Revising the 'host country standard' principle: A step for China to align its overseas investment with the Paris Agreement

Voituriez Tancrède, Yao Wang, Larsen Mathias Lund. 2019. Revising the 'host country standard' principle: A step for China to align its overseas investment with the Paris Agreement. Climate Policy, 19 (10) : 1205-1210.

https://doi.org/10.1080/14693062.2019.1650702

Article de revue ; Article de recherche ; Article de revue à facteur d'impact

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Quartile : Q1, Sujet : PUBLIC ADMINISTRATION / Quartile : Q1, Sujet : ENVIRONMENTAL STUDIES

Liste HCERES des revues (en SHS) : oui

Thème(s) HCERES des revues (en SHS) : Economie-gestion

Résumé : China's overseas investment flows (US$ 183 billion) and stock (US$ 4.7 trillion) reached a record peak in 2016, second only to those of the US. A major cause for concern lies in the environmental sustainability of China's overseas investment portfolio, which is compounded by the lack of transparency of China's main development finance arms. We intend in this paper to give an update on the magnitude of green finance in China's overseas investment and development finance portfolio on the basis of the best available estimates, and to put these figures into a broader perspective of multilateral development banks' commitments and practices to combat climate change. We derive practical policy recommendations that Chinese development banks could take to further align China's overseas investment with the 2°C target of the Paris Agreement, with the first step being to revise the 'host country standard' principle, to ensure that Chinese development banks use the most stringent of the two environmental standards, abroad or at home.

Mots-clés Agrovoc : investissement étranger, protection de l'environnement, accord international, changement climatique

Mots-clés géographiques Agrovoc : Chine

Mots-clés complémentaires : finance verte

Mots-clés libres : China, Overseas investment, Green finance, Environment protection

Classification Agris : E13 - Investissements, financement et crédit
P01 - Conservation de la nature et ressources foncières
P40 - Météorologie et climatologie

Champ stratégique Cirad : CTS 6 (2019-) - Changement climatique

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