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”
Analysis by Just Finance International found that Chinese state-owned enterprises entered into overseas coal power contracts worth more than $18bn in 2021
“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.
Nick Ferris, Energy Monitor, 20 April, 2022: One of the big climate wins of 2021 was the announcement from China, Japan and South Korea that they would no longer fund new coal plants overseas. For China, this was massive: the country had long been the biggest funder of coal plants worldwide, with these projects forming a… Continue reading Energy Monitor: Should we be worried about coal’s resurgence?
“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.”