China and Global Financial Governance of the Environment in the 21st Century
Analysis of their characteristics and narratives and the cases of the China Development Bank and the Asian Infrastructure Investment Bank
Abstract
The ongoing crises of multiple global systems interact in ways that threaten humanity's prospects. The climate crisis and the financial crisis, two emerging issues on the international agenda of the last wave of globalisation in the 20th century, have spread and intensified to the present day. In this context, China is, in the 21st century, a relevant actor for the financial governance of the environment because of its material dimensions of economic-financial-technological power, because it is one of the largest emitters of GHGs, and because of its progress in the construction of global strategic narratives of its current government administration. This essay proposes to analyse China and the global financial governance of the environment, taking into account its characteristics, narratives and two institutions: the China Development Bank (CDB) and the Asian Infrastructure Investment Bank (AIIB).
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