As US retreats, China is taking the lead on green energy
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FINANCE ministers from across the world converged on Washington last week for the annual meetings of the World Bank and IMF. At last year's annual meetings, these ministers pledged to commit more of their balance sheets to financing global energy and infrastructure - and to do so in a manner that helps combat global climate change.
What a difference a year makes. The United States is no longer led by president Obama. His commitment to combatting climate change has been both ridiculed and abandoned by "let's go for coal" Donald Trump.
Little surprise then that just as the meetings were about to start, President Trump trashed the US' clean power plan and slashed the US budget for the World Bank by US$650 million.
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