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A coal plant in China. The AIIB investment bank has not excluded the possibility of financing nuclear power and coal projects (Photo: AdamCohn)

Time to gear up European climate diplomacy in Beijing

June saw the first annual meeting of the Asian Infrastructure Investment Bank (AIIB) in Beijing.

Set up with $100 billion in funding at the end of 2015, under the leadership of the Chinese government and the sanctioning of President Xi Jinping, in order to finance transport, energy and industrial routes development between Asia and Europe, under the pharaonic ‘One Belt, One Road’ initiative.

Several European governments joined after China announced its decision to set up the AII...

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A coal plant in China. The AIIB investment bank has not excluded the possibility of financing nuclear power and coal projects (Photo: AdamCohn)

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