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China State Fund Joins Global Shift From Coal Power Funding

March 20, 2019, 12:06 PM

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.

But while State Development & Investment Corp.’s withdrawal is in line with China’s broader ambition to use less coal and more cleaner fuels, it is far from marking a widespread shift away from the cheap and plentiful energy source that will provide the bulk of the country’s power for years to come.

In its battle against smog-filled skies, the world’s biggest coal consumer is seeking to bolster use of natural gas and ...

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