Just Finance International welcomes the July 14th announcement by the Federation of Bosnia and Herzegovina (FBIH) government that it will reject a proposal for an alternative Chinese subcontractor for the proposed Tuzla 7 coal fired power plant, and calls on the Federation of BiH Parliament to choose to ditch the plant’s construction.
Tag: China
Bosnia’s planned Tuzla 7 lignite plant on the rocks after state aid U-turn
The future of the planned 450 MW Tuzla 7 lignite plant in Bosnia and Herzegovina is again in doubt after the country’s State Aid Council revoked its decision to approve a public guarantee for a EUR 614 million loan from China Eximbank last week, four years after the Council’s initial clearance. 5 July 2022 The… Continue reading Bosnia’s planned Tuzla 7 lignite plant on the rocks after state aid U-turn
Legal Memo on Chinese investments in Serbia Shows Weakened Rule of Law, Leading to Forced Labour and Human Rights Abuses
Ahead of this week’s European Parliament Committee on Foreign Affairs (AFET) vote on Serbia, Just Finance International and Serbia’s Renewables and Environmental Regulatory Institute (RERI) today published a legal analysis detailing how a weakening of law and transparency in Serbia has provided loopholes for large scale infrastructure investments, including from China, leading to reports of forced labour and human rights abuses, along with impacts on human health and the environment.
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 to the public.
Mještani ugroženi nakon što je kineski Zijin utrostručio proizvodnju u kombinatu bakra u Srbiji
U istočnoj Srbiji nalazi se Bor, jedan od najzagađenijih gradova u toj zemlji. Dok mještani demonstriraju zbog zagađenog vazduha i vode, kineska rudarska kompanija „Serbia Zijin Copper“ koja upravlja velikim rudarsko-metalurškim kompleksom proširuje rudarske radove bez potrebnih dozvola, saglasnosti mještana i transparentnog procesa.
Local residents at risk after China’s Zijin triples production at Serbian copper complex
Bor, in north-eastern Serbia, is one of the country’s most polluted cities. While citizens protest their toxic air and water, Chinese mining company Zijin, which runs the city’s large-scale copper mining and smelting complex, is expanding its operations without permits, local consent or transparency.
China Dialogue:Coal-powered industrial parks test Indonesia’s climate pledges – and China’s too
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
Radio Free Europe: The Morava River Ecosystem pays the price for the construction of Corridor 11
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.
CNN: China Stops Coal Investment But Funds Oil and Gas Projects
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.
Frankfurter Allgemeine: Frankfurter Allgemeine: Is China stopping investments in European coal-fired power plants?
“China will keine neuen Kohlekraftwerke im Ausland bauen. Opfer könnten nun Projekte auf dem Balkan werden. Umweltschützer sind erfreut, bleiben aber skeptisch.”