Despite Beijing’s pledge to stop building overseas coal projects, dozens were found to have still gone ahead, and the energy efficiency of the existing ones also need improvement. About a year ago, Chinese president Xi Jinping made a pledge at a United Nations meeting that the enormous coal-fired power plants funder would halt any new projects overseas.… Continue reading FairPlanet: China’s no new coal overseas pledge has a big catch
“On Lombok Island, civil society groups said thousands of people were forcibly evicted from their ancestral land without adequate compensation to make way for the Mandalika project.”
G20 summit will take place in the holiday paradise of Bali from November 15 to November 16, 2022. Host country Indonesia has an ambitious strategy for the tourism sector: “Ten new Balis” are to be built. Satellite images from the neighboring island of Lombok show how vehemently investors and authorities are pushing through the mega-projects.“… Continue reading Wirtschafts Woche: While climate protection is being talked about, a new hotspot for mass tourism is being developed
Just Finance International is calling on the Chinese authorities to honor President Xi’s September 2021 pledge to ‘not build new coal-fired power projects abroad’, by immediately exiting the Tuzla 7 project”
The sound of explosions, heavy dust in the air and polluted rivers plague the residents of the Serbian mining town of Bor, where a Chinese company bought the mine in 2018. The cooperation between the EU candidate country Serbia and China has intensified in recent years, but there are both environmental and political risks with the Chinese projects – and growing local opposition
By providing core finance for the project, AIIB must take responsibility for its complicity in bankrolling the Mandalika project, where its client and project proponents have been implicated in inflicting human rights violations and fueling land conflicts.
Just Finance International said the Zijin Mining project is one of the many highly polluting Chinese investments undertaken “without necessary environmental and social due diligence”
By Nick Ferris, New Statesman, 12 May 2022 China has pledged to stop funding coal plants around the world but loopholes mean new ones are still being built. Some suggest that weak transparency requirements in China for public investments will allow the country to continue investing in projects that go against climate action goals. “If… Continue reading New Statesman: China’s global coal machine won’t be stopped so easily
“I think the pledge is quite limited because it addresses the ‘new’ aspect only,” said Wawa Wang, program director of Just Finance International, adding that the government’s definition of “new” allows China to continue building dozens of plants.
Wawa Wang (director, Just Finance) interviewed by the Financial Times on Chinese influence in Serbia.