{"id":1650,"date":"2016-07-12T06:36:53","date_gmt":"2016-07-12T06:36:53","guid":{"rendered":"http:\/\/yinghuiinternational.com\/?p=1650"},"modified":"2016-07-13T06:38:36","modified_gmt":"2016-07-13T06:38:36","slug":"china-continues-coal-crackdown","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2016\/07\/12\/china-continues-coal-crackdown\/","title":{"rendered":"China continues coal crackdown"},"content":{"rendered":"

China\u2019s ongoing five year plan<\/span> to cut coal and steel production and address pollution will see it punish regional governments for failing to close coal mines and steel mills.<\/p>\n

Earlier this year China announced its intention to institute a reduction in thermal coal consumption within the next five years<\/a> in order to cut pollution levels, with the National People\u2019s Congress (NPC) outlining plans to reduce thermal coal consumption by 160 million tonne.<\/p>\n

China\u2019s ongoing pollution and smog issues were the main focus of the NPC, with Chinese president Xi Jinping stating that the government will be increasing focus on the nation\u2019s environmental standards and regulations.<\/p>\n

\u201cWe are going to punish, with an iron hand, any violators who destroy ecology or the environment,\u201d Xi stated at the time.<\/p>\n

As part of this plan the country also announced it would lay-off close to two million workers in its coal and steel industry to help cut market oversupply.<\/a><\/p>\n

An official at China\u2019s human resources and social security ministry said the nation\u2019s industries expect to cut around 1.8 million workers as it seeks to reduce capacity, and address the growing stockpiles in the country.<\/p>\n

Provincial governments have been ordered to set capacity reduction targets this week, and submit phase-out plans by the end of this month, chair of the National Development and Reform Commission Xu Shaoshi said, according to Bloomberg.<\/p>\n

Those that miss their targets will be \u201cseriously punished,\u201d Xu said.<\/p>\n

The country is also predicted to ban new coal fired power stations, according to the AFR.<\/a><\/p>\n

In its upcoming 13th<\/sup> Five Year Plan<\/span> for the resources sector, China is forecast to \u2018suspend\u2019 construction of any new thermal coal power plants until 2018, after which the suspension will be reviewed, however it is unlikely to be lifted.<\/p>\n

However the growing power demand is unlikely to be filled by renewable resources, with the Economic Information Daily<\/a> stating there will a slowdown in wind and photovoltaic solar power support; instead the country will focus on hydropower and nuclear energy, stating their will be a moderate increase in the scale of operations.<\/p>\n","protected":false},"excerpt":{"rendered":"

China\u2019s ongoing five year plan to cut coal and steel production and address pollution will see it punish regional governments for failing to close coal mines and steel mills. Earlier this year China announced its intention to institute a reduction in thermal coal consumption within the next five years in order to cut pollution levels, … Continue reading “China continues coal crackdown”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6],"tags":[],"class_list":["post-1650","post","type-post","status-publish","format-standard","hentry","category-mines-and-quarry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-qC","jetpack-related-posts":[{"id":3294,"url":"https:\/\/yinghuiinternational.com\/index.php\/2019\/02\/27\/clean-coal-demand-drives-yancoal-growth-aspirations\/","url_meta":{"origin":1650,"position":0},"title":"Clean coal demand drives Yancoal growth aspirations","author":"yinghui","date":"February 27, 2019","format":false,"excerpt":"Yancoal Australia is aggressively targeting organic growth opportunities to build on a rapid turnaround in company performance that led to a record 2018. 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