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In the Biden Administration's Executive Order 14008,  Tackling the Climate Crisis at Home and Abroad (EO), on Jan. 27, 2021, President Joe Biden called for a climate finance plan "making strategic use of multilateral and bilateral channels and institutions, to assist developing countries in implementing ambitious emissions reduction measures, protecting critical ecosystems, building resilience against the impacts of climate change, and promoting the flow of capital toward climate-aligned investments and away from high-carbon investments." Building on this commitment, the administration on A...

May 2, 2021 Share China’s push to expand influence through the Belt and Road Initiative (BRI) has antagonised Australia. Beijing started its global infrastructure development strategy (BRI) in 2013 which has so far spread to nearly 70 countries and international organizations across Asia, Europe, and Africa. ‘Belt’ implied Silk Road Economic Belt—the overland road and rail routes through landlocked Central Asia along the famed historical trade routes. ‘Road’ meant the 21st Century Maritime Silk Road along the Indo-Pacific Sea routes through Southeast Asia to South Asia, th...

The West and its allies have re-launched their own version of the China Belt and Road A new submarine fiber-optic data cable over southern Europe and the Latin American ocean is set to be networked this month – and the schedule is unlikely to be. The EllaLink 150 million euro project is backed by public loans, including from the European Investment Bank. The China Belt and Road Initiative will be launched when the EU and its allies renew their impetus for cooperation in international infrastructure projects, according to which Beijing has spread its influence around the world. The aim is t...

Panels Seek Ways to Avoid Global Post-COVID Recovery That Leaves Some Behind, as Forum on Financing for Development Continues Format ECOSOC/7036 The Economic and Social Council continued its annual Forum on Financing for Development today, holding two interactive panel discussions, during which speakers proposed potential solutions to COVID-19’s devastating impact on infrastructure investment — lagging even before the novel coronavirus struck — and sought ways to avoid a global post-pandemic recovery that leaves some behind. Munir Akram (Pakistan), President of the Economic and Social C...

Comment A Western alternative to China’s Belt and Road is a great idea – but there’s a catch Pursuing soft power by putting taxpayers’ cash at risk to help the rest of the world go green is going to be a hard sell to voters 10 April 2021 • 4:00pm You might have thought that Joe Biden’s $2 trillion (£1.45 trillion) plan for upgrading the US’s dilapidated national infrastructure, and greening it to boot, would be enough to be getting on with, but no; he wants to do the same for the rest of the world too. While on a phone call with Boris Johnson, the US president recently disc...