China will no longer build new coal-fired power stations abroad. Chinese President Xi Jinping has pledged that in his speech to the United Nations Annual General Assembly.
Xi did not provide details, but it may mean that the financing of coal power stations in developing countries will be limited. China is under severe diplomatic pressure to stop funding coal abroad. China‘s decision will make it easier for the world to meet the CO2 emissions targets of the Paris climate agreement.
“China will provide more support to other developing countries in the development of green and low-carbon energy, and will not build new coal-fired energy projects abroad,” Xi said in its pre-recorded video speech. In the speech, he also stressed that China has peaceful intentions in the field of international relations.
US ‘absolutely delighted ‘
Previously, South Korea and Japan made similar commitments. UN Secretary General Antonio Guterres and US climate envoy John Kerry urged China to follow the example of those two Asian countries.
“Accelerating the global phase-out of coal is the all-important step to keep the 1.5 degree target of the Paris Agreement within reach,” Guterres said in a statement.
Kerry said he is “absolutely delighted” by the Chinese president’s announcement.