 this may be helping to cause a carbon bubble which could cause financial instability if it bursts.Countries building or financing new coal-fired power stations, such as China, India, and Japan, face mounting international criticism for obstructing the aims of the Paris Agreement.In 2019, the Pacific Island nations (in particular Vanuatu and Fiji) criticized Australia for failing to cut their emissions at a faster rate than they were, citing concerns about coastal inundation and erosion.