The Guardian: China pledge to stop funding coal projects ‘buys time for emissions target’

“While we welcome China’s pledge, we are waiting to see how much weight this announcement will hold,” said Wawa Wang, program director of Just Finance International. “Whether Beijing will deliver on this exit from building coal-fired power plants depends on whether it introduces a time-bound exit which reins in all forms of support – finance and construction combined – for all its overseas coal and associated projects.”

The Guardian: Environmentalists say Beijing is exporting a highly polluting model of growth

In recent years Chinese banks have become the lenders of last resort for coal projects in south Asia, Africa, and the Balkans, but Critics say it is a tool to project geopolitical power. From an environmental perspective, the primary concern is that Beijing is exporting a highly polluting model of growth. Read full story on… Continue reading The Guardian: Environmentalists say Beijing is exporting a highly polluting model of growth