This is the announcement that China has increasingly been expected to make.For nearly a decade now coal fired power stations have been a key feature of Xi Jinping's awkwardly named Belt and Road Initiative of foreign investment.Crucial details will need to be cleared up; when will this take effect? Will it cover new power plants approved but not yet built? Will China also stop financing new coal fired power stations abroad?Half the coal burned in the world is burned in China.
Mr Xi's address came after US President Joe Biden gave his maiden speech at the United Nations during which he urged countries to work together as never before to tackle global problems such as climate change and the pandemic. "The future will belong to those who give their people the ability to breathe free, not those who seek to suffocate their people with an iron hand," Mr Biden said.
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