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📊🇨🇳NEW REPORT
In 2022, #coal use for power & #steel production in #China has dropped. The target to peak #CO2emissions means it must fall more, yet investments in coal power & coal-based steel plants have increased.
Our new report w/@GlobalEnergyMon looks at what's happening.
In 2022, #coal use for power & #steel production in #China has dropped. The target to peak #CO2emissions means it must fall more, yet investments in coal power & coal-based steel plants have increased.
Our new report w/@GlobalEnergyMon looks at what's happening.
In the first half of 2022, China’s local governments approved 28 new coal-power units, with 15 gigawatts of capacity, while Chinese steel firms announced 16 new coal-based steelmaking projects in the same period, the most since 2019, with a capacity of 30 million tonnes/year.
Steel emissions are due to peak by 2025. Emissions are falling now & there is little scope for them to increase before the peaking deadline. The steel emission peak target also means China can't use the infrastructure & construction push it used for previous economic slowdowns.
