China economic blueprint signals more coal investment

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BEIJING: China will invest more in coal to power its economy over the next five years, according to a government plan released Friday (Mar 5) that ...

The plan, announced by Premier Li Keqiang, had few details and signalled little urgency in cutting the greenhouse gas emissions that cause global warming. BEIJING: China will invest more in coal to power its economy over the next five years, according to a government plan released Friday that only modestly increased renewable ambitions.

The blueprint sets a target of generating just 20 per cent of energy from non-fossil fuels by 2025, up from 15.9 per cent in 2020.READ: China weighs measure for Hong Kong election panel to pick legislature candidates China is the world's biggest polluter, spewing out over a quarter of all greenhouse gas emissions linked to global warming.

"The contradiction between targeting low-carbon development and continuing to invest in coal and fossil fuels still seems stark in China's plans," Myllyvirta said.

 

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