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published Jul 2, 2019
Recently, the National Energy Administration in China announced in its “Risk and Early Warning for Coal Power Planning and Construction for 2022” that eight provinces are on red alert for an excess of installed capacity of coal power. This is a sharp reduction from 17 in its early warning for 2021 issued last year.
Low-carbon development is not an abstract concept in a world beset with extreme weather events brought about by climate change. It comes into being against a specific socio-economic background: being at a certain socio-economic development stage, endowed with a certain amount of energy resources and a required level of technological development and innovation.
China is experiencing a weakening of domestic demand and strong headwinds in international trade, therefore it’s all the more pressing that the country should seize the historic opportunity in its low-carbon transformation of industries based on the development of technologies.
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