China’s
energy policy and its effect on the environment is big news now and with recent
events involving Africa have raised the World’s attention.
EcoCrops International takes great pride in the sustainability of our ethical green investments, which
why we find the latest news of Egypt’s plan to build the World’s largest
coal-fired power disturbing.
China had maintained in its South-South climate agreement to
ensure clean energy projects where their number one priority. However it would appear that China is more
interested in promoting its coal industry and hydro power projects that are a
serious risk to the environments.
There is some god news with Chinese backing, Egypt is developing
the World’s largest Solar Farm.
What is concerning for
Eco Crops International and will be for any person that takes looking
after environment seriously, is that a much of the loans provided by the
Export-Import Bank of China, and the China Development Bank, went primarily to coal,
hydropower, and the oil industry between 2000 and 2016.
In 2009 China proposed an initiative to build over 100 clean
energy projects which would help of course, but leaves many experts saying that
China could do a lot more.
Makoma Lekalakala,
director of the non-governmental organisation Earth life Africa
in Johannesburg, said “We hope that at this year’s FOCAC there will be a
greater focus on Chinese investment in clean energy in Africa.”
EcoCrops internationalcan offer investors an asset backed, fixed income, and fully insured
green energy investment yielding double-digit returns. For more
information on our European forestry investment visit www.ecocropsinternational.com or
call on 0034 932 201 207
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