Overview

• China permitted only 9GW of new coal power in the first half of 2024, an 83% decrease from the same period in 2023.
• Despite a construction boom, coal plants are becoming less economically viable due to the rise of renewable energy.
• China's renewable energy capacity grew significantly, contributing to a 7% reduction in coal power generation from June 2023 to June 2024.
• Experts suggest that China's energy strategy may be shifting, with clean energy increasingly meeting electricity demand growth.
• Political and economic factors, including energy security concerns, continue to influence China's coal power policies.