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Thursday, May 2, 2024

China axes 15 coal plants abroad after Xi pledge, but loopholes remain: study

China has vowed to become carbon-neutral by 2060, but its emissions pledges do not cover fossil-fuel investments abroad.

BEIJING: More than a dozen Chinese coal power projects overseas were cancelled after a ban last year on funding such plants, but loopholes could allow 18 others to still go ahead, according to a study published Friday.

China is the world’s biggest emitter of the greenhouse gases driving global warming. It has vowed to peak carbon emissions by 2030 and become carbon-neutral by 2060, but these do not include its fossil-fuel investments abroad.

It is also the largest public funder of overseas coal plants, and was planning to build 67 in more than a dozen countries when President Xi Jinping announced a ban on…

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