Climate Cooperation China
On behalf of the International Climate Initiative (IKI)

Economic situation increasingly difficult for coal-fired power plants

The economic situation for coal-fired power plant operators is becoming increasingly challenging. Within the last six months, two 125 MW coal-fired power plants have filed for bankruptcy. While coal-fired power plant operators have already been facing worsening conditions for some time, the situation could now deteriorate more rapidly than previously expected.

The reasons for this are the still existing overcapacities in the power plant sector and the increasingly falling costs for photovoltaic systems. This increasing cost pressure on coal-fired power plants could cause more and more power plants filing for bankruptcy. In the future, it could become increasingly difficult for small power plants to survive in the market. According to experts, only large and highly efficient plants will stay competitive. Read more in CN

More policy news

China establishes assessment system for carbon peaking and carbon neutrality targets

Jointly issued by the General Office of the Communist Party of China (CPC) and Central Committee and the General Office of the State Council, this policy “Measures on Comprehensive Evaluation and Assessment for Carbon Peaking and Carbon Neutrality”, establishes a formal assessment system for evaluating how provincial-level Party committees and governments implement China’s carbon peaking and carbon neutrality objectives.
The assessment work is coordinated centrally and implemented by the National Development and Reform Commission together with relevant departments. It applies to provincial-level Party committees and governments, including provinces, autonomous regions, and municipalities.

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China sets new framework for energy conservation and carbon reduction

The General Office of the Communist Party of China (CPC) Central Committee and the General Office of the State Council jointly issued two policies to strengthen energy conservation, carbon reduction, and the assessment of climate-related targets.
This article looks at the first policy, “Opinions on Advancing Energy Conservation and Carbon Reduction at a Higher Level and with Higher Quality”, which sets out a broad policy framework for improving energy efficiency, reducing carbon emissions, controlling fossil fuel consumption, and accelerating green industrial transformation.

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