Are China’s banks going cool on coal power plants in Africa?

Source: China – South China Morning PostCoal developers in Africa may be forced to find alternative sources of financing or shift into solar and hydro, as Chinese lenders gradually shy away from plants powered by the fossil fuel, according to observers.Coal projects worth more than US$20 billion in Africa have either been shelved or cancelled in recent years as environmental activists have piled pressure on lenders. The number could be much higher if distressed projects are added, according to data compiled by the Green Belt and Road…Read More

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