Extreme Temperature Diary- Wednesday September 22nd, 2021/ Main Topic: Great News…China’s Xi Pledges To End Funding For Overseas Coal Power Plants

The main purpose of this ongoing blog will be to track planetary extreme or record temperatures related to climate change. Any reports I see of ETs will be listed below the main topic of the day. I’ll refer to extreme or record temperatures as ETs (not extraterrestrials).😉

Main Topic: Great News…China’s Xi pledges to end funding for overseas coal power plants

Dear Diary. It’s not often these days that I have been delivering good news on this climate blog, but today can be one of those rare days. One of the primary leaders of this planet, President Xi of China, has committed to not building any more coal fired energy plants abroad.

Since the dawn of the 21st century China has built infrastructure in developing countries worldwide, mainly so that they can import needed resources through trade. Many societies are now looking to China for help, which they are giving as a country that has become wealthy via trade with the United States and Europe. China is helping countries build energy plants, which are designed manly to use coal to generate electricity, so Xi’s new commitment can be looked on as quite the sacrifice in terms of lost revenue.

I’ve described China as a “benevolent dictatorship” that uses their power mainly for the benefit of their people. Being a champion of democracy and freedom, though, I see a danger in China’s oligarchical system, not only for its own people but for the world, which seems to currently be petting a tiger that can bare its claws with any change in leadership from its ruling Communist Party. Domestically, any individuals not in line with their government doctrine are harassed, persecuted, and jailed. Most know about the awful treatment of Muslim Uyghurs, who are undergoing genocide via China’s hateful policies. God forbid if China begins using its ever strengthened military for aggression outside of its borders. If this is “China’s 21st century,” we may have many more problems besides just the climate crisis.

I digress. Let’s concentrate on that good news concerning climate. Here is the main article describing President Xi’s New commitment:

https://www.politico.com/news/2021/09/21/chinas-xi-pledges-to-end-funding-for-overseas-coal-power-plants-513493


ENERGY

China’s Xi pledges to end funding for overseas coal power plants

China had been the subject of a pressure campaign by the United States and other G-7 nations to halt its overseas support of coal power plants.

Smoke and steam rise from a coal processing plant.


More than 70 percent of global coal-fired power plants rely on Chinese funding, according to the Beijing-based Green Belt and Road Initiative. | Sam McNeil/AP Photo

By ZACK COLMAN

09/21/2021 05:02 PM EDT

Updated: 09/21/2021 06:21 PM EDT

Chinese President Xi Jinping said on Tuesday his country would end support for building new coal-fired power plants abroad, a move that would cut off a key source of financing for the fuel most responsible for climate change.

The news: Xi’s announcement to the United Nations General Assembly will end the flow of cash from the world’s largest public financier to foreign coal projects, and it comes on the heels of similar pledges by Japan and South Korea earlier this year.

“China will step up support for other developing countries in developing green and low-carbon energy, and will not build new coal-fired power projects abroad,” Xi told the General Assembly. He did not lay out a timeline to end that financing, but the country has not directed any funding from its Belt and Road Initiative toward coal power plants so far this year.

China had been the subject of a pressure campaign by the United States and other G-7 nations to halt its overseas support of coalpower plants. U.S. climate envoy John Kerry had made coal the central topic of his meetings with officials in China earlier this month.

In a statement on Tuesday, Kerry welcomed the move.

“We’ve been talking to China for quite some period of time about this. And I’m absolutely delighted to hear that President Xi has made this important decision,” Kerry said. “It’s a great contribution. It’s a good beginning to the efforts we need to achieve success in Glasgow.”

“This is the announcement China could deliver right now and the one that the U.S. wanted. Investment already trending in this direction,” Joanna Lewis, an associate professor at Georgetown University and an expert on Chinese climate policy, said in a tweet.

The policy change could help bring momentum to the global climate talks this November in Glasgow, Scotland, since nations had been pressing China to reduce both its world-leading domestic emissions and its support for carbon dioxide-intensive industries abroad.


“China was the last government still financing overseas coal plants, so this should eliminate the overseas coal pipeline that was poised to lead us over the climate cliff,” said Jake Schmidt, senior strategic director of international climate at the Natural Resources Defense Council.

Context: Nixing coal finance could halt 40 gigawatts-worth of coal-fired projects currently in the pre-construction phase that have received public Chinese finance, according to think tank E3G.

More than 70 percent of global coal-fired power plants rely on Chinese funding, according to the Beijing-based Green Belt and Road Initiative. Public Chinese finance has put more than 53 gigawatts of coal power online across the world, more than double Japan’s 21 gigawatts, according to EndCoal.org, a project of several environmental groups.

Rumors swirled for months that China already told its state lending institutions that it was ending coal finance, said Justin Guay, director of global climate strategy with climate group the Sunrise Project, calling it “an open secret.”

“The details have not been announced, and the devil is always in the details — so there’s a lot we don’t know,” Guay said. “That being said, China doesn’t do things half-cocked.”

Still, China has continued building domestic coal-fired power plants. Xi reiterated China’s goal to peak emissions sooner than 2030 and reach carbon neutrality by 2060, though nations like the U.S. have pushed him to accelerate those targets.

Other writeups on this subject:

Here is more climate and weather news from Wednesday:

(As usual, this will be a fluid post in which more information gets added during the day as it crosses my radar, crediting all who have put it on-line. Items will be archived on this site for posterity. In most instances click on the pictures of each tweet to see each article. The most noteworthy items will be listed first.)

https://twitter.com/Ginger_Zee/status/1440717047155986434?s=20

Now here are some of today’s articles and notes on the horrid COVID-19 pandemic:

(If you like these posts and my work please contribute via the PayPal widget, which has recently been added to this site. Thanks in advance for any support.) 

Guy Walton “The Climate Guy”

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