China’s government could financially support more than 30GW of solar capacity in 2019 and potentially as much as 50GW.
China’s energy regulator has said that as part of efforts to ease a subsidy payment backlog China will give priority to the construction of wind and solar projects that can operate without subsidies this year, and will cap new subsidised capacity.
SHANGHAI (Reuters) - Chinese regulators are close to releasing new “green bond” standards that would exclude polluting fossil fuel projects from corporate financing channels designed to lift environmental standards, people familiar with the matter told Reuters.
Marking a “monumental” shift that energy market analysts say is “the start of the end for thermal coal” major Japanese investors, including those most indebted to coal, are seeking to back large-scale renewable energy projects across Asia.
As China the world’s second-largest economy stepped up its fight against smog, its environment minister, Li Ganjie, said China expanded its coal-to-gas and coal-to-electricity projects to 35 cities in 2018 from 12 cities the previous year.
Use of coal increased again in 2018, raising questions about the green energy transition, reports Feng Hao and Tom Baxter
UPDATED FRIDAY FEB 22: In another seeming blow for Australia’s coal industry an official of China’s Dalian Port Group has told Reuters Newsagency that customs at the northern port has banned imports of Australian coal and will cap overall coal imports for 2019 through its harbours at 12 million tonnes.