Chinese equity investment in solar, wind and coal power projects in Belt and Roa...
FILE PHOTO - A volunteer stands next to a Belt and Road Forum logo at the China National Convention Center, in Beijing, China, April 25, 2019. REUTERS/Jason Lee
The Belt and Road initiative is a Beijing-led program to boost economic and trade ties in dozens of countries in Asia, Europe and beyond, mostly through investments in energy and infrastructure. The country has also invested in 67.9 gigawatts of new coal-fired power in Belt and Road countries since 2014, but Greenpeace climate and energy campaigner Liu Junyan said the increase in the share of renewables should be welcomed.
China has been building dozens of new renewable energy projects at home to reduce the share of coal in its total energy mix to 59% by the end of last year. It has also been encouraging its existing coal-fired power plants to install ultra-low emissions technology.
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