News Snapshot:
China’s latest financing initiative for clean coal technology will help the country meet its energy needs while at the same time reduce the carbon intensity of its heavy industries and meet its goal of capping coal consumption by 2025, analysts said. But some argued that it could instead prolong the use of the fossil fuel and keep the industry alive in the mainland. China’s cabinet, the State Council, announced on Wednesday that it will establish a special relending facility worth 200 billion yuan (US$31.4 billion) to support the clean and efficient use of coal, including advanced pre-treatment of coal, and...
