On November 2, Dr. Christoph Nedopil Wang, Director of the Green Finance & Development Center was invited to join the podcast of the “Green Team Speaks To” podcast of the Paulson Institute. https://soundcloud.com/paulson-institute-gfc/the-green-team-speaks-to-christoph-nedopil-wang#t=0:00 The host, Phylicia Wu, director of Paulson Institute, and Christoph discussed greening the Belt and Road Initiative…
Download pdf In September 2021, a new project finance handbook was launched with funding by the British Foreign, Commonwealth and Development Office (FCDO). The handbook was developed over several months with the goal to understand the gap and bridge the gap between Chinese style and international project financing approaches. The…
Introduction of Nationally Determined Contributions (NDCs) In order to tackle climate change, all member parties that have ratified the Paris Agreement are required to submit their Nationally Determined Contributions (NDCs) to the UNFCCC secretariat, outlining and communicating their national climate goals and actions. These NDCs can include information on mitigation, adaptation, finance, technology transfer, capacity building, and…
Key findings Download the pdf BRI finance and investments continued to drop in the first half of 2021 to US$19.3 billion (compared to US$27.5 billion in the first half of 2020);No coal projects received financing or investments in the first half of 2021;Green energy finance and investments in H1 2021 dropped by 90%…
On July 16, 2021, the Ministry of Commerce (MOFCOM) and the Ministry of Ecology and Environment (MEE) of China issued the “Green Development Guidelines for Foreign Investment and Cooperation” (hereinafter referred to as the 2021 Green Guidelines). The Guidelines focus on both investment and trade. With MOFCOM being responsible for regulating Chinese…
On June 23, 2021, during a virtual conference, political leaders of 29 partner countries of the Belt and Road initiative (BRI) launched the Initiative for Belt and Road Partnership on Green Development (“BRI Green Partnership”). Chinese State Councilor and Foreign Minister WANG Yi presided over the conference during the Asia and…
Highlights Download pdf Between 2014 and 2020, about USD160 billion of Chinese-backed coal-fired power plants were being planned or announced outside of China;More than USD65 billion of Chinese-backed coal-fired power plants have been either shelved, mothballed or cancelled since 2014, with more projects seeing delays in construction;In 2019 and 2020,…
1. Introduction The COVID-19 pandemic has brought extreme stress to the global economy. Governments around the world are trying solutions to tackle the economic crisis through various fiscal, monetary, and related stimulus packages. Policymakers are struggling to balance their stimulus between the immediate “rescue” phase and the longer-term “recovery” phase:…
On 17 May 2021, a Roundtable on the Green Development Guidance for BRI Projects was held by BRI International Green Development Coalition (BRIGC), World Resources Institute (WRI) and ClientEarth in Beijing. Chinese and international speakers joined the conference both online and on site. International-Roundtable-on-the-Green-Development-Guidance-for-BRI-Projects Background The BRI International Green Development…
Discontent and activism against BRI initiatives pose financial risks and spell potential public image problems for China and host countries. Understanding the social and economic motivations of communities who protest and how to prevent future mobilisations is essential to the success of the BRI in Central Asia. A quintessential example…