Renewables to keep rising and coal to peak by 2030 in China: CEF
China will peak coal-use in 2023. CEF forecasts that China can peak then plateau in coal use over the six years to 2030, followed by a slow continued decline of 2% p.a. in coal use in absolute terms in China from 2030-2040, giving a 20% decline over the next decade. China’s electricity market is at the forefront of a transformative journey from traditional thermal power generation to robust expansion of renewable energy installations. China’s shift towards greener energy sources holds immense significance not only domestically but also in the global energy transition landscape.
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