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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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Judge grants request to pause Trump’s federal Jan. 6 case

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Special Counsel Jack Smith moves to vacate pretrial deadlines as DOJ weighs next steps after Trump’s Election Day victory.

U.S. District Court Judge Tanya Chutkan on Friday granted Special Counsel Jack Smith’s request to pause proceedings in former President Donald Trump’s federal Jan. 6 case.

The decision halts upcoming pretrial deadlines, allowing the Department of Justice (DOJ) time to consider next steps after Trump’s recent electoral win.

Smith’s motion filed on Friday highlighted the unprecedented situation, noting, “as a result of the election,” the DOJ seeks to vacate remaining deadlines to “assess this unprecedented circumstance.”

Judge Chutkan agreed, instructing the prosecution to submit a status report on December 2 with its proposed course of action.

The request marks a pivotal step, likely steering toward a halt in prosecution, given the DOJ’s longstanding policy against prosecuting a sitting president.

Trump’s victory, making him the first convicted felon elected to the White House, has prompted DOJ officials to deliberate on how best to close Smith’s two federal cases against him.

Had Trump lost the race against Vice President Harris, the former president could have faced potential prison time.

However, this Election Day win likely shields him from criminal consequences while in office.

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How Donald Trump’s business policies will shape the U.S. economy

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Business leaders are closely monitoring the impact that President-elect Donald Trump’s forthcoming policies might have on the financial landscape.

In a resounding victory, Trump captured both the electoral and popular vote to become the 47th President of the United States.

Trump’s landslide victory is fueling discussions on how his administration’s potential policy changes could reshape tax and trade systems as well as influence global economies.

Vick Tipnes, the CEO of Blackstone medical services joins Veronica Dudo to discuss.

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Usha Vance to make history as the first Indian-American Second Lady

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President-elect Donald Trump is assembling his transition team in Florida alongside Vice President-elect J.D. Vance as they prepare for the upcoming administration.

This election ushers in significant milestones, including Usha Vance, who will be the first Indian American and Hindu to serve as Second Lady of the United States.

As the daughter of Indian immigrants, her presence marks a moment of cultural representation in American politics.

Vice President-elect J.D. Vance praised his wife’s unwavering support, attributing her strength as a key factor in their successful campaign.

This new chapter signals a blend of continuity and change in the White House, promising a term marked by historical firsts and renewed policy efforts.

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