China’s Global Energy Finance Database – Data Update, 2000-2023

At the recent Ninth Forum on China-Africa Cooperation, China committed an estimated $50 billion for Africa from 2024-2027, including $30 billion in credit lines. While specific allocation details were not provided, the funding is aimed at supporting 30 clean energy projects across the continent.

A new update to the China’s Global Energy Finance (CGEF) Database, managed by the Boston University Global Development Policy Center, reveals that China’s overseas energy finance is set to rebound in the coming years, with a decidedly green slant.

Over the past 23 years, China’s development finance institutions have provided an estimated 367 loans, totaling $209 billion to 118 public borrowers in 68 countries around the world.

In 2023, the CGEF Database recorded three new energy-related loan commitments from the Export-Import Bank of China, totaling $502 million, to three African government borrowers – Madagascar, Burkina Faso and Uganda – marking a cautious comeback after a one-year hiatus.

However, the amount committed in 2023 is only 6 percent of the average annual lending total amount for 2000-2022.

What trends characterize the 23 years of data tracked in the CGEF Database? Which countries and energy sub-sectors have received the most financing? And what are the implications of China’s cautious return to overseas energy finance?

On Thursday, November 14, 9:00 AM-10:00 AM EST / 15:00-16:00 CET join the Boston University Global Development Policy Center for a webinar discussion on the latest data and insights from the CGEF Database.

Speakers:

• Jiaqi Lu: Senior Academic Researcher, Global China Initiative, Boston University Global Development Policy Center

• Diego Morro: Data Analyst and Database Manager, Global China Initiative, Boston University Global Development Policy Center

• Rebecca Ray (Moderator): Senior Academic Researcher, Global China Initiative, Boston University Global Development Policy Center

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