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Chinese President Xi Jinping speaks at the opening ceremony for the second Belt and Road Forum in 2019
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China finances no new coal in 2021

Size of projects and new investment guidelines have deterred coal financing

China financed no new coal-fired power plant under its Belt and Road Initiative (BRI) in the first half of 2021, according to a report from thinktank the International Institute of Green Finance (IIGF). The BRI, launched by President Xi Jinping in 2013, is a large infrastructure plan designed to finance and build projects in neighbouring countries. The lack of coal investments in 2021 is not the result of a specific moratorium, and may simply be the result of lower overall investments levels, which fell 29pc year-on-year, to $19.3bn. “With the Covid pandemic ongoing, BRI investments were at their slowest pace since 2013” IIGF “With the Covid pandemic ongoing, BRI investments

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