In April 2023, the Belt and Road Initiative International Green Development Coalition (BRIGC) published the Green Development Guidance for BRI Projects Phase III. In this report, the authors analyze how Chinese overseas development funds apply environmental standards, in particular the “Traffic Light System” for BRI projects. The report was written…
This article was originally published in The World Financial Review. The green transition of energy, transport, industry, urbanisation and agriculture requires a massive acceleration of global green investments across the world to meet the Paris agreement and reverse the loss of biodiversity. Yet so far, green finance lacks harmonised definitions…
After the 2014 climate agreement between President Xi Jinping and President Barack Obama alongside the consequent ratification of the Paris Agreement, China sees itself as taking a leadership role in global climate action and governance. Against this background, China has utilized green finance as a major strategy in supporting a…
1. The importance of relations between green finance and stimulus packages in concept and historically Green finance policies and economic stimulus packages overlap at a number of levels. In an era where the global community faces both the immediate economic consequences of Covid-19 as well as the urgent need to…
The importance of relations between green finance and stimulus packages in concept and historically Green finance policies and economic stimulus packages overlap at a number of levels. In an era where the global community faces both the immediate economic consequences of Covid-19 as well as the urgent need to transition…
Summary – from climate to biodiversity in the BRI and beyond In the midst of increasing global awareness of environmental and sustainability problems, two interconnected issues are high on the agenda for 2020: climate change and biodiversity. This is in particular true for China who is both under pressure to…
While green bonds remain the most mature instruments, a wide range of innovative financial solutions are rapidly developing. Issuing green bonds, i.e. bonds whose proceeds are earmarked for funding climate and environmental-friendly projects, is an effective and increasingly popular way to achieve this end. In just over a decade, annual…
In essence, the SDGs can only be met if they are an integral part of the development paths of countries under the Belt and Road Initiative (BRI). As the original 65 countries under the BRI collectively account for over 30% of global GDP, 62% of population, and 75% of known…
Executive Summary How MDB Characteristics can Address the BRI’s Green Challenges through Financing Solutions, Coordination Activities, and Policy Support Simply put, global climate and environmental goals can only be met if they are an integral part of the development paths of BRI countries. This is true alone because BRI collectively…
MDBs are increasing their involvement in sustainable infrastructure finance by scaling up climate investments and by integrating social and environmental issues into their general financing requirements as a cross-cutting issue. Based on their characteristics MDBs can play a number of important roles in greening the BRI. For the context of…