The promise will come at an online summit Biden is convening with 40 world leaders aimed at getting the major economies to set more ambitious carbon-slashing goals, the dpa news agency reported.The
By Reuters Staff
2 Min Read
SHANGHAI (Reuters) -China will start to phase down coal consumption over the 2026-2030 period as part of its efforts to reduce climate-warming greenhouse gas emissions, President Xi Jinping told the Climate Leaders’ Summit on Thursday.
FILE PHOTO: Chinese President Xi Jinping applauds at the closing session of the Chinese People s Political Consultative Conference (CPPCC) at the Great Hall of the People in Beijing, China March 10, 2021. REUTERS/Carlos Garcia Rawlins/File Photo
“We will strictly control coal-fired power generation projects,” Xi said, speaking via video link.
“We will strictly limit the increase in coal consumption over the 14th five-year plan period (2021-2025) and phase it down in the 15th five-year plan period (2026-2030).”
LONDON, April 21 (Reuters) - The U.S. dollar firmed on Wednesday, rising from a seven-week low hit overnight, as broad-based weakness in stock markets triggered by a resurgence of COVID-19 cases in countries from India to Japan fuelled renewed appetite for the greenback.
The safety bid also supported the Swiss franc and the Japanese yen as the outlook for the global economy soured.
The dollar index, which tracks the U.S. currency against six major peers, was up 0.14% at 91.347 in early London trading after slumping as low as 90.856 on Tuesday for the first time since March 3. It has declined 2.4% so far this month.