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This means that renewables, which have lower individual production costs, end up having to share the price burden of more expensive fossil fuels.

Liaoning province in Northeast China saw a major onshore wind power project connect to the state grid and go into operation on Saturday.

The construction of a mega solar and wind power base in North China's Inner Mongolia autonomous region will further facilitate the country's low-carbon energy transition and ensure domestic energy security, industry experts said.

A mega solar and wind power base kicked off construction in China's seventh-largest desert on Wednesday.

Thanks to the large-scale development of clean energy, especially solar and wind power, consumption of fossil fuels is expected to decrease by 3.15 billion ton standard coals during the 2030-60 period, Dai said.

Experts highlight role of govt plan in bringing upgrades in traditional, clean energy sectors.

Prices of key metals are likely to fall in 2023 but are still above 10-year averages, according to Fitch Ratings.

Australian resources firm IGO has resumed mining and processing nickel following a 3 December fire at its Nova operation in Western Australia (WA).