China's coal production reportedly reached record levels last year as the country battled an energy crisis.

China's coal production last year climbed to 4.07bn tonnes which was over 4 per cent compared to the previous year. In December last year producers mined 384.67 million tonnes of coal which was higher than November.

According to the International Energy Agency (IEA), global CO2 emissions from the power sector reached a new high last year as coal became the biggest source of electricity generation.

<a href="https://www.wionews.com/world/despite-global-calls-for-cuts-china-starts-a-massive-coal-fired-power-plant-440853">Also Read:&nbsp;Despite global calls for cuts, China starts a massive coal-fired power plant</a>

The&nbsp;IEA report on electricity published recently said "coal-fired electricity generation reached an all-time peak growing by 9 per cent last year which was the fastest since 2011."

The exponential increase was due to demand and "coal's competitiveness in some markets compared to gas".&nbsp;

The report said China faced supply difficulties last year due to coal shortages.

"Coal served more than half of the additional demand in 2021, growing in absolute terms faster than renewable energy for the first time since 2013," the report noted.

<a href="https://www.wionews.com/world/coal-demand-can-rise-to-an-all-time-high-in-2022-iea-437562">Also Read |&nbsp;Coal demand can rise to an all-time high in 2022: IEA</a>

The IEA report informed that despite zero "emission pledges" and "phase out plans" for coal, coal-fired electricity generation is set to provide 34 per cent of global generation in 2024.

The report said China's northeast province of Liaoning issued a level two shortage alert on several consecutive 
days last year indicating power shortage equivalent to 10-20 per cent of total demand with similar shortages reported in southern Guangdong which is the country's second-largest province electricity consumer.

In October last year, Chinese authorities had increased coal production targets while noting that "despite diversifying generation mix, China's electricity system remains largely coal-dominated."

(With inputs from Agencies)&nbsp;

China's coal production reportedly reached record levels last year as the country battled an energy crisis. China's coal production last year climbed to 4.07bn tonnes which was over 4 per cent compared to the previous year.

China's coal production reportedly reached record levels last year as the country battled an energy crisis. China's coal production last year climbed to 4.07bn tonnes which was over 4 per cent compared to the previous year. In December last year producers mined 384.67 million tonnes of coal which was higher than November. According to the International Energy Agency (IEA), global CO2 emissions from the power sector reached a new high last year as coal became the biggest source of electricity generation. Also Read: Despite global calls for cuts, China starts a massive coal-fired power plant The IEA report on electricity published recently said "coal-fired electricity generation reached an all-time peak growing by 9 per cent last year which was the fastest since 2011." The exponential increase was due to demand and "coal's competitiveness in some markets compared to gas". The report said China faced supply difficulties last year due to coal shortages. "Coal served more than half of the additional demand in 2021, growing in absolute terms faster than renewable energy for the first time since 2013," the report noted. Also Read | Coal demand can rise to an all-time high in 2022: IEA The IEA report informed that despite zero "emission pledges" and "phase out plans" for coal, coal-fired electricity generation is set to provide 34 per cent of global generation in 2024. The report said China's northeast province of Liaoning issued a level two shortage alert on several consecutive days last year indicating power shortage equivalent to 10-20 per cent of total demand with similar shortages reported in southern Guangdong which is the country's second-largest province electricity consumer. In October last year, Chinese authorities had increased coal production targets while noting that "despite diversifying generation mix, China's electricity system remains largely coal-dominated." (With inputs from Agencies)

Amid energy crisis, China's coal production reached record levels last year

The International Monetary Fund(IMF) lowered China's growth for this year citing "large-scale disorderly corporate debt defaults or restructuring".

The IMF added that&nbsp;"China's property sector could reverberate widely". IMF predicted China will grow at 8.0 per cent this year down by 0.1 percentage point from its July estimate.

<a href="https://www.wionews.com/world/now-chinas-move-to-cut-silicon-production-disrupts-global-economy-417923">Also Read |&nbsp;Now, China's move to cut silicon production disrupts global economy</a>

China has been hit by coal and power shortages including the Evergrande property crisis. &nbsp;Evergrande has been struggling to clear its massive&nbsp;$300 billion in liabilities dragging down markets.

"China's prospects for 2021 are marked down slightly due to stronger-than-anticipated scaling back of public investment," the IMF said.

<a href="https://www.wionews.com/world/now-chinas-move-to-cut-silicon-production-disrupts-global-economy-417923">Also Read:&nbsp;Now, China's move to cut silicon production disrupts global economy</a>

In April, the IMF had pegged China's growth this year at 8.4 per cent. The international fund also lowered China's growth for next year to 5.6 per cent.

The IMF also highlighted&nbsp;"stronger-than-anticipated" pullback in public spending in China leading to growth going on a downward spiral.

<a href="https://www.wionews.com/world/china-rust-belt-province-warns-of-more-shortages-in-energy-crisis-419929">Also Read:&nbsp;China rust-belt province warns of more shortages in energy crisis</a>&nbsp;

The IMF projected the global economy would to grow at 5.9 per cent in 2021 and 4.9 per cent in 2022 which is 0.1 percentage points lower for 2021 than the July forecast.&nbsp;

According to IMF, India's economy is expected to grow by 9.5 per cent in 2021 and 8.5 per cent in 2022.

"The outlook for the low-income developing country group has darkened considerably due to worsening pandemic dynamics," Gita Gopinath, chief economist of the IMF, said.

(With inputs from Agencies)

The International Monetary Fund(IMF) lowered China's growth for this year citing "large-scale disorderly corporate debt defaults or restructuring". The IMF added that "China's property sector could reverberate widely".

The International Monetary Fund(IMF) lowered China's growth for this year citing "large-scale disorderly corporate debt defaults or restructuring". The IMF added that "China's property sector could reverberate widely". IMF predicted China will grow at 8.0 per cent this year down by 0.1 percentage point from its July estimate. Also Read | Now, China's move to cut silicon production disrupts global economy China has been hit by coal and power shortages including the Evergrande property crisis. Evergrande has been struggling to clear its massive $300 billion in liabilities dragging down markets. "China's prospects for 2021 are marked down slightly due to stronger-than-anticipated scaling back of public investment," the IMF said. Also Read: Now, China's move to cut silicon production disrupts global economy In April, the IMF had pegged China's growth this year at 8.4 per cent. The international fund also lowered China's growth for next year to 5.6 per cent. The IMF also highlighted "stronger-than-anticipated" pullback in public spending in China leading to growth going on a downward spiral. Also Read: China rust-belt province warns of more shortages in energy crisis The IMF projected the global economy would to grow at 5.9 per cent in 2021 and 4.9 per cent in 2022 which is 0.1 percentage points lower for 2021 than the July forecast. According to IMF, India's economy is expected to grow by 9.5 per cent in 2021 and 8.5 per cent in 2022. "The outlook for the low-income developing country group has darkened considerably due to worsening pandemic dynamics," Gita Gopinath, chief economist of the IMF, said. (With inputs from Agencies)

IMF cuts China's growth forecast amid 'disorderly corporate debt defaults'

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Amid energy crisis, China's coal production reached record levels last year

IMF cuts China's growth forecast amid 'disorderly corporate debt defaults'