Wawa Wang, a program director of Just Finance International, which researched the international track record of Chinese companies – including SOEs – operating in Serbia, said that Chinese companies were doing untold harm.
G20 nations including China have agreed to ending public financing for international coal-fired power projects this year, following on from similar commitments by the G7 and the OECD. China, the world’s top financier for the construction of international coal-fired power projects, still currently has over 1.7 GW of planned coal-fired power plants and the 350 MW Kostolac B3 coal-fired power project under construction in the Western Balkan countries in Southeast Europe… Continue Reading
Since 2016, Beijing’s coal power investments in the region have nearly tripled. This is despite commitments made by the Western Balkan leaders to deliver clean energy and low carbon infrastructure. Raising questions about the health and environmental cost. Read full story.
The majority of EU members support the goal of reaching net zero carbon emissions by 2050, however, there is another potentially complicating issue on the horizon that could have serious environmental, economic and legal problems that would burden carbon goals for years to come. Read more
In recent years Chinese banks have become the lenders of last resort for coal projects in south Asia, Africa, and the Balkans, but Critics say it is a tool to project geopolitical power. From an environmental perspective, the primary concern is that Beijing is exporting a highly polluting model of growth. Read full story on… Continue reading The Guardian: Environmentalists say Beijing is exporting a highly polluting model of growth