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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 ...

Why Chinese Coal Financing Along the BRI Will End With Whimper Not a Bang

There's been growing excitement among environmentalists around the world that China may finally be ready to abandon its once expansive overseas financing of coal power plants, particularly in Belt and Road member countries. Last week, the Green BRI Center published ...

Stop the Blame Game: The Complex Picture of China and Coal Finance

By Hugo Jones and Lukas Fiala Apocalyptic images reach us from China this week. The immense flooding in Henan province has come with tragic human cost, a typhoon has edged onto China’s eastern coast, and Shanghai is facing torrential rains and winds. These events have already stirred discussions ...

A Lot of People Mistakenly Think China’s The Major Funder of Coal Plants Around the World. New BU Report Says That’s Not the Case.

China is indeed the largest government funder of coal power projects around the world, accounting for 50% of coal projects that reached financial closure between 2013 and 2018, according to a new policy brief from Boston University's Global Development Policy Center.

ICBC Bails on Financing $3 Billion Sengwa Coal Power Plant in Zimbabwe

Environmental groups in Zimbabwe are celebrating the news that China's largest bank, the Industrial and Commercial Bank of China (ICBC), has decided not to fund the controversial $3 billion Sengwa coal-fired power plant. This a milestone decision since ...

The Impact of China’s Financing for Coal on Climate Change and Agriculture in Africa

Back in September 2020, President Xi Jinping announced China would aim for carbon neutrality by 2060, followed by setting more ambitious Nationally Determined Contributions (NDCs) for 2030. Such bold commitments appeared to reflect Beijing progressing towards adopting climate-friendly policies, premised on low-carbon and renewable technologies. ...

Report: The Belt and Road Is Becoming Greener as China Backs Away From Financing Coal Power Projects

China has a well-deserved reputation for being the financier of choice for coal-powered energy projects around the world. While many other development finance agencies have backed away in recent years from underwriting heavily polluting power plants, China seemingly went the other way.

China’s Largest Commercial Bank Says It Plans to Phase Out Financing Coal Projects

The chief economist at China's largest bank, the International Commercial Bank of China, and one of the world's largest financiers of fossil fuel projects said the bank will begin to phase out support for coal power projects.  Zhou Yueqiu told a ...
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