News

15 China-backed coal plants cancelled since Xi’s ban on ‘new projects,’ but loopholes remain


More than a dozen Chinese coal power projects overseas were cancelled after a ban last year on funding such plants, but loopholes could allow 18 others to still go ahead, according to a study published Friday.

China is the world’s biggest emitter of the greenhouse gases driving global warming. It has vowed to peak carbon emissions by 2030 and become carbon-neutral by 2060, but these do not include its fossil-fuel investments abroad.

A coal plant in China’s XInjiang province in 2012. Photo: Wikicommons.

It is also the largest public funder of overseas coal plants, and was planning to build 67 in more than a dozen countries when President Xi Jinping announced a ban on financing “new projects” in September.



Source link

Leave a Reply

Your email address will not be published.