Coal

Xi says wonโ€™t build coal plants abroad at UNGA

Chinese President Xi Jinping told the United Nations General Assembly (UNGA) that disputes among countries need to be handled through dialogue and cooperation. โ€œOne countryโ€™s success does not have to mean another countryโ€™s failure,โ€ Xi said in a pre-recorded speech. โ€œThe world is big enough to accommodate common development and progress of all countries.โ€

Xiโ€™s comments came hours after US President Joe Biden said he didnโ€™t have any intention of starting a new Cold War itself a response to criticism from the UN chief Antonio Guterres.

Neither President Biden nor Chinese President Jinping gave reference to one anotherโ€™s country directly in high-profile remarks at the UN General Assembly, some say itโ€™s an apparent indication of both leadersโ€™ desire to find areas of cooperation.

Without mentioning the United States directly, he said โ€œmilitary intervention from the outside and so-called democratic transformation entail nothing but harm.โ€

The Chinese President also declared that China will stop funding coal projects overseas.

โ€œChina 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.โ€

China will also increase financial support for green and low-carbon energy projects in other developing countries, he said.

China currently produces the largest share of emissions. It is by far the biggest producer of coal domestically and by far the largest financier of coal-fired power plants abroad, with an enormous 40 gigawatts of coal power planned.

China still has work to do on climate at home, Xi Jinping acknowledged, reiterating a prior pledge to strive to reach peak carbon emissions by 2030 and to achieve carbon neutrality by 2060.

โ€œThis requires tremendous hard work and we will make every effort,โ€ the Chinese leader said. He also reiterated that China aims to provide two billion COVID-19 vaccine doses to the world by the end of the year, and stressed Chinaโ€™s peaceful intentions in international relations, saying that China would never invade or bully others, or seek hegemony.

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