Su Wei, China’s Chief Climate Negotiator
Regarding the pace of coal phase-out, it is essential to acknowledge that the role of coal itself is also undergoing a gradual transition from a primary power source to a flexible and peak-shaving power source (in China). The direction of this transition is clear, though it necessitates a gradual process. As for approvals for new coal-fired power projects in the recent period, there are two primary reasons. Firstly, there is a practical need for ensuring energy supply. Secondly, these new approvals contribute to providing flexible power support for the large-scale development of renewable energy. Approving new coal-fired projects is a temporary move in the long-term development. With the widespread development of renewable and non-fossil energy, not only will the incremental growth of coal power gradually decrease, but its overall proportion will also decline. This aligns with the prevailing trend of energy substitution and transition.