Skip to main content

Project classification mechanism launched for Belt and Road Initiative


One of the world's most ambitious infrastructure development projects—Belt and Road Initiative (BRI)—could soon adopt a classification system to prevent ecological damages. 

The investments for developing roads, ports, bridges, power plants and mining would be placed under positive and negative lists based on pollution, release of climate harming gases, deforestation and loss of wildlife. The system would help categorize projects as green, yellow and red based on ecological damages caused and measures taken to prevent it. 

While projects using fossil fuels like coal-fired power plants known for emitting a large amount of greenhouse gases would be placed under the red category, those using renewable energy, causing negligible environmental damage, would get a green tag. The yellow category would comprise of projects having a moderate impact on the environment.

"The positive and negative list will provide a foundation for governmental bodies to make sure overseas investment is in line with climate and environmental goals, said Wang Ye, a green financial analyst with World Resource Institute (WRI). "We also hope it will help improve green finance practice for overseas projects."

The classification system report was released by the BRI International Green Development Coalition (BRIGC), an initiative set up by China's Ministry of Ecology on Tuesday in Beijing.

The system will help curb pollution, climate change and biodiversity loss caused by the mega infrastructure projects associated with the BRI. The report also recommends downgrading the classification of projects directly to the red category if it "infringes on areas of ecological importance."

The classification will also help understand the full lifecycle of environmental management, suggest exclusion of environmentally harmful projects, and differentiate management for projects based on their categories.

"A green BRI will provide a platform for all countries to share in a resilient, inclusive, and sustainable development mechanism, and to implement the UN 2030 Agenda for Sustainable Development," said the report. 

The initiative, launched in 2013 by the Chinese government, aims at enhancing global connectivity by building transportation routes through Asia, Europe and Africa, involving an investment between $1 trillion and $8 trillion.

A significant fraction of the investment would be utilized for infrastructure development, including ports, roads, railways and airports, also power plants and telecommunications networks.

Since most of the projects under the BRI are in developing and emerging economies with "inadequate eco-environment standards, BRI projects face high environmental risks and greater pressure to promote green development."

According to experts, ensuring green projects under the BRI would help the world meet the Paris Climate Agreement to reduce carbon emissions to keep the global temperature rise within 2 degrees Celsius.

Chinese policymakers have also stressed "continually consolidating and deepening Green BRI implementation" under the 14th Five-Year Plan, which was released recently. 

(Cover: Construction workers developing a grid network between China and Laos under the BRI. /CFP)


https://news.cgtn.com/news/2020-12-02/Project-classification-mechanism-launched-for-Belt-and-Road-Initiative-VTgfO8uioo/index.html

Comments

Popular posts from this blog

SSG Commando Muddassir Iqbal of Pakistan Army

“ Commando Muddassir Iqbal was part of the team who conducted Army Public School operation on 16 December 2014. In this video he reveals that he along with other commandos was ordered to kill the innocent children inside school, when asked why should they kill children after killing all the terrorist he was told that it would be a chance to defame Taliban and get nation on the side. He and all other commandos killed children and later Taliban was blamed. Muddassir Iqbal has deserted the military and now he is  with mujahedeen somewhere in AF PAK border area” For authenticity of  this tape journalists can easy reach to his home town to interview his family members or   ISPR as he reveals his army service number” Asalam o Alaikum: My name is Muddassir Iqbal. My father’s name is Naimat Ali. I belong to Sialkot divison (Punjab province), my village is Shamsher Poor and district, tehsil and post office  Narowal. Unfortunately I was working in Pakistan army. I feel embarrassed to tell yo

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میں Please help the deserving persons... Salary: Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows; Welder: Rs. 1,700 daily Heavy Duty Driver: Rs. 1,700 daily Mason: Rs. 1,500 daily Helper: Rs. 850 daily Electrician: Rs. 1,700 daily Surveyor: Rs. 2,500 daily Security Guard: Rs. 1,600 daily Bulldozer operator: Rs. 2,200 daily Concrete mixer machine operator: Rs. 2,000 daily Roller operator: Rs. 2,000 daily Steel fixer: Rs. 2,200 daily Iron Shuttering fixer: Rs. 1,800 daily Account clerk: Rs. 2,200 daily Carpenter: Rs. 1,700 daily Light duty driver: Rs. 1,700 daily Labour: Rs. 900 daily Para Engine mechanic: Rs. 1,700 daily Pipe fitter: Rs. 1,700 daily Storekeeper: Rs. 1,700 daily Office boy: Rs. 1,200 daily Excavator operator: Rs. 2,200 daily Shovel operator: Rs. 2,200 daily Computer operator: Rs. 2,200 daily Security Supervisor: Rs.

A ‘European Silk Road’

publication_icon Philipp Heimberger ,  Mario Holzner and Artem Kochnev wiiw Research Report No. 430, August 2018  43 pages including 10 Tables and 17 Figures FREE DOWNLOAD The German version can be found  here . In this study we argue for a ‘Big Push’ in infrastructure investments in greater Europe. We propose the building of a European Silk Road, which connects the industrial centres in the west with the populous, but less developed regions in the east of the continent and thereby is meant to generate more growth and employment in the short term as well as in the medium and long term. After its completion, the European Silk Road would extend overland around 11,000 kilometres on a northern route from Lisbon to Uralsk on the Russian-Kazakh border and on a southern route from Milan to Volgograd and Baku. Central parts are the route from Lyon to Moscow in the north and from Milan to Constanţa in the south. The southern route would link Central Europe with the Black Sea area and