U.S.-led Coalition Rolls Out First Major Infrastructure Project Under the New Partnership for Global Infrastructure and Investment

The G7 group of wealthy countries unveiled the first major initiative as part of its Partnership for Global Infrastructure and Investment (PGII), which is ostensibly aimed at countering China’s dominance in financing infrastructure in developing countries.

The coalition announced a $20 billion climate finance deal on Tuesday that will help Indonesia to transition from largely coal-based energy generation to cleaner renewable sources. Jakarta has pledged to cap carbon emissions from its power sector by 2030 and also aims to generate a third of its power from renewable sources, including wind and solar.

The G7 group of wealthy countries unveiled the first major initiative as part of its Partnership for Global Infrastructure and Investment (PGII), which is ostensibly aimed at countering China’s dominance in financing infrastructure in developing countries.

The coalition announced a $20 billion climate finance deal on Tuesday that will help Indonesia to transition from largely coal-based energy generation to cleaner renewable sources. Jakarta has pledged to cap carbon emissions from its power sector by 2030 and also aims to generate a third of its power from renewable sources, including wind and solar.

…

The post U.S.-led Coalition Rolls Out First Major Infrastructure Project Under the New Partnership for Global Infrastructure and Investment <div class="cap-padlock">
<svg
version="1.1"
xml:space="preserve"
viewBox="0 0 735 980"
>
<defs
/><g
transform="translate(-132.5,-10)"><g
><g
><g
><path fill="#c5c5c5"
d="M 745,412.9 V 255 C 745,119.9 635.1,10 500,10 364.9,10 255,119.9 255,255 V 412.9 H 377.5 V 255 c 0,-67.6 54.9,-122.5 122.5,-122.5 67.5,0 122.5,54.9 122.5,122.5 v 157.9 z"
/><path fill="#c5c5c5"
d="m 132.5,561.2 v 306.3 c 0,67.7 54.9,122.5 122.5,122.5 h 490 c 67.6,0 122.5,-54.9 122.5,-122.5 V 561.2 C 867.5,493.5 812.6,438.7 745,438.7 H 255 c -67.6,0 -122.5,54.9 -122.5,122.5 z M 500,622.5 c 33.8,0 61.2,27.4 61.2,61.2 0,22.4 -12.6,41.2 -30.6,51.9 v 101.3 c 0,16.9 -13.7,30.6 -30.6,30.6 -16.9,0 -30.6,-13.7 -30.6,-30.6 V 735.6 c -18,-10.6 -30.6,-29.4 -30.6,-51.9 0,-33.8 27.4,-61.2 61.2,-61.2 z"
/></g></g></g></g></svg>
</div> appeared first on The China Global South Project.



source https://chinaglobalsouth.com/2022/11/16/u-s-led-coalition-rolls-out-first-major-infrastructure-project-under-the-new-partnership-for-global-infrastructure-and-investment/

Comments

Post a Comment

Popular posts from this blog

China Angry With Japan Over G7 Joint Statement, Labels Accusations as “Hype”

The Chinese government lodged a formal complaint to Japan over the wording of the G7 communiqué published over the weekend.  Foreign Ministry Spokesperson Wang Wenbin said on Saturday that China felt it had been “attacked”  and that a number of points raised in the G7’s joint statement amounted to an “interference in its internal affairs.” Get a daily email packed with the latest China-Africa news and analysis. Read exclusive insights on the key trends shaping China-Africa relations. Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South. China, Africa and the Global South... find out what’s happening. Subscribe today for unlimited access. Monthly $19/mo OR Yearly $199/yr (17% Savings) Already a subscriber? Log in Click Here to Learn More source https://chinaglobalsouth.com/2023/05/22/china-angry-with-japan-over-g7-joint-statement-labels-accusations-as-hype/
Read more

The Growing Influence of Chinese Policing in Africa

While joint military exercises between China and countries like South Africa draw controversy, much less attention is being paid to the role of policing in Africa-China relations. A fascinating new paper  by the Africa-China security expert Paul Nantuyla maps the growing influence of Chinese law enforcement in Africa. This includes the normalization of Chinese policing norms via institutional links and training. Get a daily email packed with the latest China-Africa news and analysis. Read exclusive insights on the key trends shaping China-Africa relations. Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South. China, Africa and the Global South... find out what’s happening. Subscribe today for unlimited access. Monthly $19/mo OR Yearly $199/yr (17% Savings) Already a subscriber? Log in Click Here to Learn More source https://chinaglobalsouth.com/2023/05/23/the-growing-influence-of-chine
Read more

Papua New Guinea, Micronesia to Sign Agreement With U.S. as Pacific Island Countries Increasingly Take Sides in Great Power Rivalry

Pacific Island Countries (PIC) are the current focal point in the escalating competition for influence between the United States and China around the world. Both Papua New Guinea (PNG) and Micronesia signed defense agreements with the United States on Monday  during a brief visit by Secretary of State Antony Blinken. Get a daily email packed with the latest China-Africa news and analysis. Read exclusive insights on the key trends shaping China-Africa relations. Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South. China, Africa and the Global South... find out what’s happening. Subscribe today for unlimited access. Monthly $19/mo OR Yearly $199/yr (17% Savings) Already a subscriber? Log in Click Here to Learn More source https://chinaglobalsouth.com/2023/05/22/papua-new-guinea-micronesia-to-sign-agreement-with-u-s-as-pacific-island-countries-increasingly-take-sides-in-great-power-rival
Read more