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Home China’s Belt and Road Initiative should stop financing new coal power China’s Belt and Road Initiative should stop financing new coal power Ending the fuel’s use would help meet climate commitments and foster co-operation with western nations World Economy News 5 Jul 2021 • 3 min read The writer is associate professor of law at Beijing Foreign Studies University and author of ‘The Law and Governance of the Asian Infrastructure Investment Bank’ Last month, US President Joe Biden asked his G7 counterparts to back a worldwide infrastructure plan to rival China’s Belt and Road Initiative (BRI). This marked the beginning of his campaign for international co-operation in the area of high quality infrastructure, which may be viewed as a scaled-up, post Covid-19 version of the Trump-era Blue Dot Network. Nevertheless, Biden’s call produced few concrete results.

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