Electric Vehicle Boom May Force China to Burn More Dirty Coal
- Coal expansion is China’s only short-term option, says ANZ
- China’s power market contends with weakening hydropower
A charging station in Beijing.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Expanding coal-fired power is China’s “only real option in the short term” to meet rising electricity demand, including from new energy vehicles, according to ANZ Group.
“Power shortages are likely to reemerge as the acceleration in the energy transition continues to put pressure on electricity networks,” analysts Daniel Hynes and Soni Kumari said in a report on Thursday.