Subscribe To China Now

strategy

How to use China’s Negative Lists and Foreign Investment...

Entry into the Chinese market is regulated by the country’s negative lists ...

read more
View all in strategy

finance

NZ China Council Investment Report “Understanding Chinese...

Our investment report “Understanding Chinese Investment in New Zealand” ...

read more
View all in finance

profile

China, NZ celebrate successful Year of Tourism

New Zealand is promoting itself as a destination for skiing among Chinese travelers, ...

read more
View all in profile

commentary

Exhibition remembers first Chinese New Zealander

A photograph of the first Chinese New Zealander is catching the eye of his descendents ...

read more
View all in commentary

general

UMS partners with New Zealand China Trade Association (NZCTA)

United Media Solution (UMS), New Zealand’s leading Chinese digital marketing ...

read more
View all in general

China declares no new coal mines for next three years

Commentary

China announced plans recently to halt new coal mine approvals for the next three years, and close 1,000 coal mines as part of its fight against air pollution. The announcement, made in a speech by the Head of China’s National Energy Administration at the annual meeting of energy planners, also includes plans to further cut coal’s share in China’s total energy mix and increase alternative energy sources.
“It's an important and also inevitable step as China moves away from its coal addiction. The demand for coal has been dropping in the last two years, making existing coal mines increasingly difficult to run,” said Li Yan, Head of Climate & Energy in Beijing, Greenpeace East Asia. “The next step is to put a national cap on the production and use of coal in China’s next five year plan starting this year”.
“Not only is this a nail in the coffin for king coal, but it sends a clear signal to investors and leaders around the world to immediately speed up the transition to renewables."
This announcement sends another signal that the Chinese government is serious about tackling coal’s impact on worsening air quality in big cities, as well as its impact on water shortages and ecological degradation in vulnerable land-locked regions. In November last year, China announced its intention to peak CO2 emissions by 2030 at the latest and to ramp up clean energy use to around 20% by the same year.