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BUSINESSBloomberg Markets·2d ago

China’s Ban on Overseas Coal Plants Stumbles in Indonesia: CREA

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AI TLDR · GEMINI

China has canceled two-thirds of its planned overseas coal projects following a 2021 pledge to stop building such plants abroad. Despite these reductions, projects in Indonesia continue to face challenges. Meanwhile, China is increasing its investment in green energy development across the Global South.

China has scrapped two-thirds of its planned overseas coal projects since President Xi Jinping pledged five years ago to stop building plants abroad, while stepping up the development of green energy in the Global South.

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