Chinese President Xi Jinping said in a speech to the United Nations on September 21 that Beijing would stop funding coal-fired power plants overseas. Photo: Bloomberg
Chinese President Xi Jinping said in a speech to the United Nations on September 21 that Beijing would stop funding coal-fired power plants overseas. Photo: Bloomberg

China’s switch to financing overseas renewable energy projects from coal-fired power plants to be slow and challenging

  • President Xi Jinping said last month that China will no longer build new coal-fired power projects abroad, and will increase support for low-carbon projects
  • In Southeast Asia, an immature regulatory environment and insufficient power grid investment are seen as hurdles to investment despite a clear preference for renewable energy projects

Topic |   Climate change
Chinese President Xi Jinping said in a speech to the United Nations on September 21 that Beijing would stop funding coal-fired power plants overseas. Photo: Bloomberg
Chinese President Xi Jinping said in a speech to the United Nations on September 21 that Beijing would stop funding coal-fired power plants overseas. Photo: Bloomberg
READ FULL ARTICLE