China, the world’s largest coal consumer, has domestic reserves of coal to last the next 50 years, according to annual reserves data from the Ministry of Natural Resources cited by Bloomberg . At current rates of domestic production, China also has crude oil reserves that could last for at least 18 more years, according to the ministry While Chinese coal consumption is primarily met by domestic production, it’s not the same for oil. China, the world’s top oil importer, imports much more oil than its domestic production. China has a target to achieve net-zero emissions by 2060 and to reach peak carbon emissions in 2030, but it has recently relied heavily on coal and continues to approve new coal capacity to meet energy demand as international energy prices soar. In recent months, China has significantly boosted its coal production, following government orders for more coal supply. Faced with power […]