When it comes to energy and the impact on the environment China is very rarely out of the headlines, and the recent events involving Egypt are definitely cause for concern.
EcoCrops International takes enormous pride in the sustainability of our green energy investments, which why we find the latest news of Egypt’s plan to build the worlds largest coal-fired power plant one to keep a close eye on.
China had promised through the South-South climate cooperation to make clean energy projects their number one priority, but this looks far from the truth with coal and hydro power projects underway that pose a serious risk to the environment.
With backing from Chinese banks and contractors Egypt is underway constructing the world’s largest Solar farm.
China is now Africa’s third largest investor, with $60 billion dollars being poured into the country in 2015 alone.
What is worrying for Eco Crops International and will be for any person that takes looking after environment seriously, is that a much of the loans provided by the Export-Import Bank of China, and the China Development Bank, went primarily to hydropower, oil and coal between 2000 and 2016.
In 2009 China proposed an initiative to build 100 clean energy projects which would help of course, but leaves many experts saying that China could be doing more.
Makoma Lekalakala, director of the non-governmental organisation Earthlife Africa in Johannesburg, said “We hope that at this year’s FOCAC there will be a greater focus on Chinese investment in clean energy in Africa.”
EcoCrops international can offer investors an asset backed, fixed income, fully insured green energy investment yielding double-digit returns.
For more information on our European forestry investment visit www.ecocropsinternational.com or call on 0034 932 201 207
Company Name: EcoCrops International
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