I only post this as a matter of interest I hold no coal stocks
China's decision to ban coal-fired power from Beijing and other major cities by 2020 grabbed headlines this week, although it is unlikely to have any meaningful impact on the country's coal consumption.
The four power plants that will close in the capital generate three gigawatts of energy - barely 0.5 per cent of China's annual needs.
"Put another way, they add three gigawatts a week to the thermal power demand," ANZ's head of commodity research, Mark Pervan, said.
"So shutting down the thermal power capacity in Beijing would be replaced within one week in China."
