“While we welcome China’s pledge, we are waiting to see how much weight this announcement will hold,” said Wawa Wang, program director of Just Finance International. “Whether Beijing will deliver on this exit from building coal-fired power plants depends on whether it introduces a time-bound exit which reins in all forms of support – finance and construction combined – for all its overseas coal and associated projects.”
Tag: The Guardian
The Guardian: Environmentalists say Beijing is exporting a highly polluting model of growth
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 the article in… Continue reading The Guardian: Environmentalists say Beijing is exporting a highly polluting model of growth
The Guardian: Belt and Road forum-China’s ‘project of the century’ hits tough times
As China fetes its Belt and Road initiative at a summit this week, Chinese officials will be working hard to defend the flagship project from growing international criticism. Read the article in full: The Guardian