A Chinese state planner says the country will set up a backup production system for coal production to secure China’s coal supply and stabilize prices despite national plans to begin phasing out coal use in the latter half of the decade. China is one of dozens of countries that pledged to phase out coal use as part of global efforts to combat climate change. However, the world’s largest polluter seems to have gone all-in on coal in recent years.
The Asian nation’s reinvestment in the dirty fuel was triggered by a global energy crisis that was significantly exacerbated by the Russia-Ukraine war, which led to major energy shortages that caused energy prices to skyrocket. In addition, starting mid-2022, unexpected heat waves and droughts…
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