China is on track to meet its wind and solar energy target five years ahead of schedule

A coal-fired power plant in Shanghai

According to a report, China is strengthening its position as a world leader in renewable energy and potentially exceeding its own ambitious energy targets. China is expected to double its capacity and produce 1,200 gigawatts of energy through wind and solar power by 2025, meeting its 2030 goal five years early, according to the report … Read more

Coal prices tumble as green energy surges in China

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Coal prices fell to their lowest level since June 2021, mainly due to oversupply and weak demand from China. Meanwhile, solar power capacity in China has doubled that of coal, with a year-on-year growth rate of 33.7%. As China’s commitment to renewable energy strengthened, coal-fired power generation showed a modest 1.8 percent increase. In Europe, … Read more