Letter from China: China clings to coal
The fuel is too strategically important for China to give it up entirely
China found itself in the spotlight over its continued dependence on coal in the lead-up to the Cop26 climate conference. Developed economies sought a “phase-out” of the fuel in the conference text, but this phrasing was ultimately ditched in favour of a “phase-down”. While India drew most of the flak in the last days of the summit for watering down the language, the dilution will also have mattered significantly to China, given it consumes more coal than the rest of the world combined. China’s intransigence over coal is simple: the fuel—even if it is the single biggest contributor to climate change—is too strategic to give up. This is especially true while China’s energy demand is still gro

Also in this section
27 June 2025
Gas-on-gas competition pricing has grown its share of consumption significantly over the past two decades, primarily at the expense of oil-price-escalation pricing, according to the IGU
27 June 2025
Dire crude projections and heavy debt burden are weighing heavily on NOC Pemex
27 June 2025
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
26 June 2025
ExxonMobil and Eni offer hope for projects as sector looks to get to grips with cost overruns and delays