China halts new coal-fired power plants abroad in boost for climate action

[Song Hong]

Chinese President Xi Jinping said on Tuesday that China would stop building new coal-fired power plants abroad, marking a historic shift away from the fossil fuel before the United Nations climate summit in November.

“China will step up support for other developing countries in developing green and low-carbon energy and will not build new coal-fired power projects abroad,” Xi said in pre-recorded remarks to the United Nations General Assembly.

The pledge follows commitments by other major financing countries such as Japan and South Korea. At the Earth Day summit in April, South Korean President Moon Jae-in said his country would end public investment support for overseas construction of coal power plants. A month later, Japan joined the rest of the Group of Seven nations in committing to end international coal financing by the end of this year.

China halts new coal-fired power plants abroad in boost for climate action

President Xi Jinping tells UN General Assembly that China will support low-carbon energy and stop building coal-fired projects, a move welcomed internationally.

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[Hyde]

From one perspective I am happy to hear this and hope the entire world moves collectively towards green energy

on the other hand I feel like when it’s our turn to build our economy from coal the whole world woke up about the disadvantages

the future is surely green and we need to invest in infrastructure so that we can build very efficient solar and wind panels domestically. If we can do good job in it, it’s billions of dollars worth of market

 

[Song Hong]

From one perspective I am happy to hear this and hope the entire world moves collectively towards green energy

on the other hand I feel like when it’s our turn to build our economy from coal the whole world woke up about the disadvantages

the future is surely green and we need to invest in infrastructure so that we can build very efficient solar and wind panels domestically. If we can do good job in it, it’s billions of dollars worth of market

The US and West corner China to make this decision. Coal = monies = development. China developed fast at a point because she is able to build large number of coal plant, making cheap power.

No coal, no development. And developing countries cant afford other kind of power. Basically the west want to burn the bridge.

 

[hualushui]

This will increase manufacturing costs in developing countries.

 

[nang2]

Many manufacturing centers in China now face power shortage because the government wants to meet the goal of CO2 reduction.