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Xi’s Pledge to Halt Building Coal Plants Overseas Sparks Mix of Excitement, Confusion, and Even Some Concern

Environmentalists around the world celebrated Chinese President Xi Jinping's announcement at the UN this week that Beijing would stop building coal-fired power plants overseas. But the news prompted concern in some of the countries where more than 20 Chinese financed coal-fired power ...

China Will No Longer Build Coal Power Plants Overseas, Xi Tells UN

China's long history of building coal-fired power plants in developing countries around the world is now over, said President Xi Jinping in a short, 15-minute video address to the United Nations General Assembly. "China will step up support ...

New Trends in Chinese Energy & Development Finance

U.S. special climate envoy John Kerry will be in China next week to pressure the government to renounce all future financing of coal power plants around the world. Although China generally does not respond well to foreign demands like ...

Week in Review: Crime, COVID and Cables

The Facebook-led 2Africa undersea data cable initiative announced that it will add three more countries to its list of landing sites across Africa. Seychelles, Comoros, and Angola will all be connected to the billion-dollar, 37,000-kilometer cable that will connect Africa, Europe, and the Middle East. In what is ...

An Update on the Current State of China-Zimbabwe Economic Relations

China's ties with Zimbabwe are either going off the rails or are among the strongest most dynamic in Africa depending on who you listen to. Mounting civil society anger towards Chinese companies and their apparent disregard for local labor and environmental ...

TRANSLATION: Nuclear Power Not a Viable Energy Option in Africa Say Trio of Chinese Experts

Africa's energy needs are enormous, especially as countries across the continent are moving quickly to build power-hungry industrial sectors. While the need for abundant clean energy is clearly there, some, led by Russian vendors, have proposed that nuclear energy may be the right solution.

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 ...
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