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Which is still industrialising so it's absolutely critical that we make — it's absolutely critical that we make sure that china will not double down _ make sure that china will not double down in _ make sure that china will not double down in the — make sure that china will not double down in the investment on coal and fossil— down in the investment on coal and fossil fields. there is some good news _ fossil fields. there is some good news here — fossil fields. there is some good news here. the fact that the biden administration is taking a leadership position on climate, which _ leade...

President biden is front and center on the world stage today, dominating headlines coming out of the g20 summit, reversing the trump-era steel tariffs, and getting countries to agree to back away from coal projects. but notably absent, at least on site in rome, russian president vladimir putin and chinese leader xi jinping. >> here at the g20, they're not here either. we are, president biden is. that in itself is making a difference. it's ultimately going to be up to a china, which is now currently the world's largest emitter, to decide to do the right and important thing for its own people bu...

Succeed or fail as one. he's taking aim at the use of -- take a listen. >> i was delighted to cochair the g 7 climate at the environmental ministers meeting in july where we delivered a historic agreement that no g 7 nation would finance any coal projects internationally. south korea has made the same commitment. and with china's recent announcement, we are well on the way to -- financing for new coal power as we ramp up support. for renewables. we still need the g20 to tackle domestic unabated coal power use. at the g20 meeting i urge lead toerz kick coal in the past where it belongs. >> well...

U.s. will increase funding to help developing nations confront it. and now there is a major commitment from one of the world's biggest polluters. cnn's newly minted beijing chief steven zhang live in beijing for us this morning. congratulations, i haven't seen you since the news. talk us through this. how big a deal is this? >> i think in all, as they say with fancy title comes great responsibility. speaking of which, one responsibility for world leaders is tackling climate change. xi jinping in one announcement said china will stop funding overseas coal projects. this is encouraging because b...

Climate change, president joe biden told the u.n. general assembly he will work with congress to increase america's financial commitment to help developing nations confront the climate crisis. and chinese president xi jinping says he will stop his country from building new coal-fired power projects abroad. it marks a major shift in policy for china which is the world's largest emitter of greenhouse gases. let's bring in cnn's steven young. he joins us live from beijing. good to see you. how serious is china about addressing climate crisis? >> reporter: they are serious. they are stopping ove...