Analysis: China clean energy plan hinges on coal price
BEIJING (Reuters) - China's $736-billion push to harness nuclear, wind, solar and biomass energy hinges on making the cleaner fuels competitive with cheap and CO2-intensive coal without derailing surging industrial growth.
The world's second-largest economy faces formidable challenges to make the plan work. Beijing must upgrade its rickety electricity grid, open up the network to alternative energy and raise tariffs to make new energy sources competitive with coal-fired power. All that while retaining investor confidence China will remain the low cost factory of the world.