No matter how acute the emissions reduction pressure is, coal and coal-fired electricity are still necessary.

Work teams have been dispatched to Beijing, Tianjin, Hebei, eastern Inner Mongolia, Heilongjiang and Hunan, the National Energy Administration (NEA) said.

Iron ore price up despite Chinese power curbs

"As more measures are expected from the authorities to secure power coal supplies and frustrate the coal price surge, the situation will be reversed."

...starting from the fourth quarter of this year, except for the projects whose contracts the bank has already signed.

Factories usually attract many orders before the Christmas and New Year holidays, he said.

"To make hydrogen out of solar power will also solve the problem of curtailment due to the growing capacity for solar power," he said.

The planned diversification fits in with a global trend of continually deploying resources to further bring down carbon intensity, enhance the functions of the carbon trading system and make technological breakthroughs in related fields.