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China, India’s sleight of hand on coal

By Seetharaman G in BFO #378, 27 Sep, 21

China made a big splash in the fight against climate change last week. The world’s biggest emitter of greenhouse gases said it would stop financing coal-fired power projects abroad. 

It seems to be a big deal considering what’s at stake: US$50 billion in Chinese state funding for 44 projects, mostly in Asia and Africa. This could cut future carbon emissions by 200 million tonnes per year.