China to Stop Building Coal Plants in Developing Nations
upstart writes:
China to stop building coal plants in developing nations:
Chinese President Xi Jinping used his speech to the United Nations General Assembly to announce a major new step towards controlling global emissions. After reiterating his own country's climate pledges, Xi said that China would start making it easier for other countries to keep emissions in check: new support for renewable energy projects and an end to construction of coal plants.
[...] China had already committed to having its emissions peak at the end of this decade and to reach carbon neutrality by 2060. But until this point, its development banks were continuing to finance coal plants, and its companies would often construct them. In a recorded speech played at the UN today, however, Xi indicated that this would stop: "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."
That was the full extent of his words on the topic, however, so that leaves out plenty of details regarding the timing and extent of the halt. The most critical issue will be how far along projects will have to be before they're allowed to continue.
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