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    China is promoting green energy to secure coal supply at a reasonable price

    After facing energy production difficulties last year, China promoted green energy to reduce coal demand, thereby ensuring sufficient coal availability at a reasonable price this year. The country prioritizes energy adequacy and focuses on improving mining technology and improving coal-fired power plant pricing mechanisms.

    An example of intelligent technology for coal mining is at Shaanxi Coal Caojiatan Mining Co Ltd. Here you can monitor real-time operations and equipment in the production process via a telephone application. This has reduced the actual number of workers on the mining team by almost half.

    For green energy, for example, China Petroleum and Chemical Corp (Sinopec) has embarked on the development of the world’s largest green hydrogen plant. Founded in Kuqa, Xinjiang Uygur Autonomous Region, this project is entirely powered by solar energy. When it goes live next year, it is expected to reduce carbon dioxide emissions by 485,000 tonnes annually.

    After facing energy production difficulties last year, China promoted green energy to reduce coal demand, thereby ensuring sufficient coal availability at a reasonable price this year. The country prioritizes energy adequacy and focuses on improving mining technology and improving coal-fired power plant pricing mechanisms.

    Last October, the Central Committee of the Chinese Communist Party and the National Council needed to reach the country’s ambitious goal of peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060. Announced master guidelines for work.

    According to the guidelines, China aims to increase its share of non-fossil energy consumption to about 20% by 2025, 25% by 2030, and more than 80% by 2060.

    Following guidelines and emission reduction targets, some companies that normally rely on fossil fuels have taken a number of important climate mitigation measures. China media reports that Sinopec, the world’s largest refiner, plans to invest 30 billion yuan in the next few years to increase its hydrogen production capacity, including refueling stations and storage facilities.

    China National Petroleum Corporation, the largest oil and gas company in China, operates solar wind and hydrogen businesses. Similarly, China National Offshore Oil Corporation (CNOOC), a major oil and gas drilling company, plans to invest a certain percentage of its revenues in solar and wind energy each year.

    In this way, while measures are being taken to increase coal production capacity in China, the increase in green energy is also being promoted. In addition, the government is working to further improve the medium- to long-term coal contract system this year to ensure price stability and a stable energy supply.

    Large companies, especially state-owned enterprises, are also working to improve their ability to absorb green energy, which will greatly help ease the demand for coal power generation.

    Fiber2Fashion News Desk (RKS)

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    China is promoting green energy to secure coal supply at a reasonable price

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    The post China is promoting green energy to secure coal supply at a reasonable price appeared first on Eminetra.

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