Tracking China's Global Energy Finance
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Since 2000, the China Development Bank and the Export-Import Bank of China have emerged as major global funders of energy infrastructure providing upwards of $160 billion in energy finance to governments across the world, nearly matching the amount of finance provided by the World Bank and the regional multi-lateral development banks. To better understand the size and types of this energy investment, Kevin Gallagher and his research team at Boston University have launched a new interactive China’s Global Energy Financedatabase that tracks international energy investments by Chinese banks. The database has revealed that nearly 80% of Chinese bank investment goes into power plant construction—two-thirds of which were coal plants. Besides presenting insights from the database, Dr. Gallagher will discuss how Chinese energy finance compares to other global energy financiers. Dr. Wang Yan (Peking University) will put this energy financing in a larger context by explaining the non-concessional finance approach China’s global banks are taking to promote industrial and infrastructure development around the world. Paulina Garzon will provide examples of positive and negative impacts that Chinese energy investments are having on communities in Latin America.
China Environment Forum
Since 1997, the China Environment Forum's mission has been to forge U.S.-China cooperation on energy, environment, and sustainable development challenges. We play a unique nonpartisan role in creating multi-stakeholder dialogues around these issues. Read more