China will stop funding coal projects overseas, Xi tells UN
The Hindu
He vows to step up efforts to fight climate change
China will stop funding coal projects overseas, President Xi Jinping said on Tuesday, ending a major source of support for a dirty energy contributing to climate change.
Addressing the UN General Assembly, Mr. Xi made the promise as he vowed to accelerate efforts to help the world battle the climate crisis.
“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,” Mr. Xi said in a pre-recorded address.
The 29th edition of the Conference of Parties (COP29), held at Baku in Azerbaijan, is arguably the most important of the United Nations’ climate conferences. It was supposed to conclude on November 22, after nearly 11 days of negotiations and the whole purpose was for the world to take a collective step forward in addressing rising carbon emissions.