As the global economy booms, the Asian giant takes on the burden of soaring prices of raw materials.
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A product that is contrary to global goals. As world leaders negotiate a bitter deal on COP26 to save the planet from global warming, China has increased its daily coal production by more than 1 million tonnes amid a power shortage. “Disaster”.
In the midst of the global economic recovery, China is experiencing the full impact of rising commodity prices, especially coal, and the Asian giant is relying on 60% to power its power plants. This situation disables power plants despite strong demand, leading to power rationing and increasing companies’ production costs.
In order to ease the pressure, the authorities have given permission to reopen the coal mines in recent weeks. The move goes against Chinese President Xi Jinping’s promise to reduce his country’s carbon emissions before 2030.
Since mid-October, daily coal production has exceeded 11.5 million tonnes, the strong planning agency NDRC said on Sunday. This represents an increase of 1.1 million tonnes compared to the end of September. China is the world’s largest coal producer and the world’s largest polluter. V.S.However, it is the country that invests the most in clean energy.
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