Related Articles
Chinese President Xi Jinping speaks at the opening ceremony for the second Belt and Road Forum in 2019
Forward article link
Share PDF with colleagues

China finances no new coal in 2021

Size of projects and new investment guidelines have deterred coal financing

China financed no new coal-fired power plant under its Belt and Road Initiative (BRI) in the first half of 2021, according to a report from thinktank the International Institute of Green Finance (IIGF). The BRI, launched by President Xi Jinping in 2013, is a large infrastructure plan designed to finance and build projects in neighbouring countries. The lack of coal investments in 2021 is not the result of a specific moratorium, and may simply be the result of lower overall investments levels, which fell 29pc year-on-year, to $19.3bn. “With the Covid pandemic ongoing, BRI investments were at their slowest pace since 2013” IIGF “With the Covid pandemic ongoing, BRI investments



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
BP partners with Oman on renewables and hydrogen
18 January 2022
Oil major plans to undertake wind and solar data assessment for multi-gigawatt energy hubs
Oil majors secure Scottish offshore wind rights
18 January 2022
BP, Shell and TotalEnergies buy options to develop large-scale fixed and floating projects offered in Scotwind tender round
China’s green finance boom lacks ESG data
17 January 2022
Regulators demand greater ESG disclosure as China’s emissions goals drive acceleration of green financing
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video