A Canadian ex-employee of the investment bank AIIB flees China head over heels after receiving a tip. His government suspends ties with the bank and considers withdrawing from it. Critics of the institution see their suspicions confirmed.
By Marcel Grzanna
At the recent UN General Assembly, China's President Xi Jinping announced to the media that he would no longer pursue new coal projects abroad. Nora Sausmikat from the environmental rights organization urgewald e.V. takes stock of the World Climate Conference in Glasgow. China is still one of the biggest expansionists in coal-fired power plants worldwide. Even the switch to gas and liquefied petroleum gas are only "sham solutions" that jeopardize even the Paris Climate Agreement. Moreover, without a total phase-out at home, the withdrawal from coal abroad will hardly work.
By Ning Wang
China's coal phase-out has so far been little more than lip service. The country builds and plans a large number of fossil-fuel power plants and invests in corresponding projects worldwide. Even worse, foreign investors continue to pour money into China's coal industry projects. German financial firms are among them.
By Redaktion Table
