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Why a Chinese Coal Buy From Australia Should Worry Some Developing Countries

One of China's largest coal importers, the China Energy Investment Corp., bought at least two shipments of Australian coal on Friday in the latest sign of thawing ties between the two countries. While the amount purchased is not significant, 

China’s No New Coal Power Overseas Pledge, One Year On

By Han Chen and Wei Shen On 21 September 2021, China’s president, Xi Jinping, told the UN General Assembly via video link that China would increase support for green and low-carbon energy in developing countries, and not build any new coal-fired ...

Shining a Light on China’s Support for Power Plants in Belt and Road Initiative Countries in Africa and Asia

By Oyintarelado (Tarela) Moses In September 2021, Chinese leader Xi Jinping announced that China would not build new coal plants overseas. At the same time, many countries in Africa and Asia continue to seek finance for electricity-generating infrastructure to meet ...

China and the Prospect of Early Retirement of Coal Plants in the Global South

By Alex Clark, Christoph Nedopil and Cecilia Springer Formerly the world’s largest public financier of coal, China has committed not to build new coal plants overseas. China has financed between 41 GW and 52 GW of currently operating ...

South Africa’s Limpopo Province Approves $10 Billion Chinese-Finance Coal Project… But There’s Just One Very Small Problem

South Africa's Limpopo Province gave the go-ahead last week for a $10 billion industrial project that includes a 4,600-megawatt coal power plant, a coking facility, and a steel plant. The approval is critical for the development of the controversial Musina-Makhado Special Economic Zone. ...

Analysis from Cobus van Staden

Top State Department Official Says China’s Debt Relief Offer to Sri Lanka is “Not Enough”

Another senior U.S. diplomat has accused China of not doing enough to resolve Sri Lanka’s debt renegotiation, a sign that the island’s financial crisis is increasingly being framed geopolitically.
U.S. Under Secretary of State for Political Affairs, Victoria Nuland said: “What China has offered so far is not enough. We need to see credible and specific assurances that they will meet the IMF standard of debt relief.”

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Phasing Down Coal in the Global South

By Rishikesh Ram Bhandary and Cecilia Han Springer Although Chinese President Xi Jinping announced last year that China will no longer build new coal-fired power plants overseas, the Boston University Global Development Policy (GDP) Center’s China’s Global Power (CGP) Database shows 60 coal ...

WEEK IN REVIEW: China Issues Travel Warning For Both Nigeria & DR Congo

The Chinese Foreign Ministry issued a travel warning on Monday for its citizens in both Nigeria and the DR Congo and called on its nationals in high-risk areas in both countries to evacuate immediately. Spokesman Zhao Lijian specifically called on Chinese nationals in the eastern DRC provinces of ...

China’s Love-Hate Relationship With Coal

If you're confused about China's stance on the use of coal, well, you're definitely not alone. This week, China went on a global coal buying binge in a frantic effort to put a stop to rolling ...

African Coal Exporters Benefitting From China’s Ongoing Electricity Crisis

China is scouring the globe for new sources of coal in an effort to stem the blackouts that have afflicted millions of residents and businesses in at least nine provinces over the past several weeks. While the ongoing crisis is now threatening China's post-pandemic ...

Even After China Bailed on Its Sengwa Coal Plant in Zimbabwe, RioZim Seems Unusually Confident It’ll Find Other Backers

Many presumed that the $3 billion Sengwa coal-fired power plant project in Zimbabwe was doomed after the Industrial and Commercial Bank of China withdrew its support earlier this year as the project's largest financier. Not so, according to plant's owner RioZim that said in its half-year trading ...
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