China’s overseas energy engagement in BRI countries in H1 was greenest since start
DATA
China’s overseas energy engagement in BRI countries in H1 was greenest since start
DATA

China’s overseas energy engagement in BRI countries in H1 was greenest since start

 

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China’s overseas energy engagement in Belt and Road Initiative countries in the first half of 2023 was the “greenest” in terms of project type since its start.

Some 56% of China’s $8.61 billion in engagement, which they define as construction and investment, in the energy sector in BRI countries during the first half of the year went into renewable energy such as solar, wind, or hydropower projects, according the report from the Green Finance and Development Centre at Fudan University in Shanghai. 

“If we continue at this pace, 2023 would be the year with the largest green energy investment,” it said.

Meanwhile, fossil fuel engagement this year fell to its lowest since the BRI started, with 44% in oil and gas and no new coal engagement, compared to around 61% in 2022, the report said.