Despite the low power demand, the abnormal weather conditions and low availability of nuclear facilities are expected to support the high consumption of coal for electricity generation
Governments, corporates and financial institutions accelerate their coal restriction policies in 2020
The recent decline in thermal power demand is seeing power plant utilization rates drop to decade lows, acting as a new key headwind against sustained resolution.
While renewable energy generation continues to gain traction in the region, traditional power generation from sources such as oil, natural gas and coal will continue to have a crucial position in the broader energy mix amid soaring demand for power
Opportunity to fast-track ambitious clean energy transition, reduce air pollution and stimulate rural job growth
The companies, with a combined market capitalization of almost $91 billion at the mid-year, account for about a fifth of China’s power and emitted nearly 3% of the world’s carbon dioxide in 2017
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