U.S. media China to fulfill the world’s new leader in energy demand financing-vidown

U.S. media: the new leader China into the world energy demand financing original title: America Media: China leading world energy finance for climate change the meaning of "America Forbes" magazine website on November 1st article, the original title: China is now the world’s leading energy gold master, the climate change means what? The International Monetary Fund (IMF) and the world bank have always been the backbone of the global economic and financial order. But for the world’s energy needs financing, there is now a new leader: china. China is already the world’s largest provider of energy development funds, according to a new study by the Boston University’s global economic governance initiative. From 2007 to 2014, two policy banks China — the National Development Bank and Export Import Bank – an annual total of $13 billion 500 million in financing to provide energy to foreign governments, the world bank for $10 billion. What is China’s new and growing dominance of global energy finance, what does it mean for world economic development and climate change? The study found that global energy investment projects China forward often cannot get old banking services and multilateral higher risk rating countries to provide loans, such as Bosnia Herzegovina and Sultan and other countries. It can be said that China is filling the crucial development gap. At the same time, more than 90% of China’s foreign energy loans are concentrated in coal and large hydropower projects. In addition, Chinese often "conditional assistance" way to provide such financing, the recipient must be related to the funds for the purchase of goods and services China enterprises. Of course, the Chinese singled out is not fair. Japan has also taken a similar pattern of assistance for a long time, IMF and the world bank to provide financing for the development of almost all conditions attached. In fact, as Beijing began to rewrite the rules of global development finance, China can potentially promote the development of low-carbon and socially inclusive long-term agenda. At home, the Chinese government has coordinated the financial and energy sectors, national oil companies and private clean energy technology companies. Internationally, China is also able to support clean energy trading at a relatively low risk through mixed financing. Since it can suppress the carbon footprint in the huge domestic economy, China can also stop funding for carbon emissions in poor countries. (the author Dipali · Srivastava, Wang Huicong) editor: Liu Debin SN222相关的主题文章: