EU-Backed Green Bonds Risk Financing Chinese Clean Tech

EU-backed green bonds risk financing Chinese clean tech

The EU has launched a €15-20bn green investment fund to boost sustainable projects, but a good share of the money is set to go towards buying Chinese clean technologies – including the same high-risk power inverters Brussels is trying to phase out.

EU warns green bond initiative could benefit Chinese companies unfairly

The Global Green Bond Initiative aims to mobilise €15 to €20 billion for sustainable projects, but EU officials warn such investments may inadvertently benefit Chinese companies. This undermines efforts to reduce reliance on Beijing amid rising cybersecurity concerns linked to risky technology in energy supply chains.