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CHINA: Power shortages reflect price controls, “campaign-style” climate efforts

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The combination of surging coal prices and inflexible, government-controlled electricity prices has imposed financial losses on coal-fired power plants, prompting them to cut production.
Political pressure on provincial governments to meet ambitious targets on cutting carb...

 

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CHINA: Power shortages reflect price controls, “campaign-style” climate efforts

The combination of surging coal prices and inflexible, government-controlled electricity prices has imposed financial losses on coal-fired power plants, prompting them to cut production.