Tag: Green BRI

Representatives from 32 countries attended the opening day of the Belt and Road Energy Partnership conference in the northern port city of Qingdao on Monday. Ethiopia's ambassador to China Teshome Toga (photo) was among the first day's speakers along with Vice-Premier Han Zheng. ...

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 has dramatically cut back financing overseas infrastructure development initiatives, especially for carbon-intensive energy projects involving oil, gas, and coal. From 2016 to 2019, China's two major policy banks slashed lending by a stunning 85%. ...