Promoting Green Belt and Road Initiative: Green Finance Is Essential

2019-08-22

Green Belt and Road Project released two research reports in August 2019. “Study on Promoting Belt and Road Green Finance Policy” emphasizes green Belt and Road development and analyzes global green finance practices and their effects. It puts forth a series of targeted policy recommendations for countries along the Belt and Road, emphasizing international cooperation and helping financial institutions to promote green BRI development. “Research on Green Investment Guidance and Financing Standards for Policy Banks in the Belt and Road Initiative” provides systematic suggestions on standards and procedures for Chinese policy banks’ overseas investment, including coal power plant investment, by identifying the shortcomings of the banks’ current policies and comparing and benchmarking these policies with the Environmental and Social Standards (ESS) of other international financial institutions. The report includes interviews with staff from the China Development Bank (CDB) and the Export-Import Bank of China, with the goal of developing green cooperation with BRI countries as supported by Chinese government. The study provides a research foundation for China's policy banks to develop guidelines and specifications for BRI green investment and financing. 

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