Chinese President Xi Jinping announced on Tuesday that China will no longer finance overseas coal projects—a move that could have far-reaching implications for the world’s ability to meet climate targets. “China will step up support for other developing countries in developing green and low carbon energy and will not build new coal-fired power projects abroad,” Xi said in prerecorded remarks to the United Nations General Assembly. Experts say the move could mark the beginning of the end of coal as a primary energy source for the world (it’s currently no.