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WEEK IN REVIEW: Saudi Arabia Apparently Still Not yet a Member of the BRICS Club

Saudi Arabia is apparently still not yet a member of the BRICS club despite its membership being announced at the same time as when other new members joined the bloc. The Kingdom's commerce minister Majid al-Kasabi confirmed on Tuesday Riyadh has "not yet officially joined." (REUTERS) China's long-serving special climate envoy Xie Zhenhua stepped down due to ...

COP28 Ends With Fossil Fuel Compromise, Many Unanswered Questions

This year’s COP28 will likely be remembered for its epic fights about fossil fuel use. For the first time in the gathering’s history, an explicit commitment to “phase out” fossil fuels was on the agenda. The delegates didn’t get there, committing to “transition away” from hydrocarbons instead. ...

China To Play Key Role at “Hardest” Climate Meeting

China’s position on the phasing out of fossil fuels remains unclear as the COP28 climate summit nears its end. Wrangles about getting rid of fossil fuels have come to dominate the pivotal gathering in Dubai. Speaking at a news conference in Dubai during ...

Bahrain’s Top Climate Negotiator Jokes With Chinese Counterpart That He’s Been “Busy Finding Oil”

China's Special Envoy for Climate Change Xie Zhenhua was caught in an uncomfortable situation at the COP28 conference in Dubai when a reporter from Sky News recorded him in what appears to be an awkward conversation with his counterpart from Bahrain, Mohamed bin Mubarak bin Daina.

Why the Fate of the New COP27 “Loss and Damage” Climate Fund Depends on China

Negotiators from 200 countries at the COP27 climate conference in Egypt worked overtime this weekend to finalize a controversial funding proposal that would facilitate wealthy countries to compensate developing states for "loss and damages" wrought by climate change. While the new proposal is being ...

Analysis from Cobus van Staden

Plugging into African Agency

After several years of declining funding, the African end of the Belt and Road Initiative seems to be roaring back. The newest Griffith University/Green Development Finance Center data on the Belt and Road Initiative shows that engagement with Africa jumped by 395%, while a few big projects boosted engagement in Nigeria alone more than twelvefold.
These shifts indicate a window of opportunity for African electrification. 60% of Africans still ...

How Host Country Policies are Driving Chinese Finance for Renewables

By Rishikesh Ram Bhandary The Egyptian government, host of the 2022 United Nations Climate Change Conference (COP27), has dubbed this meeting the “implementation COP.”  For many developing countries, international finance is a key enabler that allows ...

China Will “Strongly Support” Climate Compensation, But Not With Actual Money

China will support a mechanism to compensate poor countries for the loss and damage associated with climate change, but it won’t contribute any cash. That was the main takeaway from a press conference by Xie Zhenhua, China’s chief delegate to the COP27 climate summit ...