China’s ban on overseas coal power plants is good for the climate … but where’s the support for renewable energy? experts ask [SCMP]
China must do more to redirect resources towards renewable energy projects, even if it has contributed to the world’s efforts to fight climate change by cancelling new coal power projects overseas, analysts said. Beijing’s pledge a year ago has put a “significant dent” in planned coal-fired projects overseas, according to the Centre for Research on Energy and Clean Air (CREA) and Manila-based environmental policy group, People of Asia for Climate Solutions (PACS).
China’s pledge to stop building coal power plants abroad opens door for its renewable energy firms
by Xiaojun Wang | September 30, 2021 | Published by South China Morning Post | READ THE STORY HERE At the 76th UN General Assembly, President Xi Jinping announced that “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”. While international climate watchers applauded the second part of the announcement, Chinese renewable energy companies are cheering the first half. An end to coal means a door opened wider for renewable energy. China is the world’s largest producer, investor and user of renewable energy. According [...]