Tuesday, June 29, 2021

China Pulling Back from Financing Coal Power in Africa and Elsewhere

 The Green Belt and Road Initiative Center published on 16 June 2021 a report titled "Brief: Coal Phase-out in the Belt and Road Initiative (BRI): An Analysis of Chinese-backed Coal Power from 2014-2020" by Christopher Nedopil Wang.  

Between 2014 and 2020, China shelved about half of its Chinese-financed coal-fired plants globally.  Zimbabwe was a big loser in the effort to reduce coal power.  Other African countries with distressed coal investments with Chinese participation were Egypt, Botswana, Nigeria, Ghana, Tanzania, Malawi, Mozambique, Sudan, and Zambia.