China's SDIC to exit coal power investments, shift focus to clean energy

China's SDIC to exit coal power investments, shift focus to clean energy

People tend to vegetables growing in a field as emission rises from cooling towers at a coal-fired power station in Tongling, Anhui province, China, on Wednesday, Jan. 16, 2019. Photographer: Qilai Shen/Bloomberg

One of China’s largest state investment companies vowed to stop plowing money into new coal-fired plants, joining a global shift by financiers away from the polluting fossil fuel.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter