Target $18.72, page-2974

1. Yahoo (Bloomberg) 30.11.22 said

"Temperatures have plummeted to as low as minus-47 degrees Celsius, according to Mongolia’s weather bureau. The extreme conditions are the worst of a cold front that’s sweeping much of China, lifting demand for heating fuels like coal, with some southern parts set to record drops of as much as 14 degrees, the China Meteorological Administration said.

The cold snap has helped steady coal prices after they dropped 11% last week...".

https://au.finance.yahoo.com/news/deadly-freeze-northwest-china-threatens-051219532.html



2. CNBC E. Cheng 29.4.21 said

• "President Xi Jinping announced in September the country’s carbon emissions would begin to decline by 2030, and reach carbon neutrality by 2060 — in four decades.
• In the meantime, policymakers are making clear that economic growth remains a top priority — and that growth depends largely on coal (my emphasis) power.
• “Because renewable energy (sources such as) wind and solar power are intermittent and unstable, we must rely on a stable (my emphases) power source,” said Su Wei, Deputy Secretary-General of the National Development and Reform Commission. “We have no other choice. For a period of time, we may need to use coal power as a point of flexible adjustment.”

"China’s energy structure is dominated by coal power. This is an objective reality,” said Su Wei, deputy secretary-general of the National Development and Reform Commission. CNBC translated his Mandarin-language comments, which he made late last week following Xi’s separate remarks at a U.S.-led global leaders climate summit.

...“Many developing countries don’t even have electricity,” he said. “In this situation, if you don’t use coal, what will you use?”

According to the Boston University Global Development Policy Center, the China Development Bank and the Export-Import Bank of China together funded $474 million worth of coal-sector projects outside China in 2020 alone".

https://www.cnbc.com/2021/04/29/climate-china-has-no-other-choice-but-to-rely-on-coal-power-for-now.html