The announcement in New York was considered a milestone in climate protection: “China will not build new coal-fired power projects abroad” – that was Xi Jinping’s promise at the last UN General Assembly. Until then, the People’s Republic had been the last major state donor for coal projects. Between 2000 and 2019, China’s biggest development banks injected nearly $52 billion into 66 coal-fired power plants abroad after Western development banks gradually exited the business (China. Table reported).
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