, Columnist
Even 5% Growth Won’t Derail China’s Emissions Peak
The turning point is in sight, even though coal remains the backbone of the nation’s power generation.
Keeping the lights on.
Source: AFP/Getty Images
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For all that commodities markets were disappointed by China’s relatively subdued 5% growth target set out at the National People’s Congress, the dirtiest end of the sector found reason to take cheer.
Coal will remain the backbone of the country’s power system and the energy intensity of the economy would decline only modestly, outgoing Premier Li Keqiang told the meeting in Beijing on March 5. Asian export coal traded at Australia’s port of Newcastle jumped 5.6% the following day, the biggest increase in a month.