wri.org October 24, 2023 By Lihuan Zhou and Ziyi Ma Cover Image by: xiaoke chen/iStock
A decade ago, China launched the Belt and Road Initiative (BRI), an ambitious effort to finance infrastructure around the world. Since then, Chinese investments made through the BRI have become an integral part of the global infrastructure landscape — particularly in developing countries — with estimates of $1 trillion or more invested across 152 countries.
Unfortunately, the first 10 years of the BRI were dominated by fossil fuel investment, with $52 billion invested in coal power alone according to the China Overseas Finance Inventory.
But the next decade could look very different: At the 2021 UN General Assembly, China announced it would cease building new coal plants abroad and instead step up investment in renewable energy, a commitment reiterated by President Xi Jinping at the latest BRI summit in October 2023.
Tiếp tục đọc “After a Decade of Fossil Fuel Investing, Can China Fulfill Its Promise of a “Green” Belt and Road Initiative?”






Abu Dhabi, United Arab Emirates, 29 August 2023 – The fossil fuel price crisis has accelerated the competitiveness of renewable power. Around 86 per cent (187 gigawatts) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil fuel-fired electricity.