China doubles down on coal plants abroad despite carbon pledge at home

BEIJING: China will press ahead with its multi-billion-dollar financing of coal plants in developing countries, a top climate official said Tuesday, despite Beijing’s stated aim of slashing carbon emissions.

In 2020, China opened three-quarters of the world’s newly funded coal plants, according to the UK-based monitor CarbonBrief, and accounted for more than 80 percent of newly announced coal power projects.