Independent board with range of expertise.
Building the sustainable energy storage supply chain.
Partners, consultants memberships
Proven record of operational experience.
Vanadium mining & energy expertise.
Principles of honesty, integrity and ethics.
Disruptive Technology for Energy Storage to Steel Production
Progress of global deployment targeting cashflow and commercialization (Optioning, Licensing, Royalties and more)
Vanadium, Iron and Titanium recovered from Multiple Sources Efficiently and Sustainably
Development VTM Resource with 22.5km Geophysical Footprint
Former Crown Asset With Over 60yrs of Development next to Blackrock Metals Proposed VTM Mine and Concentrator
Copper Gold Exploration Projects and Royalties Available For Option or Sale
The Future of Sustainable Energy
Reusable and Lowest Cost Battery Electrolyte without Carbon
Current Demand and Price for Vanadium
Our latest press releases
Latest Vanadium Industry Developments
Sustainable Energy, Development, and Innovation
Conventional & Emerging Applications
VRB Stock Fundamentals
General Investment Information
Frequently asked Questions and Terminology
Extensive Compendium of most Relevant Research
Corporate Presentations & Global Directory
Published on 28/02/2017, 7:07am
Massive investments in clean energy and economic shifts continue to dampen demand for coal in the world’s largest carbon emitter
By Karl Mathiesen
China’s coal consumption fell in 2016 – the third year in a row the world’s biggest polluter has cut back its use of the most carbon-intensive fossil fuel.
According to initial analysis of the Communist Party’s annual Statistical Communique on Economic and Social Development by chinadialogue, coal use fell 4.7%.
It is the largest year on year drop in a decline that has now been repeated since 2014. The Associated Press reported a similar figure.
Although Greenpeace cautioned that this was a measure of the physical weight of coal burned, when measured in energy units the drop was just 1.3%. This could be due to an improvement in coal quality or discrepancies in reporting.
Coal production also fell 9% from 2015 to 2016. Although this was partly matched by a 25% surge in imports.
Greenpeace said that carbon emissions from fossil fuels were forecast to drop by around 1% in 2017, the forth year China’s overall greenhouse contribution had been flat or fallen.
Source: National Bureau of Statistics, China Energy Yearbook 2015
Experts said the coal was unlikely to return to its previous levels, raising hopes that a global peak in carbon emissions was possible.
Xu Zhaoyuan, head of research division at the industrial economy department of the Development Research Centre of China’s State Council, said investments in energy intensive industries such as cement and steel production had been falling while clean energy was undergoing a boom.
In 2016, China’s solar capacity grew a staggering 81.6% to 77GW, double the total installed in the US. Wind power grew 13.2% to 149GW – roughly a third of all wind energy is located in China.2
As a result of these factors and a new, slower economic growth model, Xu said: “I don’t think coal consumption is going to rebound in the next several years, but will rather plateau, meaning it will remain stable or decrease slowly.”
Li Shuo, Greenpeace global policy advisor noted the continued shift in China’s economy, which appears to be moving faster than many expected just a few years ago, was in stark contrast to expected revisionism across the Pacific.
“China is ploughing money into renewables and reining in its addiction to coal. As Trump’s rhetoric leaves the world in doubt over what his plan is to tackle climate change, China is being thrust into a leadership role,” he said. “These trends give some hope that the global peak in emissions might well be within reach, but only if all major emitters break free from fossil fuels and reduce emissions.”
Enter your email address below to start receiving VanadiumCorp and related Industry news directly.
We're here to answer your questions. Contact us by phone or email.
© 2019 VanadiumCorp Resource Inc., all rights reserved • Site Map • By Line49 Web Design, Vancouver BC