by Terence P. Jeffrey, CNSnews:
At a joint press conference in Beijing yesterday with People’s Republic of China Foreign Minister Wang Yi, U.S. Secretary of State John Kerry said that the Obama administration intends to cooperate closely with the PRC leading into a U.N. climate conference in Paris in December and that the U.S. is “ending any funding” of coal-fired power projects.
President Barack Obama’s fiscal 2016 budget proposal calls for increasing taxes on the coal industry by $4.252 billion from 2016-2025 while providing “refundable” tax credits to “renewable” energy projects such as solar and wind power facilities.
“There are three key meetings that we are all working on together to prepare for in order to build success,” said Kerry. “One is the Security and Economic Dialogue that will take place in June in Washington. Two is the summit between President Xi and President Obama to take place in September. And three is the global meeting that we are working on together regarding climate change in Paris in December.”
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