News analysis

China stops funding overseas coal projects but doing so at home is far trickier

China has made a series of ambitious announcements, including reaching peak carbon output by 2030 and carbon neutrality by 2060.PHOTO: EPA-EFE

BEIJING - China's move to stop funding coal-fired power projects overseas is one in the right direction, but experts say the reality is far more complex as the country has to strike a balance between meeting climate change goals and developing its economy.

As China positions itself as a global leader in the fight against climate change, it has made a series of ambitious announcements, including reaching peak carbon output by 2030 and carbon neutrality by 2060.

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