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NBC News

China’s coal-fired power share falls to 49.7% in six months to June, first time below 50%

AI Market Summary
China's power mix shifted as coal's share fell below 50% for the first time while renewables exceeded 40%, underscoring accelerating energy-transition momentum. Near-term coal burn may still rise with strong electricity demand from EV adoption and AI data centers, but the structural trend favors higher wind/solar and storage deployment. The news can influence expectations for Chinese fossil fuel intensity and regional fuel demand mix.
Impact level
● Medium
Affected assets
NCCO7241NATGAS2USD/USDT+0.78%
AI Insight · NCCO7241NATGAS2USD/USDTAI Insight
● Neutral
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China generated 49.7% of its electricity from coal in the six months to June, marking the first time the share has fallen below 50%. Renewable energy rose to 41.2% over the same period, the first time it exceeded 40%. Wind and solar together accounted for 24.6% of total generation, officials said.
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