Too much pollution and Beijing cuts the production of mines in Simone Gallotti’s homeland.
Genoa. China’s green turn is helping the coal supply chain. The paradox also favours shipping that finally, at least in the re-etas, sees a rise after the collapse that has been going on for some time.
The government’s extensive emissions reduction programme has led to a massive cut in coal production in China. Already in 2016 a cut of 300 million tonnes had been decided, then only partially applied. Now, as analysts including JP Morgan point out, the halt to production has also been confirmed for 2017: the 150 million tonnes, half of last year’s sharp reduction.