In September 2021, Chinese leader Xi Jinping pledged that China would stop financing new overseas coal-fired power plants and instead pledged to ramp up support for renewable energy projects. This announcement marked an important shift in China’s global energy policy, with potential to fill the glaring gaps in the financing necessary for the energy […]
By Ishana Ratan Low- and middle-income countries face the dual goals of decarbonization and development. It might be expected that among these countries, those with a higher share of foreign direct investment (FDI) in renewable energy will lead in the energy transition. In renewable energy, foreign companies can bring skills, technology and capital to markets […]
Foreign direct investment is often cited as critical for renewable energy growth in low- and middle-income countries. However, despite the promise of foreign investment, countries like Colombia capable of quickly scaling up solar are still facing an energy crisis. Why has solar installation slowed in countries with experienced foreign investors, but continues to steadily grow […]
By Keyi Tang, Solomon Owusu and Gideon Ndubuisi China’s economic ties with Africa have grown significantly since the early 2000s. China is currently the largest bilateral trading partner and top export destination for most countries in Africa, and since 2013, China has become the largest bilateral provider of foreign direct investment (FDI) to Africa. However, […]
As the fastest growing source of foreign financing, China and Hong Kong foreign direct investment (FDI) surged to a total of $3.2 trillion in 2019. Chinese capital offers a novel opportunity for host country political and state elites to strongly foster industrialization by enacting policies outside the rules of the World Trade Organization (WTO) and […]
By Rachel Thrasher The latest report from the UN International Panel on Climate Change has made clear that this decade is make-or-break for climate action and mitigating the worst-case scenarios of a warming earth. Crucial to keeping warming below the 1.5C threshold by 2100, countries must focus on phasing out both demand and supply for […]
By Zara C. Albright In 2021, for the second year in a row, China and Latin America and the Caribbean (LAC) agreed to no new official financing commitments from the China Development Bank (CDB) or the Export-Import Bank of China (CHEXIM). Rather, the China-Latin America and the Caribbean Economic Bulletin, 2022 edition, published by the […]
By Xia Li Facilities across the globe are facing climate change exposure or physical climate risks, such as sea-level rise, heat stress, wildfire and floods. In 2021, floods in Germany and China disrupted the global shipping industry. Heat stress caused substantial labor productivity loss in countries like Australia, while rising sea levels affected infrastructure investments […]
Physical climate risks, defined as risks arising from the physical effects of climate change, increasingly affect facilities worldwide across industries including foreign assets, or foreign direct investment (FDI). Despite the increasing impact of physical climate risks on firms and facilities globally, little is known about how multinational companies incorporate such risks into their overseas investment […]
Generating 38.5 percent of the global electricity supply, coal-fired power plants are the largest contributors to carbon dioxide (CO2) emissions in the power sector. The development of these plants represents the tradeoffs and tensions between expanding and improving electricity supply, while reducing CO2 emissions, as embodied in the UN 2030 Sustainable Development Goals (SDGs) Goal […]