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China pledged to stop funding coal plants in Africa a few years ago. More recently the seem to be aiming to fund green energy transitions abroad.
by ZeroGravitas 2y ago
China pledged to stop funding coal plants in Africa a few years ago. More recently the seem to be aiming to fund green energy transitions abroad.
- defrost 2y agoNice pledge. As of today the majority of China's coal activity in Africa is directly related to China's mining activity in Africa to provide power for ectraction, processing and townships. That mining activity is 'small' in the sense that Chinese mining companies represent ~ 8 percent of Africa’s total output in the sector and are concentrated in just five countries: Guinea, Zambia, South Africa, Zimbabwe, and the Democratic Republic of the Congo (DRC). Resource extraction from those regions back to China is currently approx. $13 billion US (for resources that would likely cost 5x that cost if sourced from Canada or Australia) China is not alone and by no means the greatest extractor; Anglo-American alone accounts for more than double that 8% share.