Game changer: China will stop funding overseas coal projects | Climate Change News

Chinese President Xi Jinping has said China will no longer fund the construction of new coal-fired power projects abroad, surprising the world on climate for the second year in a row at the United Nations General Assembly. China has backed coal projects in developing countries including Indonesia and Bangladesh and has been under heavy diplomatic pressure to end funding to help the world meet the goals of the Paris climate deal to reduce carbon emissions. The Xis announcement on Tuesday followed similar moves by South Korea and Japan earlier this year. China will increase support for other developing countries in…