China's pragmatism beats principles in energy crisis: WoodMac

THE energy crisis in China could force spot thermal coal prices to around US$280 per tonne in the near-term, at the same time as driving greater investment in renewables for medium-to-long-term energy requirements, according to Wood Mackenzie Asia Pacific vice chair Gavin Thompson.

China's pragmatism beats principles in energy crisis: WoodMac China's pragmatism beats principles in energy crisis: WoodMac China's pragmatism beats principles in energy crisis: WoodMac China's pragmatism beats principles in energy crisis: WoodMac China's pragmatism beats principles in energy crisis: WoodMac

China has ramped up thermal coal production to force down prices and secure supply going into winter

He said China was being forced to unwind coal production pledges made in line with its climate policy, as the post-pandemic rise in energy demand and subsequently soaring thermal coal spot prices made