(Global Trade Review, London, 3 March 2021) Overseas energy financing from Chinese policy banks plummeted last year in the wake of the Covid-19 pandemic, a new report says, as pressure builds on Beijing to drop its zest for coal projects in developing countries. According to data from Boston...
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(Global Development Policy Center, Boston, 12 February 2021) In 2020, China’s two development banks with global operations — the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM) — recorded $4.6 billion of overseas energy sector finance. This represents a decrease of 43...
more(South China Morning Post, Hong Kong, 15 August 2020) China risks being left behind as South Korea and Japan signal a shift away from financing overseas coal power in response to growing criticism over their support for the dirty fossil fuel. The three countries are the top global lenders for...
more(Los Angeles Times, Suralaya, 13 May 2019) In the last-ditch global battle against climate change, China, Japan and South Korea have joined other industrialized nations in promising to reduce their use of fossil fuels. Yet even as they take steps to promote renewable energy at home, these three...
more(The Nation, Bangkok, 30 December 2017) Already the world’s fifth-biggest greenhouse gas emitter, Indonesia is leading Southeast Asia’s boom in coal-fired power. Already one of the world’s biggest carbon polluters because of deforestation, Indonesia has back-pedalled on a pledge to cap coal...
more(ABC, Sydney, 22 November 2017) As the world grapples with the fossil fuel’s role in the future energy mix, Indian bilionaire Guatam Adani's proposed Carmichael coal mine became a defining issue in Australia's Queensland election. An unnamed Adani Mining director was quoted as saying the...
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