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Letzte Aktualisierung: September 23, 2021

Turning away from coal offers opportunities for wind and solar sectors

China wants to end the construction of new coal-fired power plants abroad. This may also mean an end to the financing of coal-fired power by Chinese development banks – which could be an important step in the fight against climate change, as Beijing invested billions in this sector in the past. But the devil is in the details.

Nico Beckert
Nico Beckert
"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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