Gallagher Publishes Op-Ed on Global Energy Financing
Kevin Gallagher, Professor of Global Development Policy at the Frederick S. Pardee School of Global Studies at Boston University and Director of BU’s Global Development Policy Center (GDP Center), published an op-ed in Al Jazeera on China’s recent promise to stop financing overseas coal mining and power plants as well as steps the global community should take to invest in green energy.
In his article, titled “China’s global climate change challenge to the West,” Gallagher explains Chinese President Xi Jinping’s promise to cease financing on international coal plants and the announcement that followed from the Bank of China that it would stop financing overseas coal mining and power plants this year. With China taking steps to mitigate the effects of climate change and lead in financing renewable energy access in the developing world, Gallager argues that the West needs to step up its own efforts. He states that Western countries “must put pressure on the private sector to phase out coal as well,” and encourage a shift in energy finance towards cleaner energy such as wind and solar power.
The full article can be read on Al Jazeera‘s website.
Kevin Gallagher is a professor of global development policy at Boston University’s Frederick S. Pardee School of Global Studies, where he directs the Global Development Policy Center. He is the author or co-author of six books, including most recently, The China Triangle: Latin America’s China Boom and the Fate of the Washington Consensus. Read more about Professor Gallagher on his Pardee School faculty profile.