Expanding coal-fired power is China’s “only real option in the short term” to meet rising electricity demand, including from new energy vehicles, according to ANZ Group.
“Power shortages are likely to reemerge as the acceleration in the energy transition continues to put pressure on electricity networks,” analysts Daniel Hynes and Soni Kumari said in a report on Thursday.
China’s power market is already showing signs of strain as extremely low water levels sap hydropower generation in southern provinces. As climate change delivers more frequent and persistent heat waves, the region’s reliance on hydro — China’s largest source of clean energy ...
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