LyrArc Article Gist
Chinese president Xi Jinping has set strict carbon emissions targets for 2021, in his commitment to achieve peak carbon emissions by 2030 and carbon neutrality by 2060. Power cuts for industry are put in place to meet the targets. A 56% rise in coal prices is also making it less profitable for power plants to generate electricity. This will further reduce Chinese GDP growth. Banks have cut year over year GDP growth for quarters three and four to 4.7% and 3%.

LyrArc Article Gist
This analysis of coal use using graphs shows a clear move away from coal in the world, except for two growth markets China and India which account for 60% of the increase in coal use since 2008. India has gone black in its shift to increasing use of coal. China has begun the shift away from coal to address the smog over large urban areas, poor air quality and health impact of coal use. Because China used five times the coal used by India in 2017, the overall impact in China and India is showing a shift away from coal to hydropower, other renewables including solar energy. It is likely that India will make the shift following China's example in the future. 

The trend is clear when one looks at the incremental terawatt hour and where it comes from. The shift is clear to renewables, hydropower, and non fossil uses in the rest of the World and China which account for most of the coal use in the world.