Serbia’s Chinese-Built Coal-Fired Power Plant Deals Blow to Climate and Health

Just Finance International is calling on the Chinese authorities to honor President Xi’s September 2021 pledge to ‘not build new coal-fired power projects abroad’, by immediately exiting the Tuzla 7 project”

Revised OECD Agreement on Export Credit Restrictions for Coal Plants “Full of Loopholes”

Paris, 4 November 2021: Just Finance International today branded a revised OECD agreement intended to restrict export credit to support international coal-fired power plants as “full of loopholes”, as it allows continued pollution of the global environment. In practice, the new agreement – a revision of a 2015 agreement and effective as of 1 November… Continue reading Revised OECD Agreement on Export Credit Restrictions for Coal Plants “Full of Loopholes”

The debacle of Chinese financed Kostolac B3 coal-fired power station in Serbia

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

EU-China leaders’ meeting: EU must do more to tackle legal breaches by Chinese companies in Europe, say civil society organisations

The European Union needs to step up its actions on violations of EU law by Chinese state-owned enterprises (SOEs) in Europe, warned civil society groups working in southeast Europe today (1), as European and Chinese leaders meet online in lieu of the postponed Leipzig summit. Chinese SOEs have been particularly active in southeast Europe in… Continue reading EU-China leaders’ meeting: EU must do more to tackle legal breaches by Chinese companies in Europe, say civil society organisations