Net Zero Sparks 80 Percent Surge in Funding for Beijing’s Belt and Road Initiative

Chinese companies involved in manufacturing EVs and lithium batteries have poured money into renewable energy products worldwide.
Net Zero Sparks 80 Percent Surge in Funding for Beijing’s Belt and Road Initiative
Cars recharge their batteries in San Francisco on March 9, 2022. Justin Sullivan/Getty Images
Daniel Y. Teng
Updated:
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The global push towards net zero has proven to be a boon for Beijing’s Belt and Road Initiative (BRI), a global investment and lending program targeting major projects around the world.

The BRI has been subject to intense scrutiny in recent years, particularly about the lending practices (debt-trap diplomacy) from Beijing-linked entities to developing countries.

Daniel Y. Teng
Daniel Y. Teng
Writer
Daniel Y. Teng is based in Brisbane, Australia. He focuses on national affairs, including federal politics and Australia-China relations. Got a tip? Contact him at [email protected].
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