There’s been growing excitement among environmentalists around the world that China may finally be ready to abandon its once expansive overseas financing of coal power plants, particularly in Belt and Road member countries.
Last week, the Green BRI Center published a new report that revealed China did not finance a single coal project in the first half of the year. This followed news that ICBC, the world’s largest bank, backed out of the controversial Sengwa coal power plant in Zimbabwe.
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