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China's coal consumption may rise due to language shift
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Bloomberg.com
TL;DR
TL;DR: A Bloomberg report indicates China may continue increasing coal consumption until 2030, based on a recent Communist Party statement that it will "seek a peak" in coal and oil use during the 15th Five-Year Plan (2026-2030). This new language contrasts with President Xi Jinping's prior commitment to "phase down" coal consumption by 2030.
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Key takeaways
- com report highlights a nuanced shift in the Chinese government's language regarding coal consumption, potentially enabling continued increases through the end of the decade
- The Communist Party's recent communiqué states that China will "seek a peak" in coal and oil use during its 15th Five-Year Plan (2026-2030)
- This new phrasing marks a departure from President Xi Jinping's April 2021 commitment to "phase down" coal consumption during the same period
A recent Bloomberg.com report highlights a nuanced shift in the Chinese government's language regarding coal consumption, potentially enabling continued increases through the end of the decade.
The Communist Party's recent communiqué states that China will "seek a peak" in coal and oil use during its 15th Five-Year Plan (2026-2030). This new phrasing marks a departure from President Xi Jinping's April 2021 commitment to "phase down" coal consumption during the same period.
Related Topics
Chinacoal consumptionenergy policyenvironmental regulationfossil fuels
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