China has reaffirmed its decision to halt financing of coal power projects overseas, especially in Africa, aligning with its global climate commitments.
The shift stems from a 2021 pledge by Chinese President Xi Jinping at the UN General Assembly, signaling a major turning point in global energy financing.
Ambassador Tong Defa, China’s envoy to Ghana, emphasized in an interview with GhanaWeb Business that the country is now prioritizing green energy investments instead.
Previously, China was a major backer of global coal infrastructure, particularly through its Belt and Road Initiative.
Now, China is redirecting support toward renewable energy sources such as solar, wind, and nuclear, aiming to reach carbon neutrality by 2060.
Speaking at the Africa-China Centre for Policy and Advisory (ACCPA) fellowship in Accra, Tong explained that Africa’s abundant sunlight positions it well for solar development.
He said China plans to assist African nations, including Ghana, in building solar plants and farms to harness renewable power.
In Ghana, China’s energy collaboration aligns with the government’s 24-Hour Plus Economy initiative, which requires increased energy output.
Ambassador Tong stressed that renewable energy is critical for powering Africa’s development while meeting climate goals.
This move reflects China’s evolving climate diplomacy and a strategic pivot toward sustainable partnerships with African countries.