China has kept its promise to stop funding overseas coal, but loopholes are helping coal expand
Despite a 2021 pledge by President Xi Jinping to stop funding overseas coal power plants, loopholes are allowing coal projects to continue expanding globally.
UNITED NATIONS (AP) — Addressing the U.N. General Assembly in 2021, Chinese President Xi Jinping pledged to stop funding overseas coal power plants in an effort to help curb climate change. Five years later, as the assembly meets this week, the world’s climate commitments are dangerously offtrack, and the phase down of coal is inching...
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