A bridge crane is installed at the US$1.4 billion coal-fired Hwange Thermal Power Station in Zimbabwe. Although Chinese development lending has helped increase global energy capacity, 64 per cent of the plants it has financed are in the carbon-intensive coal sector. Photo: Handout
A bridge crane is installed at the US$1.4 billion coal-fired Hwange Thermal Power Station in Zimbabwe. Although Chinese development lending has helped increase global energy capacity, 64 per cent of the plants it has financed are in the carbon-intensive coal sector. Photo: Handout
Kevin P. Gallagher
Opinion

Opinion

Kevin P. Gallagher and Rebecca Ray

As a leader in development finance, China can help create a green, inclusive recovery

  • China’s leading role creates a great opportunity for the world economy, but there are also risks of debt distress and environmental damage
  • China, its debtors and the international community need to maximise the benefits and minimise the risks of Beijing’s much-needed global development finance

A bridge crane is installed at the US$1.4 billion coal-fired Hwange Thermal Power Station in Zimbabwe. Although Chinese development lending has helped increase global energy capacity, 64 per cent of the plants it has financed are in the carbon-intensive coal sector. Photo: Handout
A bridge crane is installed at the US$1.4 billion coal-fired Hwange Thermal Power Station in Zimbabwe. Although Chinese development lending has helped increase global energy capacity, 64 per cent of the plants it has financed are in the carbon-intensive coal sector. Photo: Handout
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