by A. Cang, Nov 15, 2022 in Bloomberg

China’s plans to add to its world-leading fleet of coal power plants are a short-term Band-Aid to address energy security concerns and don’t represent a shift in emissions policies, according to members of the team representing the nation at the COP27 summit.

New plants are being planned to address a spate of high-profile electricity shortages in recent years while providing a buffer to global energy markets that have become more volatile following Russia’s invasion of Ukraine, according to interviews with three of China’s delegates at the climate meeting in Egypt.

In the long run, electricity market reforms and massive investments in renewable power and energy storage will eventually curb and curtail coal use, allowing the country to hit its targets of peaking emissions by 2030 and zeroing them out by 2060, they said.

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