15th July 2014, Fortaleza Brazil, the BRICS leaders have agreed to set up a new development bank (NDB). It not only gives the emerging countries a forum to express their views on development, but also provides a necessary supplement to the current global financial system. The NDB will mainly support the infrastructure projects in emerging economies and developing countries. The world will closely follow the development of the NDB, to see how it is structured, and improve its management and multi-lateral participation and how it will promote sustainable development and climate-friendly investment. The creation of the NDB also provides opportunities for the BRICS countries to engage in global governance.

China’s impact on global investment and trade becomes ever more important as its economy continues to grow. As a major contributor of overseas investment, China has the responsibility to reflect upon its development model; to reduce its global footprint; and to actively participate and promote transformation towards a greener economy. The process of “Going Out” should also be the process of “Bringing In”. As a local Chinese NGO, Greenovation Hub is focusing on environment and development with international outlook. We will deliver this periodic “Observation” on China’s oversea investment and its global ecological impact to promote awareness and understanding.

International coal exporters have again been warned that betting on China’s “insatiable demand” could leave them with stranded assets and wasted capital, with a new report predicting that slowing thermal coal demand in China will see half its import appetite disappear by the end of the decade.

As negotiators and ministers in Bonn, Germany gather for the latest round of UN climate talks, positive announcements from the world’s largest emitters are sparking optimism about what could be a new era for climate diplomacy.

能源行业的”大气十条“明确了清洁能源的中期目标。同时，发改委也发布了首批80个鼓励民间资本参与此前被国企垄断的项目，其中36项涉及清洁能源。

极端天气的频发引发市场对气候变化的金融和经济影响的关注。标准普尔就气候变化对128个主权国家的信用评级影响进行评估，认为将对经济增长和公共财政等方面造成不利影响。