Business Standard

Friday, December 20, 2024 | 07:29 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

World energy crisis would be even worse without China's rainy season

Hydro is still China's biggest carbon-free energy resource, accounting for about as much power as solar, wind and nuclear combined, although growth has flattened as topography limits expansion

clean-energy-sector
Premium

“Regions importing hydropower from southwest China are certainly able to alleviate some pressure of high thermal fuel costs,” said David Fishman, a Shanghai-based analyst with The Lantau Group.

Bloomberg
As bad as the world’s energy crisis has been this year, it would been much worse without a wetter-than-usual start to China’s rainy season.
 
While heavy downpours in southern China have been a public safety crisis, closing schools and causing fatalities, they’ve also led to reduced air-conditioning demand and surging hydropower generation. Both have lessened the need for fossil fuels, allowing the world’s biggest coal and gas importer to cut purchases and leave more supply for other energy-starved nations.

Hydro is still China’s biggest carbon-free energy resource, accounting for about as much power as solar, wind and nuclear combined, although

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in