Heard on the Street: China’s efforts to limit its carbon emissions are putting the nation’s coal-heavy power sector in a tight spot
Is Chinese coal consumption in terminal decline or ramping up again? The fortunes of the global coal mining industry, and of attempts to limit global carbon emissions, could depend on the answer.
Both climate-change activists and miners see reasons for hope. The former can point to the long-term decline of coal as a percentage of Chinese electricity capacity: 60% now, down from nearly 80% in the mid-2000s. Coal barons can point to rebounding coal use recently: Chinese output hit 320 million tons in December, its highest since...
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