Find out what is happening in China due to the coal shortage

  • China has been facing long blackout hours due to the electricity shortfall primarily attributed to coal shortages. about two-thirds of China's energy is generated from the coal-fired plants

  • As a result, China might look to import coal from nations like Europe and India which have abundant quantities of coal since it is impossible to raise domestic output at a short notice

  • However recently at the UN session, China had stated that it would stop financing and supporting coal-fired power plants in the country and in foreign nations

  • China’s President Xi Jinping announced in late 2020 at a United Nations summit on climate change that the country would cut its carbon dioxide emissions per unit of gross domestic product, or carbon intensity, by more than 65% from 2005 levels by 2030.

  • As the world’s top producer of carbon dioxide and other polluting gases, China’s ability to cut emissions is seen as critical in the global fight against climate change

  • Recent energy crisis has led to an upsurge in the per barrel price of crude oil

  • Refusal to import coal from Australia has resulted in several companies to shut down operations temporarily to cut down losses

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