Country: European Union
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Decoding China’s Record-Breaking 2022 Trade With Africa
China's trade with countries in Africa broke a new record in 2022 at $282 billion, up 11% from last year's $254 billion in two-way trade. The data reaffirms China's position as the continent's largest bilateral trading partner and shows it's solidly ...
China, Like the U.S., Wants to Onshore More of Its Critical Resource Mining
China appears to share many of the concerns over the security of its supply chains for critical minerals that now dominate conversations in North American, European and some Asian capitals. Wang Guanghua, China's minister for natural resources, explained in a lengthy ...
How the Global South Can Leverage the BRI and PGII: Competing and Complementary Infrastructure Initiatives
By Oyintarelado Moses and Keren Zhu Last month, the United States and the European Union launched new agreements under the Partnership for Global Infrastructure and Investment (PGII) on the sidelines of the G20 meeting and the European Commission announced the Global Gateway’s (GG) ...
EU’s Answer to China’s BRI Takes Shape in Africa
The European Union unveiled a $776 million infrastructure financing package for Africa on Tuesday as part of its Global Gateway initiative that is aimed at challenging China's growing influence in developing regions. European Commission President Ursula von der Leyen ...
COP27 Side Deals Have Global Implications
This year's COP27 climate gathering in Egypt inspired both celebration and disappointment. While the establishment of a Loss and Damage fund was a major victory, patchy follow-through on earlier commitments from rich countries raise doubts about its actual effectiveness.
Why Battery Decoupling Projections Could Be Way Off
The United States and Europe could free themselves from their dependence on China for electric vehicle batteries by 2030, if they invest about $160 billion. This is the key finding of a new Goldman Sach forecast, which extrapolated the long-term effects ...
EU Border Tax Proposal Sparks BASIC Backlash
An EU proposal at COP27 to tax carbon-intensive products like cement and steel is drawing resistance from a group of developing countries. At a ministerial meeting of the BASIC (Brazil, South Africa, India and China) group on the COP sidelines, officials said:
U.S.-led Coalition Rolls Out First Major Infrastructure Project Under the New Partnership for Global Infrastructure and Investment
The G7 group of wealthy countries unveiled the first major initiative as part of its Partnership for Global Infrastructure and Investment (PGII), which is ostensibly aimed at countering China's dominance in financing infrastructure in developing countries. The coalition announced a $20 ...
We Need to Acknowledge That Climate Justice Could Be Doomed
The historical enormity of the discussion at the COP27 climate summit around reparations to the Global South for the loss and damage caused by climate change provoked a conversation at the China Global South Project, and we wanted to share it with you. Here is Eric's take. ...
The China-Shaped Hole in Natural Gas Financing
The role of natural gas in African green transitions has become a flashpoint as Europe tries to maximize its own access to African natural gas while also discouraging African countries from factoring it into their own development plans. New research from Boston University’s Global ...
The Wider Implications of Europe’s Quest for African Natural Gas”?
It’s becoming increasingly clear to me that one of the most important tools for making it through these times is a capacity for grim amusement. Without it, one would simply be crushed by something like the recent UN climate reports which correctly pointed ...
China Wades Into Uganda-EU Oil Pipeline Dispute
China has sided with the Ugandan government in condemning the European Parliament’s September call to pause the building of a 1,443-kilometer oil pipeline from Uganda to Tanzania. Zhang Lizhong, China’s ambassador to Uganda, said the EU “should not use the excuse of environmental ...