The Asian Infrastructure Investment Bank (AIIB), headquartered in Beijing, held its second annual meeting on the Korean island of Jeju last week. Korea is currently positioning Jeju as a zero-carbon tourist destination so the choice of location must have seemed appropriate for a bank that is looking to promote a “clean” image. But the real test will be how the bank acts on its Energy Sector Strategy, which was revealed at the meeting.
Energy projects require large investments, operate for decades, and can have significant and long-lasting impacts on regional carbon emissions. This means that decisions over which energy projects get funded have important implications for the bank’s environmental performance and that of host countries. Read More…
Credit By : Eco Business
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