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Belt and Road Initiative & Green Finance
20 Aug, 2020

EC-Link Project has been developing a series of research papers focusing on the Belt and Road Initiative, this one focusing towards the importance of Green Finance within BRI.

Indeed, International cooperation in frameworks like the Belt and Road Initiative (BRI) provide ample opportunities for economic growth, high returns on investments and social development. At the same time, investments for development will lead to an acceleration of pollution, greenhouse gas (GHG) emissions and loss of biodiversity if we follow current trajectories. Simply said, current policies and investment activities are insufficient to tackle the goal of having a zero-carbon society by 2050 in Europe, in China and in the BRI.

In urban areas, it is particularly the investment in the transport sector, industrialization and sustainable urbanization that have a great influence on future green growth trajectories. Therefore, in addition to policies on renewable energy, energy efficiency, clean transport, green urbanization (such as buildings) on the demand-side, policy makers have to improve policies for green domestic and cross-border finance. 

To understand the current situation and potential future trajectories, this report analyzes green urban finance developments in China, Europe and BRI. It provides an overview of the green finance policy perspective, analyze developments of public and private finance and provides relevant 5 green urban finance case studies from Europe (Paris (FR), Litoměřice (CZ) and Essen (DE)) and China (Shandong, Shenzhen) among many other minor examples.

Finally, based on developed findings, 11 recommendations are drawn on how to accelerate green urban finance in the BRI.

The Belt and Road Initiative & Green Urban Finance Research Paper can be easily downloaded at: 

http://eclink.org/upload/attachment/0133b175a91f44099b882b16339b37d7.pdf