BEIJING: China's coal consumption will fall by just one-third by 2040, according to a report by a European consultancy published on Tuesday (Apr 23), threatening climate targets that call for phasing out much of global coal use by 2040.
A general view of a coal mine during a Huawei-organised media tour, in Yulin city, Shaanxi province, China on Apr 24, 2023. BEIJING: China 's coal consumption will fall by just one-third by 2040, according to a report by a European consultancy published on Tuesday , threatening climate targets that call for phasing out much of global coal use by 2040.
The findings underscore China's outlook on fossil fuels. In September, former climate envoy Xie Zhenhua told the COP28 climate talks that it would be"unrealistic to completely phase out fossil fuel energy". Natural gas consumption will stay part of the energy mix with consumption falling only 2 per cent from 2022 levels by 2050, the report said.
China's total energy demand, which has been growing at around 3 per cent per year, is seen decelerating through the rest of this decade. It will peak in 2030 and then fall another 20 per cent by 2050, the report found.
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