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.
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.”
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.