China slow to curb coal financing as Japan, South Korea ‘accept new reality’ on phasing out fossil fuels

China risks being left behind as South Korea and Japan signal a shift away from financing overseas coal power in response to growing criticism over their support for the dirty fossil fuel.The three countries are the top global lenders for coal energy infrastructure, bankrolling projects beyond their borders through export credit agencies and developing new markets to export coal plant technology.But there are signs that Japan and South Korea may be preparing to scale back official support amid…