28 Jan '15, 3pm

China's coal production falls for first time this century

China's coal production falls for first time this century

First we heard that China's coal consumption may have fallen . Then there were reports that coal imports had declined too , which would of course make sense. Because the Chinese government would surely prioritize domestic production over imports, it was widely assumed that these developments would primarily spell trouble for coal companies elsewhere , who were relying on the Chinese market to buffer declining consumption at home. But now, as covered by The Guardian, Chinese state media is reporting that Chinese production is falling too. In fact, Chinese coal production fell 2.1% in 2014 , and a further 2.5% reduction is expected in 2015. This is very big news indeed. While commentators elsewhere waste thousands of column inches predicting that falling fossil fuel prices will derail the clean energy surge, it looks like China has different plans. As detailed by John Mathew...

Full article: http://www.treehugger.com/energy-policy/chinas-coal-produ...

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