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New Trends in Chinese Energy & Development Finance

U.S. special climate envoy John Kerry will be in China next week to pressure the government to renounce all future financing of coal power plants around the world. Although China generally does not respond well to foreign demands like this, Beijing may have already acceded to Kerry’s request.

So far this year, China hasn’t financed a single overseas coal project. This is the first time that’s happened since the launch of the BRI in 2013 and it appears to be part of a growing trend to focus its development finance initiatives on greener, cleaner projects that are smaller and less risky financially.

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