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.
Migrant workers say they face long hours in the cold and substandard living conditions for a job some were allegedly duped into after paying thousands of dollars
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”
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coal projects exit” covers existing projects during this weekend’s G20 gathering in Rome, or run the risk of building outdated, unwanted climate-warming coal-fired electricity capacity, according to Just Finance International.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
Bor, in north-eastern Serbia, is one of the country’s most polluted cities. While citizens protest their dirty air and water, Chinese mining company Zijin, which runs the city’s large-scale copper mining and smelting complex, is expanding its operations. This unique picture essay by Nemanja Pančić captures the industrial landscape and pollution in Bor and its surrounds.
Foreign direct investments and loans from China have in recent years enabled some of Serbia’s largest and most polluting infrastructure projects in coal, mining and transport sectors. These particular investments have been reported to be benefiting from practices that are nothing short of undercutting legal requirements specific to procurement, transparency and environmental permitting procedures.
An increasing number of Chinese defence companies are active in the civilian market in the Western Balkan countries. Read the full interview (in Serbian) with Nils Resare, Senior Researcher at Just Finance here
Serbia Serbia’s purchase of missiles and armed drones made it the first European country to enter a defence cooperation with China. Serbia also allowed Chinese security forces to train on European soil. Read more Bosnia and Herzegovina Bosnia and Herzegovina has received three Chinese donations of military equipment for its army’s Engineering Corps. The last,… Continue reading Increased activity by sanctioned Chinese defence companies in the Western Balkans