Why Is China Funding Unsustainable Coal Projects In Pakistan?

28 Apr 2017   China, Coal, Pakistan

On April 16th, Chinese investments in Pakistan through the much-vaunted China-Pakistan Economic Corridor (CPEC) were revised upwards, from $46 billion to a whopping $62 billion . The project, part of China’s ambitious Belt and Road initiative to invest in trade routes from Asia to Europe, has huge implications for Pakistan’s development prospects. As part of CPEC, Beijing plans to build new industrial parks, railways, and roads to link its Xinjiang region with Pakistan’s port city of Gwadar. But instead of giving cause for celebration, the colossal Chinese investments heading to Pakistan have sparked massive protests from locals and environmentalists. Why? Because of Beijing’s senseless decision to use part of the funds to build outdated coal power plants. Since Pakistan boasts more than 175 billion tonnes of coal (equal to Saudi Arabia’s oil deposits in terms of heating value), harnessing its energy reserves is crucial to ensure the country’s economic […]

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