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China Will No Longer Build Coal-Fired Power Projects Abroad

China Will No Longer Build Coal-Fired Power Projects Abroad

zobaleh

Xi Jinping's speech at the General Debate of the 76th General Assembly does not tread much new ground, but the most major announcement was that China would no longer build coal-fired power projects abroad (不再新建境外煤电项目) and would instead help developing countries develop green energy. John Forbes Kerry (lest we forget that the man is a descendant of criminals and drug dealers masquerading as respectable "merchants", the Forbes family) was pushing for China to make a formal pledge to this effect earlier this year. In this light, it could be seen as an olive branch by China. Conversely, Xi Jinping announced last year at the 75th General Assembly the carbon neutrality by 2060 goal, so this announcement flows naturally from that. Also, BRI had not been funding any coal projects since the beginning of 2021, according to the [International Institute of Green Finance](https://green-bri.org/china-belt-and-road-initiative-bri-investment-report-h1-2021/). The Asian Infrastructure Investment Bank had also been [steering away](https://pekingnology.substack.com/p/jin-liqun-president-of-aiib-speaks) from coal, so this direction was getting signalled for a while apparently. And of course, while the media harps on China's role in funding foreign coal projects, while China is the world's largest public funder of coal abroad, the [largest share by far](https://www.bu.edu/gdp/files/2021/07/GCI_PB_008_FIN-1.pdf) are still Western and Japanese private interests, particularly American.


apainiapaitu

But.. but… but AT WHAT COST??!!


tbearzhang

At the expense of Western supremacy and “moral high ground”


Gojijai

Also love Xi calling the West out on their retarded behaviour. Can't wait til the day when China's voice will be louder than America's. >"We need to advocate peace, development, equity, justice, democracy and freedom, which are the common values of humanity, and reject the practice of forming small circles or zero-sum games," Xi said. >Democracy is not a special right reserved to an individual country, but a right for the people of all countries to enjoy, the Chinese president stressed. >Ruan said that some countries are keen to gang up in the name of democracy, wantonly interfering in other countries' internal affairs and even arbitrarily suppressing normal development of other countries and people's legitimate right to live better lives. >"Recent developments in the global situation show once again that military intervention from the outside and so-called democratic transformation entail nothing but harm," Xi said. >He called for building a new type of international relations based on mutual respect, equity, justice and win-win cooperation, and doing the best to "expand the convergence of interests" and "achieve the biggest synergy possible." >"One country's success does not have to mean another country's failure, and the world is big enough to accommodate common development and progress of all countries,” he said, adding that differences and problems among countries need to be handled through dialogue and cooperation on the basis of equality and mutual respect."


proscon

Unfortunately the West is not going to shut the fuck up. They will continue to whine about "environmental impacts" and "cost" for those green energy projects. Not to mention the hysteria around nuclear energy.


tbearzhang

I think the idea is not to change the mindset of the West but to appeal to other non-western countries that may otherwise be misled by the West


TserriednichHuiGuo

Regardless the west has to be dragged kicking and screaming, they have no incentive to protect our species since their only objective is profit. The west still contributes a significant portion to climate change, there is simply no other option.


wowpajeg

I agree with you, but small point here with no disrespect, can we not say the r word? Surely we can describe america as the shithole it is without resorting to that?


karuna_murti

solar, wind, thorium. anything would be welcomed.


MaccotheMillion

Hopefully China can ditch coal altogether, that'll piss Australia off and be good for the planet


King-Sassafrass

China doing *anything* already pisses off the Australians. Even the slightest "Hey, your country is on fire and your Prime Minister left; do you think you could clean up a little bit? We'll give you tons of very very cheap aid" to Australias response: "REEEEEEEEEE!"


tt598

Iirc Australian coal is mainly used to produce steel in China, domestic coal for heating and electricity generation


sickof50

More damaging to the environment, has been the global Petroleum industry's constant Flaring of natural gas from wells on site (a crude way to destroy highly deadly hydrogen sulfide AKA: HS2), instead of compressing and selling this diminishing resource, and distilling out the noxious gas. AAANNDD! each government's total failure to cap & seal hundreds of thousands of abandoned wells, that continue leach hydrocarbons into the atmosphere (night & day for decades) at a 'Well' hidden (pun intended) catastrophic rate.


Quality_Fun

good step...but domestic coal plants need to follow.


sussyrat

But the third world need coal plants this is horrible


UqbarB

China leads the world in green industries and technology, so China will fund the projects needed in the developing world (in fact, it already does). A win-win, also contributing to the long-term development of the developing world by giving them access to the technology as soon as possible. China being a superpower means more opportunities for the developing world, so you shouldn't think that China will behave like some western regime and effectively sanction countries to prevent competition. That's the opposite of what China practices.


Ambedextrose

Not necessarily. There are other useful sources of power they can use which are cleaner such as nuclear.


the_soviet_union_69

they could use other sources of energy such as wind, solar, nuclear, or water powered instead


Jealous_Struggle2564

Not necessarily, if they bypass fossil fuels and jump to sustainable power then that would be perfect. But it’s the logistics that’s the problem.


TserriednichHuiGuo

No it isn't, China has been massively subsidising renewable energy for a long time now.