✉news EnvironmentClimate first seen 10 h ago, last 1 h ago, peak #28
China kept pledge to stop funding overseas coal, but loopholes remain
Original: China has kept its promise to stop funding overseas coal, but loopholes are helping coal expand
China has largely honoured its 2021 commitment to stop financing new overseas coal power projects, but reporting shows coal expansion continues through loopholes. Projects are still moving ahead via mechanisms that fall outside the scope of the pledge, including transactions structured before the announcement or channelled through other forms of support, allowing coal development to continue in participating countries.
Why now: Ongoing coal expansion despite China's high-profile climate pledge raises questions about the effectiveness of its commitment ahead of global climate talks.
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Evidence
- China has kept its promise to stop funding overseas coal, but loopholes are helping coal expand · ABC News - Breaking News, Latest News and Videos
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