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
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Find out more about climate change and how it could affect you on the ST microsite here.