China aims for renewables to account for at least 50% of its installed capacity by 2050, and energy storage would allow the country to ensure stable operation of the electric grid system.

At the close, the Shanghai Composite index was up 0.66% at 3,553.72 and the blue-chip CSI300 index was up 1.13%.

The agreement between IRENA and Chinese Ministry of Ecology and Environment will enhance cooperation on the energy transition between the two to ensure China moves closer to its 2030 carbon emissions reductions and 2060 carbo-neutrality targets.

China Three Gorges Power Corporation (CTGPC) has started to produce power from the first two 1 GW units of the 16 GW Baihetan hydropower plant on the Jinsha River, the upper section of the Yangtze, between the borders of the southwest provinces of Yunnan and Sichuan (China).

Chinese blue-chips fell more than 1%, taking MSCI’s index of emerging market shares 0.4% lower. Investors are also looking forward to U.S. jobs data that could sway the Federal Reserve’s policy outlook.

The Plan targets non-fossil fuel energy reaching only 20% of China’s energy supply by 2030; this means that coal must remain China’s dominant electric power generation fuel source for the foreseeable future.

A conservative estimate would be for coal consumption of around one billion metric tonnes in 2050, still contributing 10%-15% of China's total energy consumption

The most-traded coking coal futures contract on the Dalian Commodity Exchange , for September delivery, ended at 2,037 yuan ($314.24) per tonne.

t the close, the Shanghai Composite index was up 0.25% at 3,566.22, rising for the third consecutive session. The blue-chip CSI300 index was up 0.49%.

The blue-chip CSI300 index rose 0.6% to 5,122.16, while the Shanghai Composite Index closed up 0.8% at 3,557.41.