Biden’s focus on climate change could turn up the pressure on China’s mega infrastructure program

SourceCNBC
SectorEconomy
CountryMiddle east

Workers take down a Belt and Road Forum panel outside the venue of the forum in Beijing on April 27, 2019.Greg Baker | AFP | Getty ImagesSINGAPORE — U.S. President-elect Joe Biden's pledge to prioritize fighting climate change could turn up the pressure on China's massive Belt and Road Initiative — which has been criticized for financing and building infrastructure projects that harm the environment."Strong U.S. leadership for addressing climate change will make it harder for China to greenwash the Belt and Road," Jonathan Hillman, a senior fellow at American think tank Center for Strategic and International Studies, told CNBC via email.Launched in 2013, the Belt and Road Initiative or BRI is an ambitious program to build physical and digital infrastructure that connect hundreds of countries from Asia to the Middle East, Africa and Europe. Many critics consider the initiative Chinese President Xi Jinping's signature foreign policy to expand his country's global influence.Strong U.S.

leadership for addressing climate change will make it harder for China to greenwash the Belt and Road.Jonathan HillmanCenter for Strategic and International StudiesEnergy projects — many of them fossil fuel power plants — have been the center of the initiative. China has over the past few ...read more...