Tag: energy
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Lights On: Prospects for Renewable Energy in Southern Africa Amid Pandemic and Debt Distress
By Cecilia Springer and Magalie Masamba A November 2020 report found the Southern African Development Community (SADC) region could achieve full energy access and 53% renewable energy (RE) installed capacity by 2040 with an investment of nearly $53 billion.
The China-Mediterranean Observer: Assessing the Impact of the Chinese Defense Minister’s Recent Visit to Iran
We start this issue of the ChinaMed Observer reporting on the visit to Iran made by the Chinese Minister of Defence, Wei Fenghe. During the visit on April 27th Wei met with several high-ranking Iranian officials, including President Seyed Ebrahim Raisi, Minister of Defense General Mohammad-Reza Gharayi ...
What Do the African Development Bank Annual Meetings Mean for Chinese Energy Finance in Africa?
By Oyintarelado (Tarela) Moses This week, the African Development Bank (AfDB) convenes its annual meetings in Accra, Ghana under the theme of Achieving Climate Resilience and a Just Energy Transition for Africa. As countries throughout the region experience the effects ...
New Guidelines Puts Green Development at the Heart of the BRI
China’s National Development and Reform Commission (NDRC), the most powerful state body overseeing economic planning, released a new set of guidelines on Monday that will shape the Belt and Road Initiative over the next decade. These guidelines put green development at ...
New Trends in Chinese Overseas Development Finance
In less than six years, China's financing of overseas energy projects in the Global South plunged from $35 billion to zero, according to new data released this week from Boston University's Global Development Policy Center. BU's findings mirror a broader pullback ...
China, Europe and the Geopolitics of African Renewable Energy
Both China and the European Union have identified renewable energy as a key part of their engagement strategies with Africa. At FOCAC last year, the Chinese vowed to increase investment in solar, hydro, and other green technologies while the EU made ...
China’s Policy Banks Stopped All Funding For Overseas Energy Projects Last Year
The once seemingly endless flow of Chinese money to fund energy projects throughout the Global South reached a milestone in 2021 when it dropped to zero, according to new research from Boston University's Global Development Policy Center. A ...
Outlier or New Normal? Trends from the 2022 China’s Global Energy Finance Database Update
By Cecilia Han Springer 2021 saw persistent economic impacts from the COVID-19 pandemic, narrowing borrowing capacities in developing countries, and a global trend towards phasing out coal. These factors converged in a shocking finding from the 2022 release of the China Global Energy Finance (CGEF) Database, managed ...
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. ...
Ummm… Errr…. Sorry, Apple Can’t Produce iPhones in Africa
The suggestion by a Washington, D.C. lobbying firm that "there is no reason why Apple cannot produce iPhones in Africa instead of China" is the latest evidence of just how delusional the discourse in the U.S. capital is today.
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 ...
Argentina Joins Belt & Road as Part of a Full Embrace of China (and Russia)
Argentinian President Alberto Fernández met for 40 minutes with his Chinese counterpart Xi Jinping in Beijing on Sunday, in what appears to be a major foreign policy shift for Latin America's fourth-largest economy. First, and most importantly, Argentina signed on to become the