BRI, BRICS, & Global South~

On August 9, the UN Intergovernmental Panel on Climate Change released a special report. It emphasizes that without “immediate, rapid, and large-scale” reductions in greenhouse gas emissions, it will be impossible to contain global warming and avoid frequent and severe climate events in the coming decades. Many laments the enormous costs of achieving zero carbon emissions, which the Energy Transition Commission estimates to be between $1 trillion and $2 trillion […]

The U.N. climate panel’s new report sounded a dire warning, saying the world is dangerously close to runaway warming – and that humans are “unequivocally” to blame.  The landmark report on climate change was released on Monday by the Intergovernmental Panel on Climate Change (IPCC), the United Nations expert body for assessing the science related to climate change. Unless immediate, rapid and large-scale action is taken to reduce emissions, the […]

Canadian companies have the greatest share of foreign investment in Amazon energy and mining projects while companies headquartered in China control scarcely 10% across the hydropower and extractives sectors, according to new data published by US think-tank the Inter-American Dialogue. China is the biggest foreign investor in renewable hydro–electricity power in the Amazon but Canadian companies have the most shares across environmentally risky sectors, new data shows. “I don’t think anyone knew […]

Since the Belt and Road Initiative (BRI) was proposed in 2013, China has invested and constructed more than 80 hydropower projects globally across six continents. While helping different regions raise standards of living and stimulate their economies, these projects also demonstrate the concept of “green development” in their design, construction and operation procedures. In addition to obeying local rules and green development guidelines under the BRI framework, Chinese companies have […]

Dongfang Electric Corporation (DEC) held an online open house event at the Aysha Wind Farm Project in Ethiopia on July 12, showcasing the progress of the project and the company’s contribution to local development. It is the first wind power project in the Somali Region of the country and the first of its kind to be generally contracted by DEC overseas. Click link for video: https://news.cgtn.com/news/2021-08-04/DEC-opens-its-first-overseas-wind-farm-project-in-Ethiopia-to-world-12rOmR16UzC/index.html Source: CGTN 04-Aug-2021