China’s pledge to stop building coal-fired power plants overseas could cull $50 billion of investment as it slashes future carbon emissions, analysts said, although Beijing’s own domestic coal program is still propping up the dirty fossil fuel
China’s President Xi Jinping has declared that his country stop building new energy projects abroad that use coal, a move that was immediately welcomed by the United States and the head of the United Nations’ climate change conference.
The announcement at the UN General Assembly could affect 44 coal plants earmarked for Chinese state financing, totalling $50 billion, according to Global Energy Monitor, a U.S. think tank.
That has the potential to reduce future carbon dioxide emissions by 200 million tonnes a year, the think tank told Reuters.
Environmental groups said it would force big coal financiers like the Bank of China, linked with 10 gigawatts of overseas coal power capacity, to draw up a timetable to withdraw from the sector.
Beijing is the largest source of financing for coal power plants globally
Xi’s announcement will have a far-reaching impact on coal power expansion plans in countries like Bangladesh, Indonesia, Vietnam and South Africa.
However, Xi’s carefully worded statement revealed few details and left room for existing projects to continue.
There are already more than 20 Chinese financed coal-fired power units under construction in the world, according to data from the Boston University Global Development Policy Center.
Another 17 are in the planning stage.
The new commitment also doesn’t address China’s plans to expand its own coal-fired power plants.
According to a report published by a European think tank, China’s domestic program accounts for more than half of all the coal-powered plants under construction through the world.
Zelensky addresses the U.N. as protests break out in Russia
Zelensky addresses the U.N. as protests over Putin’s mobilisation plan break out in Russia
Ukrainian President Volodymyr Zelensky addresses the U.N. General Assembly in New York.
Zelensky says his nation just wants peace and believes Russia should be punished and ostracised for its actions.
“A crime has been committed against Ukraine and we demand just punishment. The crime was committed against our state borders. The crime was committed against the lives of our people,” Zelensky said. “Ukraine demands punishment for trying to steal our territory”.
In the powerful speech, the Ukrainian President also called for Russia to lose its U.N. veto power. Russia is currently one of the five permanent members of the Security Council.
He is also seeking more military aid, pleading for more weapons to help liberate his country’s land.
Protests engulf major Russia cities
In Russia, police have arrested hundreds of protestors who are rallying against Vladimir Putin’s military mobilisation.
Human rights group OVD Info estimates more than 1,000 people have been taken into custody so far. The largest number of arrests were made in St Petersburg and Moscow.
As the Kremlin announced its intention to call up thousands of extra troops to fight the warn in Ukraine, flights departing Russia sold out almost immediately.
The mobilisation will likely see at least 300,000 military reservists drafted to bolster Russia’s forces.
In Moscow, the prosecutor’s office is warning that calls on the internet to join protests, or participation in these protests, could result in up to 15 years in jail time.
Russia’s disinformation laws about the war have made public demonstrations rare.
In his first national televised address since the war began, Putin said he will use “all available means” to protect Russian territory.
In theory, this could include nuclear weapons.
NATO Secretary General Jens Stoltenberg says the alliance remains vigilant.
“We will make sure that there is no misunderstanding in Moscow about exactly how we will react. Of course it depends upon what kind of situation or what kind or weapons they may use. The most important thing is to prevent that from happening and that is why we have been so clear in our communications with Russia about the unprecedented consequences,” Stoltenberg said.
Meanwhile, Putin’s mobilisation follows weeks of heavy losses for Russia in Ukraine, with Kyiv recapturing a huge area just east of Kharkiv.
U.S. to provide Ukraine with tanks in the future
U.S. to provide Ukraine with tanks in the future, but there is a catch
The U.S. will provide tanks to Ukraine in the future, but issues with maintenance and training may delay the rollout.
Ukraine has received billions of dollars worth of weapons and military equipment, allowing the war-torn nation to defend itself against Putin’s regime.
Russian forces are continuing to “conduct airstrikes that are impacting civilian infrastructure”, most recently striking a “dam near Kryvyi Rih”, according to a top U.S. official.
“This disturbing pattern which includes strikes that hit power stations last week continues to show Russian forces’ disregard for civilian life,” the official added.
When it comes to further military aid, the offical confirmed tanks are “absolutely on the table”, but are not an option for the immediate battle.
Once training, maintenance and sustainment issues are addressed, the roll out is more likely.
This follows verified reports Ukraine has successfully shot down 55 Russian
Ukrainian President Volodymyr Zelensky vowed there would be no let-up in fighting to regain
territory lost to Russia.
Mass burial site discovered in Ukraine
A mass grave with over 400 bodies has been found in Ukraine’s Kharkiv region
The price of war is beginning to reveal itself in Ukraine as a mass grave, with over 400 bodies has been discovered in the recently liberated Kharkiv region.
The burial site was found in the city of Izyum, an area captured by Russian forces at the beginning of the war, and a victim to ultimate brutality.
Over recent days, Ukrainian forces have recaptured the area. So far, they have discovered over 1000 bodies in the city, with this number rising every day.
The mass grave site shows the extent of Russia’s atrocities, although Russia denies responsibility.
Ukrainian President Volodymyr Zelensky is launching an investigation and says “Russia leaves death everywhere and it must be held accountable for that.”
Russia will formally annex Ukraine regions Friday
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