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President Xi Jinping has pledged China would stop funding overseas coal and turn to green energy projects, but policy lenders have not followed suit, study says.
China’s Global Energy Finance, 2020
The China’s Global Energy Finance Database, compiled and updated annually by Boston University’s Global Development Policy Center, is an interactive data project that exhibits financing for global energy projects by China’s two global policy banks the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM).
In February 2021, the database was updated with 2020 data. A policy brief by Xinyue Ma, Kevin P. Gallagher and Siqi Chen summarizes the main findings and analyzes the trends.
Some main findings from the 2020 update include:
In 2020, China’s Global Energy Finance Database recorded $4.6 billion of overseas energy sector finance provided by China’s two development banks with global operations the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM). This represents a continued decrease from the $8.1 billion in lending to foreign countries recorded in 2019.
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