Managed transition vehicle: Financing mechanism for early phase-down of Chinese-sponsored coal plants: Pilot application in the China-Pakistan economic corridor

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Nedopil, Christoph
Ang, Lawrence
Hyder, Mustafa
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2024-04-05
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Abstract

China has supported economic, social, and green development through the Belt and Road Initiative (BRI). After 10 successful years since the BRI’s initiation, a new and even greener era of the BRI can be achieved. A key opportunity will be to accelerate the green energy transformation.

A particular challenge to utilise that opportunity lies in simultaneously reducing emissions of existing coal-fired power plants (CFPPs) and expanding alternative green energy sources. New pathways and ambitions have emerged to achieve the dual goals, particularly in Pakistan as one of the key BRI countries through the China-Pakistan Economic Corridor (CPEC).

The brief addresses the global trend of financing for coal phase-down in emerging economies, Pakistan’s domestic readiness, opportunities for China to support low-carbon energy transition in Pakistan through two financing mechanisms (i.e., refinancing and managed transition vehicle), and steps to be considered for China to implement and scale an accelerated energy decarbonisation in the BRI in a manner that achieves win-win situations by mitigating future financial risk for China and enhancing joint value creation and political cooperation gain across the region. [...]

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© 2024 Griffith Asia Insitute, Griffith University, Green Finance & Development Center, FISF, Climate Smart Ventures and Pakistan China Institute. All rights reserved.

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Nedopil, C, Ang, L and Hyder, M, Managed transition vehicle: Financing mechanism for early phase-down of Chinese-sponsored coal plants: Pilot application in the China-Pakistan Economic Corridor, Griffith Asia Institute, Queensland, Australia, DOI: 10.25904/1912/5218

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