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China to stop building coal energy plants abroad

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China to stop building coal energy plants abroad

President of China Xi Jinping has announced China will not build new coal-fire projects abroad

It’s a major move from the communist nation that could be pivotal in tackling global emissions.

President Xi Jinping made the announcement in his address at the United Nations General Assembly in New York which he participated in, virtually from Beijing.

China has long been funding coal projects in other countries such as Indonesia and Vietnam.

Those very projects fall under a massive infrastructure project known as the Belt and Road initiative.

But it has been under pressure to end the financing, as the world tries to meet Paris climate agreement targets.

“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,”

Mr Xi said

No further comment were provided, but the move could limit the expansion of coal plants in many developing countries under China’s Belt and Road Initiative.

The Belt and Road Initiative has seen China previously fund infrastructure such as roads, trains, ports as well as coal plants in a variety of different countries. Many of those nations are classified as a developing country.

China is known to be the most pollutive country in the world, with the nation the largest greenhouse gas emitter.

China has long been heavily reliant on coal for domestic energy needs.

The President mentioned promises made last year about China achieving peak emissions before 2030 and then transitioning to carbon neutrality by 2060.

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Amazon Prime’s ‘The Boys’ Season 4 will explore contemporary political polarisation

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Show creator Eric Kripke hints at a narrative that will not shy away from uncomfortable truths, promising a season that challenges viewers to confront their own beliefs and biases.

Known for its bold satire and unflinching critique of societal issues, the series seems poised to dissect the current climate of division with its trademark blend of dark humour and gritty realism, as reported by Reuters.

Director/Filmmaker Rob Fantozzi unpacks the latest from The Boys and beyond in the entrainment world. #featured

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Tesla shareholders approve historic $56B Elon Musk pay package

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Tesla shareholders have voted to approve Elon Musk’s unprecedented $56 billion compensation package, underscoring their confidence in his leadership and vision for the electric car company.

The package, which is tied to ambitious performance targets, includes a mix of stock options and bonuses contingent upon Tesla’s financial and operational milestones over the next decade.

As reported by Reuters, the approval underscores the support that Musk enjoys from Tesla’s retail investor base, many of whom are vocal fans of the mercurial billionaire.

The proposal passed despite opposition from some large institutional investors and proxy firms.

#featured

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The secret aspect of exercise and trauma release

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Recent studies have shed new light on the profound impact sedentary behavior is having on mental health.

A meta-analysis revealed a strong correlation between increased sitting time and higher rates of depression.

Now, many experts believe that movement and exercise are not only beneficial for mental health but also play a crucial role in trauma release.

Jenni Crumpton Ross, the President and CEO of Kula for Karma joins Veronica Dudo to discuss.

#IN AMERICA TODAY #trending #mentalhealth #business #wellbeing

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