Sri Lanka will stop building new coal-fired power plants, and has set a target of achieving 70% of all its energy requirements from renewable sources by 2030. The island nation aims to become carbon neutral by 2050, encouraging electric cars and green energy investments. Renewable energy sources such as wind and solar, and small and large hydro power plants together account for half of its installed electricity capacity. China, which has significant investments in infrastructure and energy projects in Asian countries such as Sri Lanka, has pledged to not build new coal-fired power projects abroad.

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