China Stops its Oversea funding of Coal Project
Sep 22, 2021 ·
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Chinese President Xi Jinping says that China would no longer fund the construction of new coal-fired power projects overseas, surprising the world on climate for the second straight year at...
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Chinese President Xi Jinping says that China would no longer fund the construction of new coal-fired power projects overseas, surprising the world on climate for the second straight year at the United Nations General Assembly.
China has supported coal projects in developing countries including Indonesia and Bangladesh and has been under heavy diplomatic pressure to put an end to the financing to help the world meet the goals of the Paris climate agreement to reduce carbon emissions.
Xi’s announcement on Tuesday followed similar moves by South Korea and Japan earlier this year.
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China has supported coal projects in developing countries including Indonesia and Bangladesh and has been under heavy diplomatic pressure to put an end to the financing to help the world meet the goals of the Paris climate agreement to reduce carbon emissions.
Xi’s announcement on Tuesday followed similar moves by South Korea and Japan earlier this year.
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