China has the 2nd largest economy in the world, and Chinese people brag that centrally-planned economy is stronger than any other economy in the world. China is implementing its “Belt and Road Initiative” in countries throughout Asia by lending them money to build infrastructure and sending Chinese workers to provide the labor. China is spending its enormous wealth by setting debt traps in all these countries with huge debts that they won’t be able to repay.
China is also growing into the worst climate change violator in the world, building a new coal plant every week.
And yet, when it comes to climate change, they claim to be a “developing country” so they will not have to provide funding under the Paris accord.
So China is failing in climate change finance. What we are seeing at the climate change conference in Bonn this last week is that they’re also failing in climate change transparency.