https://www.scmp.com/rss/508126/feed Kevin P. Gallagher is professor of global development policy and director of the Global Development Policy Centre at Boston University. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The world’s climate leaders have gathered in Baku, Azerbaijan, for the latest UN climate conference. It takes place in the midst of warnings that if the global community does not cut emissions by 42 per cent by 2030 and 57 per cent by 2035, we will not be able to avoid the catastrophic costs of climate change. The good news is that thanks to advances in China, Japan, Europe and the United States, the technology that is needed to meet these targets stands ready. All that is necessary is to... https://www.scmp.com/opinion/china-opinion/article/3287081/china-already-climate-finance-leader-despite-wests-finger-pointing?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3287081/china-already-climate-finance-leader-despite-wests-finger-pointing?utm_source=rss_feed Tue, 19 Nov 2024 08:30:08 +0000 With President Xi Jinping’s announcement at the 76th UN General Assembly that China “will not build new coal-fired power projects abroad”, all major public financiers of overseas coal plants have pledged to stop supporting the global coal industry. This is a major moment for the global energy transition. But as world leaders meet at the G20 summit in Rome and the UN Climate Change Conference (COP26) in Glasgow, it is time to pivot from being against financing overseas coal to being for a... https://www.scmp.com/comment/opinion/article/3154239/world-says-no-coal-china-poised-lead-green-energy-finance?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3154239/world-says-no-coal-china-poised-lead-green-energy-finance?utm_source=rss_feed Sun, 31 Oct 2021 08:30:23 +0000 According to new estimates, China now finances overseas development at nearly the same level as the World Bank. With countries currently struggling to combat Covid-19, protect the vulnerable and mount a green and inclusive recovery, this significant increase in global development funding could potentially bring major benefits to the world economy. Like any huge influx of capital into the developing world, though, China’s financial assistance also poses large risks – especially regarding debt... https://www.scmp.com/comment/opinion/article/3113359/leader-development-finance-china-can-help-create-green-inclusive?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3113359/leader-development-finance-china-can-help-create-green-inclusive?utm_source=rss_feed Fri, 11 Dec 2020 00:45:14 +0000