Capital Monitor: China is stopping financing coal power overseas – so what?

Capital Monitor: China is stopping financing coal power overseas – so what?

If the announcement only applies to projects announced from September 2021 onwards, it will have “very few climate-saving impacts because negotiation and implementation of any agreement for coal takes years” and the average coal-fired power plant operates for at least 40 years, says Wang Wawa, programme director at Just Finance International.

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