The Belt and Road Initiative will greatly influence the future of global trade. However, it may also promote permanent environmental degradation.
“China has enormous ambitions,” said Distinguished Professor William Laurance from James Cook University in Australia. “But with that comes enormous responsibilities.”
China in red, Members of the AIIB in orange, the six corridors in black
According to the WWF, the initiative could impact over 1,700 critical biodiversity areas and hundreds of threatened species.
“China claims its Belt and Road will be a blueprint for responsible development, but that’s going to require it to fundamentally change the way it does business internationally,” said Professor Laurance.
“Too many Chinese firms and financiers operating overseas are poorly controlled by their government–in large part because they are so profitable,” he said.
“In the last two decades, I’ve seen countless examples of aggressive and even predatory exploitation by Chinese firms, especially in developing nations with weak environmental controls.”
The authors say China has a unique opportunity to change its model of development and become a world-leader in sustainability.
“China is doing a much better job of improving environmental safeguards inside China than internationally,” said Professor Laurance.
“It’s produced a mountain of green documents and promises about the Belt and Road, but a leopard doesn’t just change its spots overnight.”
“China has a unique opportunity, but if it’s ‘business as usual’ then I think the costs for the environment and economic risks for investors could be flat-out scary.”
The team includes researchers from Australia, China, Germany, Portugal, Canada, and the U.S.
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