“China has announced its intention to phase out financing of overseas coal-fired power. But the details remain unclear. For example, will China also stop projects that have already been started? Wawa Wang and Dr. Vanessa Buth from the non-governmental organization Just Finance International, which campaigns for more transparency in public procurement, reviewed China’s numerous coal projects in the Western Balkans. They urge the EU and Germany to call on China to disclose its overseas coal policies.”
Industrial parks at three of Indonesia’s nickel hotspots – Obi Island, Morowali and Weda Bay – aim to have 14 coal power plants with 71 turbines, totalling 12,579 MW, according to GEM data. That’s more than double the 6,109 MW of captive power the nation’s nickel industry already has in operation. Tsingshan, which runs the… Continue reading China Dialogue:Coal-powered industrial parks test Indonesia’s climate pledges – and China’s too
The latest report by the international organization Just Finance, which investigates Chinese investments around the world, states that several laws were violated during the construction of one of the most important roads in Serbia.
Wawa Wang, director of Just Finance International, said Chinese funding continues to exacerbate the climate crisis in the Western Balkans, a region where Chinese loans can expand new coal projects.
The Balkan nations are among the first to feel effects of President Xi’s announcement of an end to support for coal projects, as struggles over energy transition persist.
“China will keine neuen Kohlekraftwerke im Ausland bauen. Opfer könnten nun Projekte auf dem Balkan werden. Umweltschützer sind erfreut, bleiben aber skeptisch.”
The future of a planned 700 MW Ugljevik III coal power plant in Bosnia and Herzegovina is in doubt after one of the project companies, Sunningwell International Limited, confirmed that Chinese bank loans will not be available for the project.
if the announcement only applies to projects announced from September 2021 onwards, it will have “very few climate-saving impacts because negotiation and implementation of any agreement for coal takes years” and the average coal-fired power plant operates for at least 40 years, says Wang Wawa, programme director at Just Finance International.
Brussels, 16 December 2021: Reacting to the passing of an EU Parliament vote on an urgent resolution on forced Vietnamese labour in Serbia’s Linglong tyre factory, and environmental protests in Serbia , Wawa Wang, program director of Just Finance International, said: “The overwhelming majority of Members of the European Parliament today recognised there is a… Continue reading Reaction to EU Parliament Resolution on forced labour in Serbia’s Linglong tyre factory and environmental protests in Serbia
Wawa Wang, a program director of Just Finance International, which researched the international track record of Chinese companies – including SOEs – operating in Serbia, said that Chinese companies were doing untold harm.