Chinese coal consumption falls for the first time this century
China is the world's worst polluter, burning through almost as many fossil fuels as the rest of the world combined per year.
But things are changing. China is also the world's largest investor in green energy. And after rising and rising for the entirety of the 21st century, Chinese coal consumption is finally beginning to fall.
Most exciting of all, that decline is not holding back Chinese GDP growth. As Renew Economy's Justin Guay points out, Chinese GDP has decoupled from Chinese coal consumption:
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
(Renew Economy/Justin Guay)
The change can't be solely attributed to huge quantities of Chinese renewable energy coming online. It's also a result of China diversifying its economy so that is no longer as reliant on industrial output. China's service sector is growing rapidly.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
John Aziz is the economics and business correspondent at TheWeek.com. He is also an associate editor at Pieria.co.uk. Previously his work has appeared on Business Insider, Zero Hedge, and Noahpinion.
-
Roasted squash and apple soup recipeThe Week Recommends Autumnal soup is full of warming and hearty flavours
-
Ukraine: Donald Trump pivots againIn the Spotlight US president apparently warned Volodymyr Zelenskyy to accept Vladimir Putin’s terms or face destruction during fractious face-to-face
-
Autumn Budget: will Rachel Reeves raid the rich?Talking Point To fill Britain’s financial black hole, the Chancellor will have to consider everything – except an income tax rise
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstancesSpeed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governorSpeed Read
-
Los Angeles city workers stage 1-day walkout over labor conditionsSpeed Read
-
Mega Millions jackpot climbs to an estimated $1.55 billionSpeed Read
-
Bangladesh dealing with worst dengue fever outbreak on recordSpeed Read
-
Glacial outburst flooding in Juneau destroys homesSpeed Read
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creatureSpeed Read