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Asia Pacific

China to stop financing overseas coal power projects | Source: Argus

China has pledged to stop building overseas coal-fired power plants, potentially ending a major source of financing for the sector. Beijing will also step up support for green and low-carbon projects in other developing countries. China is a major backer of coal power projects in the global market. Indonesia was the single-largest recipient of China-backed coal-fired power projects, followed by Vietnam and India.

Source: Argus


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