China’s coal firms told to exceed quotas - News Summed Up

China’s coal firms told to exceed quotas


China’s coal firms told to exceed quotasCRITICAL NEED: Environmental measures have led to an energy crisis that is causing a rethink about coal production, as China’s winter will require a solid power supplyBloombergChina’s leadership has told the country’s state-owned mining firms to produce coal at full capacity for the rest of the year even if they exceed annual quotas as the country struggles with a deepening power crisis. Boosting domestic thermal coal production is critical, the sources said, asking not to be named as the discussion contents are not public. The country controls coal production under a quota system that caps annual output of mines in order to manage supply. Coal mines are under close environmental surveillance, and Beijing has been pushing for consolidation in the sector. Its coal output was 530 million tonnes last year.


Source: Taipei Times October 01, 2021 15:56 UTC



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