China will not build new coal-fire projects abroad, a move that could be pivotal in tackling global emissions. President Xi Jinping made the announcement in his address at the United Nations General Assembly. China has been funding coal projects in countries like Indonesia and Vietnam under a massive infrastructure project known as the Belt and Road initiative. But it has been under pressure to end the financing, as the world tries to meet Paris climate agreement targets. “China will step up support for other developing countries in developing green and low-carbon energy, and will not build new coal-fired power projects abroad,” Mr Xi said in a video recording at the annual summit. No further details were provided, but the move could limit the expansion of coal plants in many developing countries under China’s Belt and Road Initiative (BRI).
BBC 22nd Sept 2021 read more »
China has delivered what is being described as a “killer blow” to the Australian export thermal coal industry after vowing to stop finance of new coal plants beyond its borders.
Renew Economy 22nd Sept 2021 read more »
Independent 21st Sept 2021 read more »