China Hits Reset on Belt and Road Initiative
Green energy is the new focus of China’s one-of-a-kind Belt and Road Initiative or BRI, that aims to build a series of infrastructure projects from Asia to Europe. The eco-friendlier version of BRI has caught the attention of some 70 other countries that are getting new infrastructure from the Asian economic powerhouse in exchange for expanding trade. The reset on China’s eight-year-old, $1.2 trillion effort comes after leaving a nagging layer of smog in parts of Eurasia, where those projects operate. Now the county that’s already mindful of pollution at home is preparing a new BRI that will focus on greener projects, instead of pollution-generating coal-fired plants. It would still further China’s goal of widening trade routes in Eurasia through the initiative’s new ports, railways and power plants. The Second Belt and Road announced in China on October 18, coincides with the 2021 United Nations Climate Change Conference, or COP26,…