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Chinese Authorities Attribute Power Shortage to ‘Rapid Industrial Production Growth’, No Mention of Australian Coal Boycott
As many provinces in China face power shortage, the National Development and Reform Commission (NDRC) has said in a statement that it was the result of economic recovery and a cold spell without mentioning the authorities’ boycott of Australian coal since last month, which commentators believe has exacerbated the crisis.
The Xinhua News Agency reported that power supply in Hunan and Jiangxi have been under pressure while rationing is in place in Zhejiang. The NDRC responded on 17 December that a rapid growth in industrial production and a cold spell had led to a more-than-expected increase in electricity demand. It further claimed that power supply had remained stable and residential consumption had not been affected, adding that it had been working with relevant departments and enterprises to ensure a steady electricity supply. The statement made no mention of the authorities’ earlier move to limit the import of Australian coal by such means as restricting high-priced coal purchases by power companies.
Source: Stand News #Dec19
#Australia #China #NDRC #PowerShortage #Coal #Boycott #Economy #Diplomacy
https://bit.ly/2WJZsSy
As many provinces in China face power shortage, the National Development and Reform Commission (NDRC) has said in a statement that it was the result of economic recovery and a cold spell without mentioning the authorities’ boycott of Australian coal since last month, which commentators believe has exacerbated the crisis.
The Xinhua News Agency reported that power supply in Hunan and Jiangxi have been under pressure while rationing is in place in Zhejiang. The NDRC responded on 17 December that a rapid growth in industrial production and a cold spell had led to a more-than-expected increase in electricity demand. It further claimed that power supply had remained stable and residential consumption had not been affected, adding that it had been working with relevant departments and enterprises to ensure a steady electricity supply. The statement made no mention of the authorities’ earlier move to limit the import of Australian coal by such means as restricting high-priced coal purchases by power companies.
Source: Stand News #Dec19
#Australia #China #NDRC #PowerShortage #Coal #Boycott #Economy #Diplomacy
https://bit.ly/2WJZsSy
Forwarded from 📡Guardians of Hong Kong
Australia wants China coal ban will contravene WTO rules
Canberra has asked Beijing to clarify whether it has formally banned Australian coal, warning that such a move would breach Would Trade Organization rules and harm both countries.
Due to informal trade sanctions imposed by Beijing, dozens of cargo ships carrying Australian coal stranded off the Chinese coast and was unable to unload shipments, in some cases for months.
Citi analyst Paul McTaggart said China’s decision on blocking Australian’s coal would lead to a rerouting of global supply, whereby Chinese steel producers would by more coking coal from North America and European producers would buy more Australian coal. Coal prices rose sharply in December 2020.
Source: FT #Dec15
https://www.ft.com/content/2a8ebd12-b30c-4aed-8028-8b31e5e8d667
#AustraliaChina #TradeSanction #Coal
Canberra has asked Beijing to clarify whether it has formally banned Australian coal, warning that such a move would breach Would Trade Organization rules and harm both countries.
Due to informal trade sanctions imposed by Beijing, dozens of cargo ships carrying Australian coal stranded off the Chinese coast and was unable to unload shipments, in some cases for months.
Citi analyst Paul McTaggart said China’s decision on blocking Australian’s coal would lead to a rerouting of global supply, whereby Chinese steel producers would by more coking coal from North America and European producers would buy more Australian coal. Coal prices rose sharply in December 2020.
Source: FT #Dec15
https://www.ft.com/content/2a8ebd12-b30c-4aed-8028-8b31e5e8d667
#AustraliaChina #TradeSanction #Coal
Forwarded from 📡Guardians of Hong Kong
China formalises cut to Australian coal imports, state media reports
The Chinese state reported that China has formalised import restrictions targeting Australia’s $14bn coal exports and China would prioritise imports from Mongolia, Indonesia and Russia. Also, power companies will share inventory to ensure prices do not exceed 640 yuan ($97.8) per ton.
The National Development and Reform Commission met 10 major power companies on the weekend and granted approval for them to import coal without clearance restrictions, except for Australia.
Due to China’s import restrictions, at least 60 bulk carriers holding hundreds of millions tonnes of Australian coal stranded off the Chinese coast.
Source: The Guardian #Dec14
https://www.theguardian.com/australia-news/2020/dec/14/china-formalises-cut-to-australias-coal-imports-state-media-reports?CMP=Share_iOSApp_Other
#AustraliaChina #Coal #TradeRestriction #AustralianCoal
The Chinese state reported that China has formalised import restrictions targeting Australia’s $14bn coal exports and China would prioritise imports from Mongolia, Indonesia and Russia. Also, power companies will share inventory to ensure prices do not exceed 640 yuan ($97.8) per ton.
The National Development and Reform Commission met 10 major power companies on the weekend and granted approval for them to import coal without clearance restrictions, except for Australia.
Due to China’s import restrictions, at least 60 bulk carriers holding hundreds of millions tonnes of Australian coal stranded off the Chinese coast.
Source: The Guardian #Dec14
https://www.theguardian.com/australia-news/2020/dec/14/china-formalises-cut-to-australias-coal-imports-state-media-reports?CMP=Share_iOSApp_Other
#AustraliaChina #Coal #TradeRestriction #AustralianCoal
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‘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
Ft
‘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
Forwarded from 國際文宣組 IFC
Though I hate the CCP, let’s see if #China can really meet the carbon neutrality goal, and only time will tell. Really hope all the electric cars etc will help stop/slow down #globalwarming for the sake of the environment.
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#CCP #china #diyms #english #greenhousegas #coal #environment #carbonneutral
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#CCP #china #diyms #english #greenhousegas #coal #environment #carbonneutral
Forwarded from 📡Guardians of Hong Kong
#CO2 #ClimateChange #Coal
China Has Coal-fired power Capacity Three Times Higher than the Rest of the World
Source: Reuters #Feb3
Read more
⬇️⬇️⬇️
China Has Coal-fired power Capacity Three Times Higher than the Rest of the World
Source: Reuters #Feb3
Read more
⬇️⬇️⬇️
Forwarded from 📡Guardians of Hong Kong
#CO2 #ClimateChange #Coal
China Has Coal-fired power Capacity Three Times Higher than the Rest of the World
//China put 38.4 gigawatts (GW) of new coal-fired power capacity into operation in 2020, according to new international research, more than three times the amount built elsewhere around the world and potentially undermining its short-term climate goals.
The country won praise last year after Xi Jinping pledged to make the country “carbon neutral” by 2060. But regulators have since come under fire for failing to properly control the coal power sector, a major source of climate-warming greenhouse gas.
Including decommissions, China’s coal-fired fleet capacity rose by a net 29.8 GW in 2020, even as the rest of the world made cuts of 17.2 GW, according to research released by Global Energy Monitor (#GEM), a U.S. think tank, and the Helsinki-based Centre for Research on Energy and Clean Air (#CREA). //
Source: Reuters #Feb3
Read full article:
https://www.reuters.com/article/china-coal/chinas-new-coal-power-plant-capacity-in-2020-more-than-3-times-rest-of-worlds-study-idUKL4N2K81R0?edition-redirect=uk
https://twitter.com/business/status/1356983319892791297
#Environment
China Has Coal-fired power Capacity Three Times Higher than the Rest of the World
//China put 38.4 gigawatts (GW) of new coal-fired power capacity into operation in 2020, according to new international research, more than three times the amount built elsewhere around the world and potentially undermining its short-term climate goals.
The country won praise last year after Xi Jinping pledged to make the country “carbon neutral” by 2060. But regulators have since come under fire for failing to properly control the coal power sector, a major source of climate-warming greenhouse gas.
Including decommissions, China’s coal-fired fleet capacity rose by a net 29.8 GW in 2020, even as the rest of the world made cuts of 17.2 GW, according to research released by Global Energy Monitor (#GEM), a U.S. think tank, and the Helsinki-based Centre for Research on Energy and Clean Air (#CREA). //
Source: Reuters #Feb3
Read full article:
https://www.reuters.com/article/china-coal/chinas-new-coal-power-plant-capacity-in-2020-more-than-3-times-rest-of-worlds-study-idUKL4N2K81R0?edition-redirect=uk
https://twitter.com/business/status/1356983319892791297
#Environment
Reuters
China's new coal power plant capacity in 2020 more than 3 times rest of world's - study
China put 38.4 gigawatts (GW) of new coal-fired power capacity into operation in 2020, according to new international research, more than three times the amount built elsewhere around the world and potentially undermining its short-term climate goals.