Energy

Expert calls on China, Japan to end financing of overseas coal plants

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Rich countries like China and Japan need to stop financing coal-powered plants in poorer nations in the fight against climate change, according to Rachel Kyte, who previously served as special representative of the United Nations secretary-general and chief executive officer of Sustainable Energy for All.

Kyte, who is now dean of The Fletcher School at Tufts University, said “coal has no place in the race to net-zero” carbon emissions by 2050. 

“We need those countries that have coal to manage their own energy transitions. And we need to stop financing coal into countries, especially low income countries,” she told CNBC’s “Street Signs Asia” on Friday.

Kyte’s comments come after South…



Source cnbc.com

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