'Betting on a low carbon future': why China is ending foreign coal investment

Xi Jinping's promise reflects growing awareness of the climate crisis in China and falling renewable pricesTuesday's pledge by China's president, Xi Jinping, to cease building new coal-fired power projects outside the country is welcome news to environmentalists around the world. It came on the anniversary of Xi's unilateral pledge to reach carbon neutrality by 2060. Last year, Xi also promised that China will peak its emissions by 2030."China will step up support for other developing countries in developing green and low-carbon energy, and will not build new coal-fired power projects abroad," Xi said in his pre-recorded video address at the annual UN gathering. Continue reading...