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China Avoids Coal Projects in Belt and Road for First Time

  • Beijing is trying to make its investments more sustainable
  • More than 70% of coal plants built today rely on China funding
Excavations at Mechel PJSC's Krasnogorsky Coal Mine
Photographer: Andrey Rudakov/Bloomberg
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China didn’t finance any coal projects via its Belt and Road Initiative in the first half, the first time that’s happened since the plan was launched in 2013, the International Institute of Green Finance said in a report.