Joe BidenJoe BidenQuestions remain unanswered as White House casts upbeat outlook on Trump’s COVID-19 fight CNN anchor confronts senior Trump campaign adviser after motorcade: Trump’s ‘downplaying the virus’ Biden again tests negative for COVID-19 MORE’s plan for climate change and environmental justice attacks China for financing fossil fuels. If the United States wants to green China’s overseas energy finance, it must compete by offering attractive funding for cleaner alternatives, such as solar and wind power.
China’s overseas energy finance has had a large impact on energy development around the world. According to Boston University’s Global Development Policy Center, Chinese policy banks provided energy finance worth $251 billion outside China between the years 2000 and 2019. Of this total, $26 billion funded coal and $88 billion funded oil.
China’s energy infrastructure footprint will play a decisive role in accelerating or mitigating climate change. The emerging economies that rely on