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The government expects electricity consumption to rise 2.5 per cent annually through 2035 and plans nearly 26 GW of new thermal capacity to meet demand.
The Iran war is driving a significant near-term surge in Asia-Pacific’s thermal coal demand, with an additional 150 million tonnes of cumulative consumption projected through 2030, roughly half of which is expected to land in 2026 alone.
Policies encouraging use of cleaner steel and cement in Chinese-financed construction projects could help drive down emissions.
Experts think a lack of flexibility in China’s grids could undercut potential efficiency gains from artificial intelligence.
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