https://www.scmp.com/rss/330632/feed Energy Finance Analyst – Institute for Energy Economics and Financial Analysis en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com “Gas is over,” proclaimed European Investment Bank chief Werner Hoyer at the beginning of this year as he stated the bank’s vision to end the unabated use of fossil fuels. European officials have since called on the World Bank to phase out lending for gas projects globally, and to end support for coal and oil. US President Joe Biden, meanwhile, pledged in the early days of his presidency to end public finance for fossil fuel development overseas. Policy changes on fossil fuel financing have not... https://www.scmp.com/comment/opinion/article/3129922/energy-financiers-asia-must-stop-supporting-regions-costly?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3129922/energy-financiers-asia-must-stop-supporting-regions-costly?utm_source=rss_feed Sun, 18 Apr 2021 13:00:14 +0000 At the first ever “Belt and Road” forum hosted in Beijing in 2017, President Xi Jinping pledged the US$900 billion infrastructure project would “seize new opportunities … and achieve green and low-carbon development.” Yet as analysis last month demonstrated, Chinese funding is responsible for more than a quarter of all new coal plants outside its borders, many of which are using outdated technology no longer allowed in China. President Xi must swiftly reconcile rhetoric and reality. The... https://www.scmp.com/business/banking-finance/article/2185592/new-generation-coal-power-belt-and-road-countries-would-be?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/2185592/new-generation-coal-power-belt-and-road-countries-would-be?utm_source=rss_feed Sun, 10 Feb 2019 10:30:00 +0000