The World Resources Institute and the Global Development Policy Center published a new report on the green character, or absence thereof, of the Belt and Road Initiative (BRI).
Chinese investments in BRI countries have increased steadily over the years. In 2017 alone the Chinese government pledged USD 113 billion of investments, mostly in transport and energy infrastructure in BRI countries. These countries are also all signatories to the Paris Agreement. The report investigates to what extent BRI countries' pledges under the Paris Agreement, in the form of their Nationally Determined Contributions (NDCs) could help steer that Chinese investment into green or sustainable infrastructure projects. The report concludes that to date most investment are made in energy-intensive technologies and projects. The BRI has taken initial steps to include environmental and climate considerations into the investments, but data shows that more work is needed to move from words to action.
Read the full report here.