China to Lead Globally in Coal, Renewables Consumption
Beijing’s energy roadmap for the rest of the decade has revealed a strategic contradiction in its energy goals. China is simultaneously pursuing renewable expansion while sustaining its high coal production; a dual-track approach that is most likely meant to bolster the country’s energy security amidst volatility in the global energy sector. The Asian nation sees its renewable technology leadership and domestic coal reserves as a shield against dependence on volatile international energy markets. By controlling both renewables and coal domestically, Beijing reduces its vulnerability to crude oil price swings and liquefied natural gas supply disruptions that plague import-dependent nations. The…