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Sustainable development

China Fosters Global Cooperation on Green Development of the Belt and Road Initiative

Strategic Insights

— 1 min read

Minister Huang Runqiu of China's Ministry of Ecology and Environment met with high-level officials from Burkina Faso, Laos, the United Nations, and Sustainable Energy for All to discuss the green development of the Belt and Road Initiative. China emphasized its commitment to promoting joint construction of the green Belt and Road, supporting the green and low-carbon development of developing countries, and addressing climate change. Bilateral cooperation agreements were reached, and both parties expressed optimism about the potential for green and low-carbon development under the Belt and Road framework.

Key Takeaways:

  • Minister Huang Runqiu welcomed the high-level forum on green development of the third Belt and Road International Cooperation Summit Forum, stressing the importance of joint construction of the green Belt and Road.
  • China is willing to conduct exchanges and cooperation with Burkina Faso on South-South cooperation in addressing climate change, environmental supervision, and other fields.
  • Laos has made positive contributions to the green development of the Belt and Road initiative, and China is willing to continue strengthening exchanges and cooperation with Laos.
  • The Saysetta low-carbon demonstration zone will create a model for South-South cooperation in addressing climate change.
  • China's Eco-Voucher Project has achieved remarkable results in pollution prevention and control.
  • Sustainable Energy for All CEO Rachel Kyte expressed her willingness to cooperate with China in addressing climate change.
  • The Belt and Road Initiative is anticipated to bring substantial benefits to the participating countries, with an estimated investment of over $1 trillion by 2025.
  • The International Energy Agency estimates that global energy demand will increase by 30% by 2050, and the Belt and Road Initiative can play a crucial role in meeting this demand.

Statistics:

  • Over 128 countries and 31 international organizations have participated in the Belt and Road Initiative.
  • China has invested over $759 billion in the Belt and Road Initiative since 2013.
  • 114 countries have signed Belt and Road cooperation agreements with China.
  • The estimated investment in the Belt and Road Initiative is over $1 trillion by 2025.
  • Global energy demand is expected to increase by 30% by 2050.

Sources:

  • Ministry of Ecology and Environment of China
  • United Nations Global Compact
  • Sustainable Energy for All
  • Contify.com

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