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China to stop building coal power plants abroad
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.
China to stop building coal energy plants abroad
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.
News
Ukraine Russia peace talks stall with no breakthrough
Zelenskiy blames Moscow for stalling Geneva peace talks; negotiations to resume amid unresolved eastern territory and nuclear power plant disputes.
Zelenskiy blames Moscow for stalling Geneva peace talks; negotiations to resume amid unresolved eastern territory and nuclear power plant disputes.
Two days of high-stakes negotiations in Geneva have ended without a breakthrough, as Ukraine and Russia failed to reach an agreement on key issues in the ongoing war. Despite international pressure, both sides walked away without a deal.
President Volodymyr Zelenskiy accused Moscow of deliberately stalling United States-mediated peace efforts, while Russia signalled it would not accept terms it sees as unfavourable. The White House says further talks are expected.
Major sticking points remain over territory in eastern Ukraine and control of the Zaporizhzhia nuclear power plant, with both sides rejecting proposals that would involve significant territorial concessions.
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Iran on edge as military build up meets domestic unrest
Iran strengthens military and nuclear sites amid US carrier presence, escalating fears of confrontation and internal dissent pressure.
Iran strengthens military and nuclear sites amid US carrier presence, escalating fears of confrontation and internal dissent pressure.
Iran is ramping up military readiness as tensions with the United States intensify, with Tehran fortifying key nuclear sites and reviewing defence strategies amid the deployment of U.S. aircraft carriers in the region. Leaders in the Islamic Republic say they are prepared to respond to any imposed conflict, signalling a high-stakes standoff that could reshape regional security dynamics.
At the same time, the regime faces mounting domestic discontent, with security forces cracking down on dissent and carrying out widespread arrests following recent protests. While Iran insists it has made concessions toward a nuclear deal, Washington says key demands remain unmet, leaving negotiations in limbo and the country’s political future under strain.
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Jesse Jackson dies at 84 civil rights leader and presidential candidate
Civil rights leader Jesse Jackson, 84, dies, leaving a legacy in equality advocacy and global diplomacy.
Civil rights leader Jesse Jackson, 84, dies, leaving a legacy in equality advocacy and global diplomacy.
Civil rights icon Jesse Jackson has passed away at the age of 84. Known as a servant leader, he dedicated his life to giving a voice to the oppressed and advocating for equality worldwide.
Jackson founded Operation PUSH and the National Rainbow Coalition, and served as a special envoy to Africa under President Bill Clinton, leaving a lasting impact on global diplomacy and social justice.
He also ran for the Democratic presidential nomination in 1984 and 1988, played a key role in US politics, and helped secure the release of hostages abroad, remaining a tireless advocate until his passing.
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