The Business Times
SUBSCRIBERS

China's coal consumption falls for third straight year

Rebound unlikely, leaving government saddled with problem of billions of dollars of idle coal powered-plants

Published Tue, Mar 14, 2017 · 09:50 PM

Beijing

CHINA'S energy transition is well underway, official figures show, with coal consumption falling for a third consecutive year in 2016, but the road ahead will be bumpy with overcapacity in the energy industry plaguing the economy, analysts say.

Both the Chinese government and the International Energy Agency had estimated China's coal consumption to plateau around 2030 before slowing. But coal consumption unexpectedly started falling since 2013 and has not picked up since.

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here