In the run-up to the annual meeting of the Asian Infrastructure Investment Bank (AIIB) on October 26–28, the Heinrich Böll Foundation presents an analysis of what transparency requirements the AIIB has met following the review of its Environmental and Social Framework for financing.
In the situation of the ongoing social and political crisis in Belarus, the regime of Alexander Lukashenko, while demonstrating the practices of the occupying government in their own country, continues to use the resources of international inter-governmental financial systems for the purpose of retaining their own power.
Bor, in north-eastern Serbia, is one of the country’s most polluted cities. While citizens protest their dirty air and water, Chinese mining company Zijin, which runs the city’s large-scale copper mining and smelting complex, is expanding its operations. This unique picture essay by Nemanja Pančić captures the industrial landscape and pollution in Bor and its surrounds.
Foreign direct investments and loans from China have in recent years enabled some of Serbia’s largest and most polluting infrastructure projects in coal, mining and transport sectors. These particular investments have been reported to be benefiting from practices that are nothing short of undercutting legal requirements specific to procurement, transparency and environmental permitting procedures.
The Danish export credit agency, EKF, should immediately stop the financing of emission intensive industries in order to reduce the negative impact on climate and environment. This is recommended in the Just Finance report “Decarbonising Danish Export Credits”. Read more
With many DKK billions at its disposal, the Danish Export Credit agency EKF finances over 100 projects a year. For most projects, no assessment of the impact on the climate, environment, and local communities is undertaken or published, as this is not required for smaller projects or projects that are not considered high-risk by international… Continue reading Decarbonising Danish Export Credits – a case study: A critical review of the climate footprint, environmental and social due diligence and transparency in the Danish Export Credit Agency
Serbia Serbia’s purchase of missiles and armed drones made it the first European country to enter a defence cooperation with China. Serbia also allowed Chinese security forces to train on European soil. Read more Bosnia and Herzegovina Bosnia and Herzegovina has received three Chinese donations of military equipment for its army’s Engineering Corps. The last,… Continue reading Increased activity by sanctioned Chinese defence companies in the Western Balkans
Zijin Blacklisted by investors and pension funds Multilateral company Zijin currently operates a copper and mining complex in Bor. The company is accused of severe pollution in several countries and has been found to have violated the UN Convention on Biological Diversity by dumping large amounts of waste into a river in Papua New Guinea.… Continue reading Chinese companies in Serbia – disgraced in international operations
China continues to be the top financier of coal-fired power internationally. Its state-owned enterprises and development banks are constructing and financing many of the world’s new coal projects, including in Europe where up to 3.5 gigawatts of capacity is planned with support from Chinese state entities. This is increasing the risk that countries participating in… Continue reading The debacle of Chinese financed Kostolac B3 coal-fired power station in Serbia
Serbia has become a hotspot for large scale Chinese investments and lending in highly polluting industries. Some of the activities will leave a deep footprint in the environment and the rule of law. BRI-Europa presents an overview of the most problematic takeovers in the country and explain how they were approved without required transparency and procurement procedures.