China's record carbon emissions expected to peak due to clean energy push, report says | CNN Business

China’s carbon emissions will likely hit a new record in 2023 on the back of an economic rebound, but a rapid expansion in green energy will enable its emissions to peak soon, a global energy think tank said on Friday.

The country has ramped up coal production since last summer when the worst heatwave and drought in decades hit hydroelectricity, the country’s second biggest source of power. Coal production surged 11% in 2022 from 2021, according to the National Bureau of Statistics. To boost coal imports, China scrapped its restrictions on Australian coal earlier this year, effectively ending an unofficial ban that lasted for more than two years.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China's inflation cools to 0.1%, its slowest pace in two years | CNN BusinessDeflationary pressure in China is worsening as consumer prices increased at their slowest pace in two years, suggesting weakness in domestic demand and raising questions about the strength of the economic rebound.
Source: cnni - 🏆 326. / 59 Read more »

China names head of powerful new financial regulator as industry faces greater scrutiny | CNN BusinessChina has appointed the head of its powerful new financial watchdog, which was created as part of sweeping reforms aimed at reining in the $60 trillion industry.
Source: cnni - 🏆 326. / 59 Read more »