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Kerry to Press China to Stop Financing Coal-Fired Energy Projects

Kerry to Press China to Stop Financing Coal-Fired Energy Projects

Sha Hua, Timothy Puko and Keith Zhai report for The Wall Street Journal that John Kerry will press China to stop financing coal-fired energy projects.

The C3 Take
  • Global emissions have now rebounded past pre-pandemic levels due in large part to coal-fired power plants in Asia.
  • Despite net-zero promises, China continues to fund and build out coal-fired projects in its country and abroad.
  • Thus far China’s climate goals seem to be more rhetorical than realistic. If we want to truly address climate change, the U.S. must hold China accountable on its environmental promises.

“Beijing doesn’t want to be seen as caving in to pressure from the West, say people familiar with Chinese policy makers’ thinking. Instead, China has been trying to position itself as a major global player in fighting climate change on its own terms.”

Read the full article here.

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