In climate landmark, China promises to end coal funding overseas

Published by
The Bangkok Post

UNITED NATIONS (UNITED STATES) – China will stop funding coal projects overseas, President Xi Jinping announced Tuesday, all but ending the flow of public aid for the dirty energy contributing to the climate crisis. Xi made his announcement at the UN General Assembly where US President Joe Biden, seeking to show leadership in a growing competition with China, promised to double Washington’s contribution to countries hardest hit by climate change. China is still investing in coal, reducing the impact of Xi’s commitment, but it is by far the largest funder of coal projects in developing countrie…

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