BREAK: Xi Jinping says China will stop building coal plants overseas. This almost completely ends the international finance of coal in a single sentence.— Karl Mathiesen (@KarlMathiesen) September 21, 2021
He also said they'll be investing in green alternatives, for anyone worried about leaving those countries stranded
"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 told the General Assembly. He did not lay out a timeline to end that financing, but the country has not directed any funding from its Belt and Road Initiative toward coal power plants so far this year.
He also said they'll be investing in green alternatives, for anyone worried about leaving those countries stranded