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”
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.
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.
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.
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.
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.
Brussels, 16 December 2021: Reacting to the passing of an EU Parliament vote on an urgent resolution on forced Vietnamese labour in Serbia’s Linglong tyre factory, and environmental protests in Serbia , Wawa Wang, program director of Just Finance International, said: “The overwhelming majority of Members of the European Parliament today recognised there is a… Continue reading Reaction to EU Parliament Resolution on forced labour in Serbia’s Linglong tyre factory and environmental protests in Serbia
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
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 Herzegovina, Indonesia, the Philippines, and Serbia, as well as over 10 GW of planned projects in six countries across Europe, Asia and Africa may receive financing or at risk of getting built and put into operation.
Copenhagen, 27 October 2021:- China must provide clarity on whether its “international new coal projects exit” covers existing projects during this weekend’s G20 gathering in Rome, or run the risk of building outdated, unwanted climate-warming coal-fired electricity capacity, according to Just Finance International. The commitment to exit coal projects was made by Chinese leader Xi… Continue reading G20 Is Opportunity for China to Make Good on its Coal Phase-out Promise – Just Finance International