Page 190 - 2023 White Paper on the Business Environment in China
P. 190
3 White Paper on the Business Environment in China
The China Electricity Council—the industry group EIG. “China's July Oil Demand Sinks to 27-Month
for China's power sector—recommends the Low.” Energy Intelligence, 25 Aug. 2022, https://
country reaches 1,300 gigawatts of coal-fired www.energyintel.com/00000182-cefc-d1ec-a1ee-
power in 2030 to meet the rising demand and fefffb3d0000.
strengthen energy security. If this occurs, it would
see more than 300 new plants built. Without GT Staff. “China's Power Supply, Energy Structure
more restrictions against China's use of fossil Tested in Extreme Drought amid Transition to
fuels, the world will hardly meet Paris Agreement Cleaner Energy Future.” China's Power Supply,
climate targets. China is expected to cease coal Energy Structure Tested in Extreme Drought amid
use entirely by 2050 in order to successfully meet Transition to Cleaner Energy Future - People's
promised climate targets. But the more resources Daily Online, 24 Aug. 2022, http://en.people.cn/
are invested, the harder it'll be for China to get rid n3/2022/0824/c90000-10138971.html.
of fossil fuels. The 14th Five-Year Plan (2021-2025)
will be crucial in determining how China meets its He, Laura. “China Turns Back to Coal as Record
carbon commitments and whether the world is Heatwave Causes Power Shortages | CNN
on track to meet the 1.5°C target. Under this plan, Business.” CNN, Cable News Network, 23 Aug.
China wants carbon to peak by 2030, but the action 2022, https://www.cnn.com/2022/08/23/economy/
plan remains vague (Pan). china-coal-reliance-heat-wave-intl-hnk.
Works Cited Lenton, Christopher. “Cnooc Strikes Natural Gas
Riches in South China Sea, Accelerating Deepwater
Al Jazeera. “Emissions from China-Invested Exploration .” Natural Gas Intelligence, 27
Overseas Coal Plants Equal to Spain.” Climate Oct. 2022, https://www.naturalgasintel.com/cnooc-
News | Al Jazeera, Al Jazeera, 25 Oct. 2022, https:// strikes-natural-gas-riches-in-south-china-sea-
www.aljazeera.com/news/2022/10/25/emissions- accelerating-deepwater-exploration/.
from-china-invested-overseas-coal-plants-equal-
to-spain. Luo, Guoping, et al. “China's Steel Industry
at a Crossroads as Long Winter Looms.” Nikkei
Blade, Gavin. “China Wants America's Natural Asia, Nikkei Asia, 7 Sept. 2022, https://asia.nikkei.
Gas. Some Lawmakers Are Worried.” POLITICO, com/Spotlight/Caixin/China-s-steel-industry-at-a-
26 Oct. 2022, https://www.politico.com/ crossroads-as-long-winter-looms.
news/2022/10/25/china-us-natural-gas-00062539.
Pan, Guangyi. “China's Energy Crisis Sees the
Chen, Han, and Wei Shen. “China's No New World's Top Emitter Investing in More Coal.” Phys.
Coal Power Overseas Pledge, One Year On.” China org, Phys.org, 29 Aug. 2022, https://phys.org/
Dialogue, 29 Sept. 2022, https://chinadialogue.net/ news/2022-08-china-energy-crisis-world-emitter.
en/energy/chinas-no-new-coal-power-overseas- html.
pledge-one-year-on/.
Reuters. “China's July Coal Imports Surge 24%
Chow, Emily, and Aizhu Chen. “China to Slash to Meet Peak Power Load.” CNBC, CNBC, 7 Aug.
Winter Gas Purchases Easing Europe's Supply 2022, https://www.cnbc.com/2022/08/07/chinas-
Pressures.” Reuters, Thomson Reuters, 12 Oct. july-coal-imports-surge-24percent-to-meet-peak-
2022, https://www.reuters.com/business/energy/ power-load.html.
china-slash-winter-gas-purchases-easing-europes-
supply-pressures-2022-10-12/. Slav, Irina. “China's Oil Demand Is Finally
Bouncing Back.” OilPrice.com, 28 Sept. 2022,
Daniel Van Boom. “China pledges to stop funding https://oilprice.com/Energy/Energy-General/
new coal projects overseas.” CNET, 22 Sept. 2021, Chinas-Oil-Demand-Is-Finally-Bouncing-Back.html.
https://www.cnet.com/science/china-pledges-to-
stop-funding-new-coal-projects-overseas/. Tayeb, Zahra. “China Has Stopped Sales of LNG
to Europe to Make Sure Its Own Households Have
190
The China Electricity Council—the industry group EIG. “China's July Oil Demand Sinks to 27-Month
for China's power sector—recommends the Low.” Energy Intelligence, 25 Aug. 2022, https://
country reaches 1,300 gigawatts of coal-fired www.energyintel.com/00000182-cefc-d1ec-a1ee-
power in 2030 to meet the rising demand and fefffb3d0000.
strengthen energy security. If this occurs, it would
see more than 300 new plants built. Without GT Staff. “China's Power Supply, Energy Structure
more restrictions against China's use of fossil Tested in Extreme Drought amid Transition to
fuels, the world will hardly meet Paris Agreement Cleaner Energy Future.” China's Power Supply,
climate targets. China is expected to cease coal Energy Structure Tested in Extreme Drought amid
use entirely by 2050 in order to successfully meet Transition to Cleaner Energy Future - People's
promised climate targets. But the more resources Daily Online, 24 Aug. 2022, http://en.people.cn/
are invested, the harder it'll be for China to get rid n3/2022/0824/c90000-10138971.html.
of fossil fuels. The 14th Five-Year Plan (2021-2025)
will be crucial in determining how China meets its He, Laura. “China Turns Back to Coal as Record
carbon commitments and whether the world is Heatwave Causes Power Shortages | CNN
on track to meet the 1.5°C target. Under this plan, Business.” CNN, Cable News Network, 23 Aug.
China wants carbon to peak by 2030, but the action 2022, https://www.cnn.com/2022/08/23/economy/
plan remains vague (Pan). china-coal-reliance-heat-wave-intl-hnk.
Works Cited Lenton, Christopher. “Cnooc Strikes Natural Gas
Riches in South China Sea, Accelerating Deepwater
Al Jazeera. “Emissions from China-Invested Exploration .” Natural Gas Intelligence, 27
Overseas Coal Plants Equal to Spain.” Climate Oct. 2022, https://www.naturalgasintel.com/cnooc-
News | Al Jazeera, Al Jazeera, 25 Oct. 2022, https:// strikes-natural-gas-riches-in-south-china-sea-
www.aljazeera.com/news/2022/10/25/emissions- accelerating-deepwater-exploration/.
from-china-invested-overseas-coal-plants-equal-
to-spain. Luo, Guoping, et al. “China's Steel Industry
at a Crossroads as Long Winter Looms.” Nikkei
Blade, Gavin. “China Wants America's Natural Asia, Nikkei Asia, 7 Sept. 2022, https://asia.nikkei.
Gas. Some Lawmakers Are Worried.” POLITICO, com/Spotlight/Caixin/China-s-steel-industry-at-a-
26 Oct. 2022, https://www.politico.com/ crossroads-as-long-winter-looms.
news/2022/10/25/china-us-natural-gas-00062539.
Pan, Guangyi. “China's Energy Crisis Sees the
Chen, Han, and Wei Shen. “China's No New World's Top Emitter Investing in More Coal.” Phys.
Coal Power Overseas Pledge, One Year On.” China org, Phys.org, 29 Aug. 2022, https://phys.org/
Dialogue, 29 Sept. 2022, https://chinadialogue.net/ news/2022-08-china-energy-crisis-world-emitter.
en/energy/chinas-no-new-coal-power-overseas- html.
pledge-one-year-on/.
Reuters. “China's July Coal Imports Surge 24%
Chow, Emily, and Aizhu Chen. “China to Slash to Meet Peak Power Load.” CNBC, CNBC, 7 Aug.
Winter Gas Purchases Easing Europe's Supply 2022, https://www.cnbc.com/2022/08/07/chinas-
Pressures.” Reuters, Thomson Reuters, 12 Oct. july-coal-imports-surge-24percent-to-meet-peak-
2022, https://www.reuters.com/business/energy/ power-load.html.
china-slash-winter-gas-purchases-easing-europes-
supply-pressures-2022-10-12/. Slav, Irina. “China's Oil Demand Is Finally
Bouncing Back.” OilPrice.com, 28 Sept. 2022,
Daniel Van Boom. “China pledges to stop funding https://oilprice.com/Energy/Energy-General/
new coal projects overseas.” CNET, 22 Sept. 2021, Chinas-Oil-Demand-Is-Finally-Bouncing-Back.html.
https://www.cnet.com/science/china-pledges-to-
stop-funding-new-coal-projects-overseas/. Tayeb, Zahra. “China Has Stopped Sales of LNG
to Europe to Make Sure Its Own Households Have
190
