China vowed to set up a coal capacity reserve system by 2027, aiming to secure energy security through more flexible coal supplies, according to plans the country released Friday.
By 2030, the country will strive to attain a yearly coal capacity reserve of 300 million tonnes that are dispatchable and improve the capacity and flexibility of coal supplies, according to a document jointly released by the National Development and Reform Commission and the National Energy Administration (NEA).
The establishment of the coal capacity reserve system will enable the rapid release of coal production capacity in extreme situations, such as severe fluctuations in the international energy market, adverse weather conditions, and dramatic changes in supply and demand stability, guaranteeing sufficient coal supply in these circumstances, according to an official with the NEA.
The system can also better leverage coal-fired power's underpinning role in power generation, promote the high-quality development of new energy, and facilitate the green and low-carbon transformation of the energy industry, the official added.
Coal has long been China's mainstay fuel. China mined 4.66 billion tonnes of coal last year, up 2.9 percent from the previous year, reaching a record high.
The coal capacity reserve is only reserved for extreme situations and remains inactive under normal conditions, according to the NEA.
In Botswana, 44 victims of an Easter bus crash in South Africa are laid to rest
Lawsuit seeks to force ban on menthol cigarettes after delays by Biden
Funding shortfall halts Taranaki Cathedral project
50 years later, a Braves fan shares long
Max Verstappen ties Alain Prost's record with 6th pole
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Marriages in the US are back to pre
Posts misrepresent White House Easter egg contest, Day of Transgender Visibility proclamation
Status quo for the leading four teams in Super Rugby Pacific after 11 rounds
New study finds no brain injuries among 'Havana syndrome' patients
Jared Jones dazzles, Jack Suwinski provides walk
Online posts erroneously tie Senate minority leader’s late sister