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Turning away from coal offers opportunities for wind and solar sectors

“China will not build new coal-fired power projects abroad.” Instead, the People’s Republic wants to “step up support for other developing countries in developing green and low carbon energy” – this was announced by President Xi Jinping in his speech to the UN General Assembly on Tuesday. Climate and energy experts see the announcement as an important step. The People’s Republic was the last major state to finance coal projects abroad.

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