Both China and the US launch new financial attacks against climate change.
Depending on when China’s new coal policy comes into force, it could decommission 47 planned power plants in 20 developing countries, which, according to the E3G Think tank, use the fuel that emits most heat-trapping gases-about as much coal power as from Germany.
This came just hours after US President Joe Biden announced a doubling of aid to the two nations to help them shift to cleaner energy and manage the worsening effects of global warming.
This could give momentum to crucial climate negotiations in Glasgow, Scotland, in under six weeks, experts said.
A bilateral US-China agreement paved the way for the historic 2015 Paris agreement.
“China 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.”
President Xi at #UNGA
— Chinese Mission to UN (@Chinamission2un) September 21, 2021