China’s Promises of a Green Future Raises More Questions Than Answers

File image of the Chinese-financed and constructed De Aar wind power project in South Africa. Image via Xinhua.

For the climate-minded, this week’s report from the Boston Global Development Policy Center about trends in Chinese energy finance made for sobering reading.

Of the $251 billion China Development Bank and China Exim Bank provided for energy projects between 2000 and 2022, 73% went into oil, gas and coal projects. The oil and gas exploration, exploitation, and power generation China funded will lock in emissions for years to come.

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by Cobus van Staden

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