China to step up strategic mineral resource exploration

(Image: Pixabay.)

China will step up exploration of strategic mineral resources including petroleum, natural gas, copper, chrome, tungsten, rare earths and others during 2021 to 2025, the top economic planner said on Friday.

The National Development and Reform Commission revealed the plan for promoting development in resource-dependent regions on its website.

China is also likely to end up in opposition to efforts at COP26 climate talks to phase out coal worldwide and urge countries to beef up their emissions plans as soon as next year.

Energy security concerns will keep China from supporting the proposal on coal, according to a person familiar with China’s position who asked not to be named.

While China plans to peak emissions by 2030, the country is now in the grips of an energy crisis and is ramping up coal output to record levels.

(With files from Reuters and Bloomberg)

Comments

Your email address will not be published. Required fields are marked *

More News