China’s Coal Industry Unflinching Over 2060 Zero-Carbon Goal
- Coal industry insiders aren’t worried about new carbon target
- New mines and power plants will be built in coming years
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China’s massive coal industry isn’t worried about the nation’s plan to drastically cut carbon emissions by 2060.
It will likely be business as usual for years to come for coal companies even after President Xi Jinping’s surprise announcement that China wants to be carbon neutral by 2060, according to industry officials who declined to be named. With China adding new mines and power plants through 2025, the fuel will continue to dominate the country’s power sector, so consumption won’t see a significant hit, said the people, who asked not to be identified discussing the new target.