China pledge to stop funding coal projects 'buys time for emissions target' | China | T... - 0 views
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Xi Jinping’s announcement that China will stop funding overseas coal projects could buy the world about three more months in the race to keep global heating to a relatively safe level of 1.5C, experts say.
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Ending Chinese coal financing has long been near the top of climate activists’ wishlists. For more than a decade, China has been the lender of last resort for overseas governments seeking finance for thermal power plants. That role has accelerated since the 2013 start of the country’s belt and road initiative (BRI).
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Xi’s declaration is likely to affect at least 54 gigawatts of China-backed coal power projects,
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