China makes most of the world’s solar panels. But its state policy banks seem reluctant to finance overseas solar projects. Why?
Workers install rooftop solar panels in Shanghai, China. Credit: Jiri Rezac, The Climate Group, Creative Commons
China manufactures most of the world’s solar panels, and its state policy banks are among the largest financiers of energy projects in the world, particularly along the Belt and Road, Beijing’s global infrastructure project. But new data that tracks lending for overseas energy projects from China’s two leading policy banks, the China Development Bank (CDB) and Export–Import Bank of China (China Exim Bank), shows that just a tiny proportion is directed towards solar energy, which analysts
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