Amid Market Pressure, China Pledges To End Overseas Coal Financing

September 21, 2021
China, the world’s largest greenhouse gas emitter and an increasingly large supplier of development aid, is joining other countries in pledging to end financial support for building coal power plants abroad, even while falling short of strengthening targets for limiting its own emissions. Experts say the country’s new move on coal financing reflects China’s sensitivity to international market pressures -- with Western-led capital organizations increasingly focused on low-carbon energy -- even as it resists external pressures to set tighter domestic...

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