China shows support for its coal industry

China shows support for its coal industry

During the National People’s Congress this week, China showed support for all of its energy sources and said the world’s largest energy user will continue to protect its blue sky.

The National Energy Administration has said coal fired power plants will continue to be the primary source for the north of the country’s heating supply, which was most affected by last winter’s heating crisis.

In a research note, analysists at China International Capital Corp. said: “This means that new installations of clean coal-fired units are still welcomed since natural gas is still in shortage”.

Ling Wen, general manager of China Energy Investment Corp., said that while China is reducing its consumption of coal, the move should not be interpreted as abandoning the fuel, rather an increased effort to encourage the use of cleaner and high efficient coal generation.

This comes as US Energy Secretary Rick Perry calls for a global alliance of countries to encourage the use of fossil fuels in a clean and efficient way.

 

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