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 ...

This Chart Explains Why DRC President Tshisekedi Wants to Renegotiate Those Chinese Mining Contracts

While DR Congo President Félix Tshisekedi has said that he wants to review foreign (mostly Chinese) mining contracts to ensure they're more equitable, he hasn't provided any specific explanation for why he's choosing to do so now. There are many theories ...

Ford’s CEO is Unhappy with China and the DRC’s Control Over EV Supply Chain

Ford chief executive Jim Farley said the cost of electric vehicles remains too high, in part because of the cost of importing key raw materials like cobalt from the Democratic Republic of the Congo and relying on batteries made in China. Instead, Farley called for both to ...

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 ...
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