1st Edition

Green Finance, Sustainable Development and the Belt and Road Initiative

Edited By Fanny M. Cheung, Ying-yi Hong Copyright 2021
    326 Pages 82 B/W Illustrations
    by Routledge

    326 Pages 82 B/W Illustrations
    by Routledge

    Can China’s Belt and Road Initiative (BRI) promote sustainable development, alongside its primary aims of increasing commercial connectivity with China’s partners?

    In discussions of the BRI the focus has tended to be on the implications for infrastructure construction, connectivity, and economic diplomacy. Rather less attention has been paid to its potential impact on sustainability. The initiative has not only set principles to prevent climate change and promote sustainable development, but also pledged to align with the UN’s environmental objectives. The contributors to this volume describe and evaluate the consequent policy coordination in the areas of green finance, green energy, and sustainable development in the Belt and Road regions. They examine both the challenges and opportunities of these projects, and the role that Hong Kong can play in supporting their assessment, finance, and implementation. With contributions from authors based in mainland China, Hong Kong, Australia, Qatar, the UK, and the US – with experience in corporate social responsibility, international finance, environmental policy, and international relations – this book presents a thorough and rigorous analysis of the green side of the BRI.

    A valuable resource for scholars of the BRI and its many implications for China, its partners, and the development of sustainable infrastructure.

    Introduction: Green Finance, Sustainable Development, and the Belt and Road Initiative

    Section 1. BRI and National Competitiveness

    Chapter 1:

    Development in the Belt and Road Regions from a Competitiveness Perspective: The First Lustrum Review

    Victor Zheng, Hua Guo

    Section 2. Renminbi Internationalization and Green Finance

    Chapter 2:

    The Belt and Road Initiative and China's Green Foreign Direct Investment

    Wen Wang, Fanxin Yang

    Chapter 3:

    Sustainability of RMB Internationalization

    Cheung-kwok Law

    Chapter 4:

    China’s Rising Consumerism and RMB Internationalization and Sustainable Growth

    Minggao Shen and Jianghui Chen

    Chapter 5:

    Understanding Green Bond Challenges: A Stakeholder’s Perspective

    David C. Broadstock, Louis T.W. Cheng, and Tiantian Wang

    Section 3. Green Energy, Technology and Manufacturing

    Chapter 6:

    Advancement of Environmental Sustainability through LNG: the Case of Qatar–China Relations

    Steven Wright

    Chapter 7:

    Technological Assessment of CO2 Capture and EOR/EGR/ECBM-based Storage

    Guoping Hu, Kai Jiang, Rui Wang and Gang Kevin Li

    Chapter 8:

    Meeting the Green Challenges and Opportunities of Hong Kong Manufacturers in China’s Belt and Road Pathway: Experiences from the Pearl River Delta

    Ning Liu, Carlos W.H. Lo, and Pansy H.Y. Li

    Section 4. Green Development and Public-Private Partnership

    Chapter 9:

    Greening China’s Belt and Road: A Role for Chinese NGOs to Go Global?

    Kathinka Fürst

    Chapter 10:

    High Hanging Fruits and the Belt and Road Initiative: sustainability through entrepreneurship

    Gordon Cheung

    Chapter 11:

    An Integrated Approach to Sustainable Infrastructure Standards for the Belt and Road Initiative

    Stephen Wong, Chun San Johnson Kong, Gloria Wenting Luo, Hei Tung Natalie Lau


    Fanny M. Cheung is former Pro-Vice-Chancellor and Choh-Ming Li Professor of Psychology at the Chinese University of Hong Kong. Senior Advisor of Hong Kong Institute of Asia-Pacific Studies and Co-Convenor of the Global China Research Programme at the Chinese University of Hong Kong.

    Ying-yi Hong is the Choh-Ming Li Professor of Management at the Faculty of Business, Associate Director of Hong Kong Institute of Asia-Pacific Studies and Co- Convenor of the Global China Research Programme at the Chinese University of Hong Kong.

    “This volume, which is the result of pioneering research in this area, aims to analyse and evaluate the evolution of sustainable development under the BRI. It not only brings sustainability to the forefront of BRI discussions but also touches on governance, finance, technology, and international relations.”

    Peihua Fan in Asia Pacific Business Review, DOI: 10.1080/13602381.2024.2326729