Modernization Through Globalization

Why China Finances Foreign Energy Projects Worldwide

Nonfiction, Social & Cultural Studies, Political Science, Government, Public Policy, Social Science
Cover of the book Modernization Through Globalization by Bo Kong, Springer Singapore
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Author: Bo Kong ISBN: 9789811360169
Publisher: Springer Singapore Publication: January 4, 2019
Imprint: Palgrave Pivot Language: English
Author: Bo Kong
ISBN: 9789811360169
Publisher: Springer Singapore
Publication: January 4, 2019
Imprint: Palgrave Pivot
Language: English

This pivot considers how China deals with the globalization of its energy companies in the face of global efforts to combat climate change. It examines how China, following its emergence as the world’s largest energy consumer and its resultant growing dependence on foreign energy, engages the world on energy, and its implications for global governance of energy. It notably focuses on the policy impact of China’s global engagement for the accelerated “going out” strategy and the so-called “one belt one road” (OBOR) initiative, and profound climate implications for the rest of the world, contending that the type of energy services, technologies, and infrastructure China finances around the globe today will determine the global community’s carbon footprint in the foreseeable future. 

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This pivot considers how China deals with the globalization of its energy companies in the face of global efforts to combat climate change. It examines how China, following its emergence as the world’s largest energy consumer and its resultant growing dependence on foreign energy, engages the world on energy, and its implications for global governance of energy. It notably focuses on the policy impact of China’s global engagement for the accelerated “going out” strategy and the so-called “one belt one road” (OBOR) initiative, and profound climate implications for the rest of the world, contending that the type of energy services, technologies, and infrastructure China finances around the globe today will determine the global community’s carbon footprint in the foreseeable future. 

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