October 25, 2021

Raven Tribune

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Shi: China in UN General Assembly: “No new coal-fired power plants abroad”

G. in the UN General Assembly
China: “No new coal-fired power plants abroad”

The state-owned Bank of China is considered the world’s largest financier for coal projects. Now President Xi Jinping has announced a turning point. China no longer wants to build coal power plants – at least not overseas.

In the fight against global warming, President Xi Jinping has said that China will no longer build coal-fired power plants abroad. “China will increase its support for other developing countries in the development of green and low-carbon energy,” G said at a public discussion at the UN General Assembly in New York. China will not build new coal-fired power plants abroad. Shi said in his video speech that when it comes to economic development, the focus should be on “harmony between people and nature”.

China is currently undertaking infrastructure and other construction projects in several countries as part of its new Silk Road project – and will also be open to coal power. According to a group of NGOs, the state-owned Bank of China owns one of the world’s largest coal projects and has paid about $ 35 billion in the sector since the 2015 Paris Agreement.

368 new power stations are planned

China, the world’s largest emitter of greenhouse gases, is investing heavily in domestic coal-fired power to ensure economic growth. Last year, coal-fired power plants with a total capacity of 38.4 GW were connected to the grid. The country also plans 368 new power plants with a capacity of 187 gigawatts, according to a report by the Carbon Tracker Expert Group in June.

The Chinese government has announced that it will reduce CO2 emissions before 2030. By 2060 the country should be CO2 neutral.

The Paris Climate Protection Agreement, passed in late 2015, aims to reduce global warming by two degrees compared to the pre-industrial period and is seen as a milestone in the fight against climate change. A recently released UN report sees the Earth on a dangerous path of 2.7 degrees warming without a drastic change in direction. The next climate conference COP26 will be held in Glasgow, Scotland from October 31 to November 12.

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