China invests in renewables – coal production falls
In 2014, the coal production fell 2.1% in China.
Further decreases are expected this year Business Green reports.
The impact of China’s clean air and renewable energy policies are beginning to have an impact on the country’s coal industry.
Heavy rainfall has been leading to high levels of hydro-electric production that has in turn impacted demand for coal. Similarly, government restrictions on the export of low-quality coal hit a market that was already suffering as coal prices fell by around 20%.
China the world’s largest investor in clean technologies
Much of the pressure on the coal industry is the result of demanding new environmental regulations from the Chinese government and increased investment in renewable energy, that has made China the world’s largest investor in clean technologies.