China economic blueprint signals more coal investment

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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 ...

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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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