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Chinese plan to shelve coal projects highlights complex, evolving relations

The risk that almost 11GW of planned sub-Saharan power generation capacity will be shelved if Beijing carries through on one of its more public climate change pledges, to end state financing of overseas coal projects, underlines the extent Chinese policy impacts on African economies. In the run-up to a COP26 meeting, where superpower posturing may overwhelm efforts to achieve global consensus, Chinese policy on foreign projects, military expansion and huge debts are examined by Marc Howard, Ajay Ubhi and Jon Marks

Issue 448 - 22 October 2021

PinPower, Finance, Politics

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Sherpas struggle in the COP26 foothills amid big power rivalry

Much of the news flow ahead of the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow in November has been about which global leaders will turn up and what carbon reduction commitments they will make. Many in Africa are more concerned the least-developed continent will be forced to adopt ill-fitting policy straightjackets and forced to choose between rival superpower-led development models, most notably China’s One Belt, One Road Initiative (BRI) and the US-led Clean Green Initiative (CGI) and Build Back Better for the World (B3W) programmes.

Issue 448 - 22 October 2021

PinRenewables, Power, Finance, Politics

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