The Belt and Road Initiative (BRI) is celebrating its 10th anniversary, marking a decade of ambitious projects aimed at fostering global connectivity and development. Amidst various criticisms, including concerns over debt and local job creation, the BRI is making significant strides in promoting sustainable development through its 'small and beautiful' projects.
Angela Churie Kallhauge, Executive Vice-President for Impact at the Environmental Defense Fund (EDF), emphasizes the initiative's potential to address climate change. \"By 2050, the BRI partners could account for up to 76 percent of global carbon emissions. Collaborating within this framework allows us to drive high-impact solutions swiftly,\" Kallhauge explains.
Recent white papers highlight China's commitment to environmental cooperation, with agreements reached with over 30 countries and the formation of the Belt and Road International Green Development Coalition, encompassing more than 150 partners from over 40 countries. This widespread engagement underscores the universal threat of climate change and the importance of integrating green practices into the BRI.
Kallhauge points out that greening the BRI is crucial for its long-term sustainability and success. \"Investing in green energy and public facilities shifts the initiative from a traditional pollute-first approach to a sustainable pathway, which is essential in our fight against climate change,\" she states.
One of the most promising aspects of the BRI is its shift towards smaller, community-based projects. These 'small and beautiful' initiatives are designed to meet local needs with high environmental standards, lower financial risks, and greater economic returns. Kallhauge believes that this people-centered approach fosters community engagement and ensures lasting resilience and sustainable development.
As the BRI continues to evolve, the focus on green technology and private sector finance, such as carbon markets, will play a pivotal role in driving sustainable investments. The enthusiasm and optimism observed at recent forums, like the third Belt and Road Forum for International Cooperation in Beijing, reflect the collective commitment to a greener future.
With ongoing efforts to integrate sustainable practices, the BRI is poised to make a meaningful impact on global climate goals, demonstrating that large-scale initiatives can indeed align with environmental stewardship.
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BRI's 'small and beautiful' projects ensure sustainable development
cgtn.com
