The Beijing-led Asian Infrastructure Investment Bank (AIIB) opened for business in 2016 and rapidly became a major actor in global finance
By the end of 2020, the AIIB could count 102 approved member countries. The participation of Europe’s largest economies as founding members of the AIIB was critical to the AIIB obtaining a triple-A credit rating from the world’s leading rating agencies. This paper provides an overview of the institution’s close alignment with China and the…
Legal Analysis: Increased Legal Violations from Chinese Investments in Serbia
It is common for Serbian government authorities to hide information, without a legal or security basis for doing so, when submitting documents to the online portal or responding to information requests. This may include protecting the name of the legal entity, as well as the official case number and other data that should be available…
China’s 2021 “international coal-exit’’ pledge: a transparency problem
Download briefing as pdf here March 2022 China’s pledge to stop building new coal-fired power plants abroad, announced during the UN General Assembly in September 2021 – and reiterated during a EU-China dialogue on climate in October 2021 – was met with enthusiasm. Yet, half a year later, little is known about the extent of…
Serbia’s E-763: How China is constructing a high-speed road without a license
Highway E-763, which connects Belgrade and Montenegro, has been built with impressive speed outside the Serbian city of Cacak. But local communities complain of noise, pollution and devastated eco systems. The main contractor, Chinese state-owned company CCCC, is accused of excavating gravel for the road without obtaining the necessary permits.
The Beijing-led Asian Infrastructure Investment Bank (AIIB): Global leader in infrastructure finance at what cost? The AIIB’s Approach to Transparency and Public Access to Information
The climate emergency and the alarming loss of the planet’s biodiversity are closely related to ill-conceived large scale infrastructure projects. These include power plants that generate greenhouse gas emissions for decades to come, large hydro dams, mining projects and export corridors that slice through the world’s remaining surviving wild areas and intact forests. In addition…
Uprkos Xijevoj datoj riječi, Kina nije odustala od finansiranja termoelektrana na ugalj u Bosni i Hercegovini
Pišu: Wawa Wang i Nils Resare 30/11/2021 Mile Krstić očekuje novog komšiju. Svega nekoliko stotina metara dalje od njegove kuće, pripremljeno je zemljište za izgradnju nove termoelektrane u Ugljeviku, bloka III, koji će graditi kineske i poljsko-kineske firme. Krstićevu kuću odranije okružuje velika rudarska industrija u ovom gradu. TE Ugljevik blok I, koji slovi kao…
Deceptive feasibility studies for new coal power plants in Bosnia and Herzegovina
The contaminated ash from the Tuzla coal power plant is mixed with water and pumped out into a dessert-like field a few kilometres outside the city centre. Well-implemented environmental impact assessments and feasibility studies are crucial for governments to make fully informed decisions. Underestimating environmental impacts or miscalculating costs will not only undermine accountability, but…
Chinese coal power still in Bosnian pipeline
Mile Krstić is expecting a new neighbour: just a few hundred metres from his house, the ground has been prepared for the new coal-fired power station, Ugljevik III. His house is already surrounded by the city’s substantial coal industry: Ugljevik I, one of Europe’s most polluting coal fired station, are in front of it, and…
Need for improved OECD environmental assessment standards and transparency
Just Finance International would like to seize this opportunity and suggest ways in which to improve how and when OECD members carry out environmental and social impact assessments (ESIAs). The latter determine the impact OECD projects would have on the climate and environment and form the basis of decision for whether a project may go…
Adding coal to the fire
Our research on China’s new and ongoing international coal-fired power deals show that while project completion rate is on the decline, and the cancellation rate of projects in a number of countries has risen during the past year, there is a risk that over 3,645 megawatts of newly announced deals from 2021 in Bosnia and…
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