China ’s new pledge on coal helps the reputation of Belt and Road Initiative, development bank says
. He said China will support other developing countries to move toward to green and low-carbon energy, but did not provide further details."I think this is very much [an] important policy initiative taken by China," Jin Liqun, president of AIIB, told CNBC's
on Thursday."It could enhance the reputation of the Belt [and] Road Initiative," he added.Jin said Beijing has been grappling with how to balance demand from other countries for coal-fired power plants with its climate commitments. Xi said last year that China aims to become
carbon neutral by 2060."Now, I think the decision is made," he said. "The next step is for China to do its utmost to export renewable technology to these low-income countries."A coal fired power plant in Jiayuguan, Gansu province, China, on Thursday, April 1, 2021. headtopics.com
Qilai Shen | Bloomberg | Getty ImagesThe Belt and Road Initiative or BRI is an ambitious program to build physical and digital infrastructure connecting hundreds of countries from Asia to the Middle East, Africa and Europe. The U.S. and many countries have
criticized the BRIfor financing building projects — particularly those involving coal — that harm the environment.Burning coal produces a large amount of carbon emissions, and countries such as Japan and South Korea have previously said they will stop funding overseas coal power projects.
Coal projects wereof the BRI in the last few years. In 2015, coal accounted for 46% of China's energy investments through the BRI, according to the International Institute for Green Finance, a Beijing-based think tank. Read more: CNBC »
Watch: Turtle stranded on Cape Cove rescued by volunteers - CNN Video
Volunteers from three organizations have moved the massive reptile back into the ocean and will continue to monitor its progress.
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America is at last getting serious about countering China in AsiaThe Biden administration deserves credit for setting up AUKUS. Yet the deal still amounts to only half a China strategy Depends how you look AUKUS Glass half empty or half full ! Anyway cheers 🍻 to the effort 👌 There is no limit to the Yanks duplicity. In his UN address, Biden yapped about averting a cold War with China but just before that he sold nuclear submarines down under. This two-face man's right hand does not know what the left is doing. I may be remiss but I thought the last admin was hard pressed about a China strat lmao. Makes it hard when we literally give weapons to their friends who will give it to them to copy and study
Marjorie Taylor Greene says Green New Deal helps China but shows symbol of Soviet UnionRepresentative Marjorie Taylor Greene used the prominent symbol of the Soviet Union during a meme-filled speech in which she said the Green New Deal would favor China . Read more: The church is the cult of Julius Caesar’s comet. 🖕🏾🖕🏾🖕🏾🖕🏾🖕🏾🖕🏾🖕🏾 You're talking NON-SENSE rep greene!!!🤪🤪
China asks local officials to prepare for 'possible storm' if Evergrande fails, WSJ saysChinese authorities are preparing for the potential downfall of Evergrande, the Wall Street Journal reported Thursday. China will give them a loan for the loans……. LONDON, Sept 23 (Reuters) – Bank of England Deputy Governor Sam Woods said on Thursday that Britain's banks have no major exposures to Evergrande and he does not expect the troubled Chinese property group to 'go badly wrong'.
China Evergrande Loses Support of Hong Kong Tycoon Amid Debt CrisisChinese Estates, which is controlled by Hong Kong billionaire Joseph Lau and his wife, Chan Hoi-wan, said it had recently pared its stake in Evergrande and it was seeking shareholder approval to potentially sell the remainder. this is terrible news Biden looting public treasury trillion dollars
Taiwan jets scramble again as China air force enters air defence zoneTaiwan's air force scrambled again on Thursday to warn off 19 Chinese aircraft that entered its air defence zone, Taiwan's defence ministry said, the latest uptick in tensions across the Taiwan Strait. 这不正常么？收复台湾吧，赶紧的。浪费汽油 Learn the truth about the vaccines. It’s all on my Twitter page. ⚡️ ADIZ, especially the taiwanese one, is a unilateral nonsense.
China Evergrande nears interest payment deadline China Evergrande Group will make it a top priority to help retail investors redeem their investment products sold by the indebted property giant, its chairman said, as uncertainty looms over interest payment due for a dollar bond on Thursday.