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In AIIB’s six years of operation, after 142 projects approved and over $28 billion invested, the PPM has yet to receive a single complaint. A new report released by Recourse and Urgewald examines the possible reasons for this.

Since the Paris Agreement, the World Bank has provided $12 billion in direct project finance to fossil fuels, more than any other multilateral development bank.

• World Bank-required tariff reforms made new coal investments in Pakistan the world’s most profitable 
• World Bank assistance linked to 7,000 MW of new coal-fired generation
• Urgewald calls for an end to all public assistance for fossil fuelshttps://urgewald.org/en/shop/world-bank-helps-develop-asias-largest-coa…

• 49% of the companies on 2021 GCEL still developing new coal assets
• Less than 5% of companies have announced a coal exit date

While Xi did not provide any further details, NGOs and affected communities are clear about how the word “build” should be filled with meaning: The country has to end all support for new coal projects abroad, in terms of ownership, engineering contracts, insurance and/or public or private financial support.

The Chinese government is systematically trying to channel into and anchor its view of universal human rights in international institutions such as the UN Human Rights Council. A joint project of the human rights organizations Amnesty International and Urgewald has therefore identified ten important terms or phrases used by the Chinese government that are already on their way to becoming new standards.