China targets 500 million metric tons coal capacity cut next year

A senior official from China's energy sector indicated that the nation is likely to meet its ambition of reducing coal capacity by 500 million metric tons. The plan was originally scheduled over a period ranging from three to five years. The industry representative suggested this reduction target could be reached significantly earlier than expected, potentially by late next year. This move would accelerate the government's transition away from thermal power generation toward alternative energy sources. Officials emphasized that achieving this milestone would depend on continued progress in decommissioning older power plants and approving new renewable projects. No further details regarding specific implementation steps or exact deadlines were provided beyond the optimistic timeline set by the official.