According to Fitch Ratings, the commodity price rally is pushing companies to rebalance their capital allocation towards decarbonization investments and growth.
China attaches “high importance” to the energy transition, and has recently set out major steps including a target to reduce coal consumption from 2026.
Negotiators from almost 200 countries clinched a deal that broke new ground in the fight against climate change, but punted the hardest decisions into the future.
Despite an unexpected energy crunch that left authorities scrambling to guarantee coal supplies over the winter, it is still mostly business as usual for Henan's old mining regions.