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.
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.