Forwarded from 📡Guardians of Hong Kong
‘Politics come first’ as ban on Australian coal worsens China’s power cuts
Mid of December,, more than a dozen Chinese cities have imposed restrictions on electricity use as growing demand for energy owing to the country’s post-coronavirus economic recovery collides head on with a shortage of thermal coal. The shortage underscores the dilemma Chinese authorities face in balancing their muscular approach to international diplomacy with the needs of the economy.
Authorities in at least four Chinese provinces have recently asked residents and businesses to cut electricity consumption, according to public announcements.
“The import curb is enough to change the industry landscape,” said a director at China Huadian Corporation, one of the nation’s largest energy groups. “Many local power plants depend on Australian coal due to its higher efficiency and now they are having trouble finding an alternative.”
Source: Financial Times #Dec23
https://www.ft.com/content/e83fffeb-3ef2-4b67-8989-6d17f153d8d4
#AustraliaChina #Coal #ElecricityChina
Mid of December,, more than a dozen Chinese cities have imposed restrictions on electricity use as growing demand for energy owing to the country’s post-coronavirus economic recovery collides head on with a shortage of thermal coal. The shortage underscores the dilemma Chinese authorities face in balancing their muscular approach to international diplomacy with the needs of the economy.
Authorities in at least four Chinese provinces have recently asked residents and businesses to cut electricity consumption, according to public announcements.
“The import curb is enough to change the industry landscape,” said a director at China Huadian Corporation, one of the nation’s largest energy groups. “Many local power plants depend on Australian coal due to its higher efficiency and now they are having trouble finding an alternative.”
Source: Financial Times #Dec23
https://www.ft.com/content/e83fffeb-3ef2-4b67-8989-6d17f153d8d4
#AustraliaChina #Coal #ElecricityChina
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‘Politics come first’ as ban on Australian coal worsens China’s power cuts
Factories and street lights shut down to save energy as embargo contributes to shortages