A study backed by China’s environmental ministry has called for polluting Belt and Road projects to be placed on a negative list to encourage the country’s banks to avoid coal and other environmentally harmful investments along the route.
Under the proposal, drawn up by an international coalition of non-governmental organisations launched by China’s Ministry of Environment and Ecology last year, projects will be classified based on their pollution, climate and biodiversity impacts.
The study is intended to discourage banks from supporting projects that harm the environment in the world’s largest infrastructure investment programme.
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