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China’s New Coal Boom: ‘Growing Panic’ About Green Energy Policies

September 29, 2016
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By Paul Homewood 

 

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http://www.thegwpf.com/chinas-new-coal-boom-reflects-growing-panic-about-unintended-consequences-of-green-energy-policies/

 

From GWPF:

 

In the fourth meeting with coal mining executives this month, the National Development and Reform Commission (NDRC) called on 74 major miners to increase output, unleashing another 15 million tonnes of new supply each month onto the market, two people who were briefed on the gathering said.

The latest change doubles the output increases the government has approved in recent days to 30 million tonnes, equivalent to 1-1/2 times China’s average monthly imports of coal this year.

Last Friday, the government partially reversed sweeping capacity cuts enforced earlier this year. Those reductions in production capacity triggered a frenzied price rally and depleted domestic stockpiles this year.

“The amount is raised again as the increase was not enough to catch up with the demand from the power generators,” said Zhang Min, a coal analyst with the Sublime China Information Group and one of the sources who had spoken to the companies participating in the meeting.

Experts say the frequency of the meetings and the rapid-fire calls for output increases reflect growing panic about the unintended consequences of Beijing’s efforts to cut excess coal mining and shift the country, the world’s second-largest energy market, towards using cleaner, renewable sources.

 The full story from Reuters is here.

6 Comments leave one →
  1. tom0mason permalink
    September 29, 2016 3:55 pm

    ‘Growing Panic’ About Green Energy Policies

    🙂
    😆 Hurray! 😉

  2. September 29, 2016 4:24 pm

    Is Obama still bragging that he has brought China into full compliance with the climate program?

  3. Robin Guenier permalink
    September 29, 2016 4:53 pm

    There are, as they say, multiple lines of evidence that China is unconcerned about AGW. See my comments on 11 and 18 May here: (LINK). All this (and more) is easily found in the public domain. The West (and the US in particular) is extremely foolish to ignore it. Trump’s claim that China created the concept of global warming “to make US manufacturing non-competitive” (LINK) is obviously wrong – but his point is uncomfortably close to reality.

    • Gerry, England permalink
      September 30, 2016 1:01 pm

      His point is wrong but the outcome correct. If the Don gets elected then global warming will be ended. He has an arch realist lined up to take over the EPA. No cosy chats with or policy drafts from the greenies.

  4. Oliver K. Manuel permalink
    September 29, 2016 5:58 pm

    Yes, China is unconcerned about AGW while our country’s economy has been destroyed by AGW concerns. See graph on coal production

    http://www.thegwpf.com/chinas-new-coal-boom-reflects-growing-panic-about-unintended-consequences-of-green-energy-policies/

  5. September 30, 2016 4:59 am

    Reblogged this on Climatism and commented:
    China would need all that coal, to provide all that power, to manufacture all those windmills and solar panels that the eco-brainwashed West is purchasing.

    Costing the West literally trillions of dollars (of other people’s money) to provide diluted, weather dependent, intermittent and costly power – causing statewide blackouts (SA), destroying their economies, sending jobs back to China with all that coal (that the West successfully demonised) to be burnt elsewhere in a less environmentally friendly way! Insane irony’s everywhere.

    Smart China. Stupid, virtue-signalling, climate-obsessed West!

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