In China, the share of coal-fired generation capacity fell below 50% for the first time. According to the Electricity Council of China, in 2020 the installed capacity of the country's coal-fired power plants reached 1,080 GW, an increase of 29.8 GW. But at the same time, the share of coal-fired power plants in the total installed capacity of power plants in the country fell below 50% for the first time, amounting to 49.1%. According to BP forecast, coal production and consumption, as well as the share of coal in the structure of primary energy consumption in China, will decline by 2050. The share of coal in the structure of electricity production will also significantly decrease - to 31% by 2050.
About the same, in general, says the course of the Chinese government to "green" the economy, which means a decrease in the use of coal.
For the world's major coal producers, including Russia, this means increased competition for a shrinking Chinese market, and therefore a decline in prices. This process will become noticeable in the second half of the 2020s.