The emphasis on “coal consumption” has been growingly strong in China. Last week, the Vice-Premier Han Zheng’s speech in Bo'ao re-adopted the phase “prioritizing coal” (以煤为主,) reflecting Beijing’s changing strategy in developing clean energy.
Last year, several top-level authorities’ speeches heralded Bejing’s intention to tune down coal-curbing efforts against a background of global fossil-fuel supply shortage. Indeed China would continue expanding its green energy footprint, but the strategy shift provides larger space for the coal sector and the clean-coal technology to survive.
Besides the “major at coal” rhetoric, we would like to highlight other updates that signal new trends in the clean energy market in China:
- Hydrogen: another giant industrial player- in this case, SPIC- announced investment related to the hydrogen-ammonia nexus; meanwhile, local media summary shows that 1/3 of new hydrogen projects announced in 2022Q1 are green hydrogen projects.
- Renewable: current local government plannings point to 620GW renewable capacity to be added between 2021-2025; turbine price has dropped to a record low and gradually stabilize; CWEA announced 2021 wind market rankings
- Energy Storage: a first-of-this-kind cryogenic liquid air energy storage project starts construction in China; the sodium-ion battery has attracted a dozen of companies’ investments in the past few months
Please scroll down to check out the ten updates that we considered noteworthy last week.
China Clean Energy Syndicate is a weekly news update project developed by Energy Iceberg.
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