"In May, China’s energy authority announced a public consultation for a draft energy law, setting the agenda for “green, low-carbon” production and a “safe and efficient” energy system. The draft law, which has been 13 years in the making, is an omnibus bill that seeks to unify China’s diverse laws governing coal, renewables and energy conservation. Five years after the signing of the Paris Agreement, references in the bill that position it as a “response to climate change” are welcome. Unfortunately, the proposed legislation also specifies the need for further exploration of fossil fuel energy sources such as coal, oil and natural gas. This matters because under the Paris Agreement, China committed to peak carbon dioxide emissions around 2030 or earlier if possible. China is the largest public financer of fossil fuels, providing US$20.2 billion a year for oil and gas and US$4.4 billion for coal, according to a recent report on G20 financing. China also ranks as the world’s largest producer and investor in clean energy and while coal still occupies the top spot in the country’s energy mix, its share is declining. However, the country’s effort to reduce emissions is being undermined by a relaxation of coal-power restrictions, which has led to approximately 10 gigawatts of new approvals at home and the financing of coal projects overseas..."