China's Rising Electricity Demand Poses Major Climate Challenges
In a striking development, China's insatiable demand for electricity is rapidly growing, raising profound implications for both the nation's environmental goals and global climate change efforts. This escalating need for power is being driven by various sectors, particularly industrial and residential, as the country commits to a path of robust economic recovery and urbanization post-pandemic.
Continue readingCNOOC Maintains Steady Capital Spending Following Historic Production Levels
In a significant announcement, China National Offshore Oil Corporation (CNOOC) has declared its intention to keep its capital expenditure (capex) flat for the upcoming fiscal year. This decision comes on the heels of the company achieving its sixth consecutive year of record production levels, solidifying its position as a leading player in the global energy market.
Continue readingChina's Coal Hub Poised to Lead the Nation's Energy Transition, Experts Suggest
In one important development, researchers point to a cluster of China's coal-intensive provinces as the leading candidates to drive the country's energy transition on a grand scale. They feature in a study currently being carried out by previous heavyweights of coal production and consumption, which could rise as hubs for cleaner energy and become models for nationwide energy reform.
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