China pledges to stop financing coal plants abroad
Will it have more to offer at the climate summit in Glasgow?
IN A SPEECH by video-link, Xi Jinping, China’s president, told the UN on September 21st that his country would stop supporting new coal-power projects overseas. Since 2013, 95% of the funding for coal-fired power plants that came from outside the countries where the plants are located has come from China, Japan and South Korea. In April South Korea vowed to end state-backed financing of coal plants abroad; in June Japan pledged to do the same. Climate campaigners are celebrating China’s decision to follow suit.
This article appeared in the China section of the print edition under the headline “Low-hanging fruit”
From the September 25th 2021 edition
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