaders climate summit. Because renewable energy (sources such as) wind and solar power are intermittent and unstable, we must rely on a stable power source, Su said. We have no other choice. For a period of time, we may need to use coal power as a point of flexible adjustment.
From the Editor: Energy transition or energy collapse? [Gas in Transition]
Apr 29, 2021 2:46:pm
Summary Writing off natural gas may not be such a good idea. [Gas in Transition, Volume 1, Issue 1]
by: Karel Beckman
Posted in:
From the Editor: Energy transition or energy collapse? [Gas in Transition]
In Europe, environmental groups and policymakers increasingly see natural gas as the enemy of the energy transition, rather than as complementary to a renewables-based energy system.
Euractiv, a prominent Brussels-based news website, citing a report from the US-based environmental group Global Energy Monitor, reported on April 9 that “Europe risks €87bn in stranded fossil gas assets.”
China has no other choice but to rely on coal power for now, official says CNBC 2 hrs ago Evelyn Cheng
President Xi Jinping announced in September the country s carbon emissions would begin to decline by 2030, and reach carbon neutrality by 2060 in four decades.
In the meantime, policymakers are making clear that economic growth remains a top priority and that growth depends largely on coal power. Because renewable energy (sources such as) wind and solar power are intermittent and unstable, we must rely on a stable power source, said Su Wei, Deputy Secretary-General of the National Development and Reform Commission. We have no other choice. For a period of time, we may need to use coal power as a point of flexible adjustment.
In the meantime, policymakers are making clear that economic growth remains a top priority and that growth depends largely on coal power. Beijing has a GDP target of 6% this year, a level which analysts say would allow authorities to tackle long-term problems such as the country s high debt levels. China s energy structure is dominated by coal power. This is an objective reality, said Su Wei, deputy secretary-general of the National Development and Reform Commission. CNBC translated his Mandarin-language comments, which he made late last week following Xi s separate remarks at a U.S.-led global leaders climate summit. Because renewable energy (sources such as) wind and solar power are intermittent and unstable, we must rely on a stable power source, Su said. We have no other choice. For a period of time, we may need to use coal power as a point of flexible adjustment.