Joe BidenJoe BidenQuestions remain unanswered as White House casts upbeat outlook on Trump’s COVID-19 fight CNN anchor confronts senior Trump campaign adviser after motorcade: Trump’s ‘downplaying the virus’ Biden again tests negative for COVID-19 MORE’s plan for climate change and environmental justice attacks China for financing fossil fuels. If the United States wants to green China’s overseas energy finance, it must compete by offering attractive funding for cleaner alternatives, such as solar and wind power.

China’s overseas energy finance has had a large impact on energy development around the world. According to Boston University’s Global Development Policy Center, Chinese policy banks provided energy finance worth $251 billion outside China between the years 2000 and 2019. Of this total, $26 billion funded coal and $88 billion funded oil.

China’s energy infrastructure footprint will play a decisive role in accelerating or mitigating climate change. The emerging economies that rely on Chinese finance to meet their growing investment needs often have few alternatives, given their low credit ratings. For example, Pakistan’s plans to expand its power generation capacity are financed largely by China.

However, China’s policies are not the primary reason for investment in coal, oil and gas. Our research at the Initiative for Sustainable Energy Policy (ISEP) shows that both Chinese project developers and state-owned policy banks are primarily interested in developing business in the recipient countries, with little interest in fossil fuels in particular. China’s energy finance is opportunistic, not strategic, in nature. China is willing to finance a wide range of projects, as long as the project developer is a Chinese company.

If recipient countries, from Bangladesh to Pakistan, decided to abandon coal, China would follow suit. Recipient countries are still building coal-fired power plants because they do not have enough experience or mature market mechanisms to support

Tesco will now expand plant-based options in all its stores. Photo: PA
Tesco will now expand plant-based options in all its stores. Photo: PA

Tesco (TSCO.L) is pledging to boost sales of plant-based meat alternatives by 300% within five years, by 2025, as part of a raft of sustainability measures.

Tesco will be the first UK retailer to set a sales target for meat alternatives.

The UK’s largest supermarket said demand for chilled meat-free foods has risen by almost 50% over the past year. This has prompted Tesco to broaden its meat-free range into more categories and offer larger “centrepiece” dishes for two people as well as family-sized portions.

The 300% target is part of a number of sustainability measures created in collaboration with the World Wide Fund for Nature (WWF) that aim to halve the environmental impact of the average UK shopping basket.

READ MORE: Vegan meat replacements to make up 60% of global market by 2040

The coronavirus lockdown has meant more people are paying closer attention to their diet, according to Tesco, and increasingly adopting “flexitarian” diets — eating less meat and dairy and replacing them with more plant-based foods.

The most popular meat-free products currently include burger, sausage and mince substitutes, the retailer said.

Global demand for plant-based protein — dominated by US food companies Impossible Burger and Beyond Meat (BYND) — is predicted to be £4.1bn ($5.3bn) this year, up from from £2.9bn in 2015. Beyond Meat announced plans to open its first factory in Europe, marking its first push into overseas production, in June.

Tesco was the first UK retailer to launch an own-label plant-based range, Wicked Kitchen, in January 2018. The company will now expand plant-based options in all its stores, across 20 different categories including ready meals, party food and frozen food.

READ MORE: Cheapest supermarkets to shop as a vegan

Dave Lewis, who