Belt and Road Initiative Promote Green Development of Countries and Regions along Belt & Road

Authors

Yan XIA, Institutes of Science and Development, Chinese Academy of Sciences, Beijing 100190, China
Qingyan JIANG, Center for Forecasting Science, Chinese Academy of Sciences, Beijing 100190, China Academy of Mathematics and Systems Science, Chinese Academy of Sciences, Beijing 100190, China School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100049, China
Cuihong YANG, Center for Forecasting Science, Chinese Academy of Sciences, Beijing 100190, China Academy of Mathematics and Systems Science, Chinese Academy of Sciences, Beijing 100190, China 1 Institutes of Science and Development, Chinese Academy of Sciences, Beijing 100190, China
Shouyang WANG, Center for Forecasting Science, Chinese Academy of Sciences, Beijing 100190, China Academy of Mathematics and Systems Science, Chinese Academy of Sciences, Beijing 100190, China School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100049, China

Keywords

carbon neutral; Belt and Road Initiative; outward direct investment; climate finance

Document Type

Strategy & Policy Decision Research

Abstract

With the impact of COVID-19, the global market has greatly enhanced the recognition of sustainable development. Economies along the Belt and Road Initiative (herein after referred as Belt & Road countries and regions) are facing severe challenges of common ecological environment and climate change. Based on the two-way fixed effect panel model and interregional input-output model, this study puts forward a measurement model of the impact of China's outward direct investment on carbon emissions of Belt & Road countries and regions. The results show that China has played a positive role in the green development of Belt & Road countries and regions, leading the green investment of Belt & Road countries and regions. Based on the results and the current situation of China's outward direct investment, four policy suggestions are proposed, namely, carrying out low-carbon technology transformation in crucial industries, establishing a coherent green development policy, developing multilateral green cooperation, and concentrating on the development of climate finance.

First page

724

Last Page

732

Language

Chinese

Publisher

Bulletin of Chinese Academy of Sciences

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Recommended Citation

XIA, Yan; JIANG, Qingyan; YANG, Cuihong; and WANG, Shouyang (2021) "Belt and Road Initiative Promote Green Development of Countries and Regions along Belt & Road," Bulletin of Chinese Academy of Sciences (Chinese Version): Vol. 36 : Iss. 6 , Article 16.
DOI: https://doi.org/10.16418/j.issn.1000-3045.20210310001
Available at: https://bulletinofcas.researchcommons.org/journal/vol36/iss6/16