Is President Xi Jinping’s Green Dream still alive?

Avishek Suman, Director - Investment Research, Acuity Knowledge Partners’ recently spoke to New Energy World, the magazine of the Energy Institute. Studying the trends, non-fossil fuel power capacity accounted for 49.6% of China’s total capacity by end of 2022, he expects this to increase to 52.5% by 2023, driven mainly by China's investment in solar and wind power. He speaks about China’s commitment of achieving carbon neutrality, and investing in coal would be inconsistent with this goal.

‘We could see China cutting back on heavy investment in coal in this scenario, especially as this move does not fit with China’s carbon neutrality target.’, he adds.