China has withdrawn its backing for the construction of new coal-fired power plants


Posted on 22 September 2021


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For the second year in a row, Chinese President Xi Jinping has surprised the world by announcing that China will no longer support the building of new coal-fired power plants outside of China, stunning the world on climate for the second year in a row at the United Nations General Assembly. China has financed coal projects in developing nations such as Indonesia and Bangladesh, and has been under diplomatic pressure to stop doing so in order to assist the world in fulfilling the Paris climate agreement's carbon reduction goals. Xi's declaration on Tuesday came after similar actions earlier this year by South Korea and Japan. The announcement came only hours after US President Joe Biden unveiled a plan to quadruple financial aid to poorer countries to $11.4 billion by 2024 to help them transition to greener energy and cope with the rising effects of global change. Despite the fact that Xi's speech was light on details, the measures could give COP26, the important global climate conference set to begin in the Scottish city of Glasgow at the end of October, some momentum.


Key Points


  • Chinese President Xi Jinping has surprised the world by announcing that China will no longer support the building of new coal-fired power plants outside of China.

  • Xi's declaration on Tuesday came after similar actions earlier this year by South Korea and Japan.

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