China is rapidly evolving into one of the world’s largest overseas investors and is now increasingly investing in the renewable energy sector. China has also enhanced its development cooperation stance through its ever more ambitious south-south cooperation agendas.
As an emerging key international donor, China is at a crossroads and actively shaping its new role in the global development landscape. Could China become a new climate responsible donor? This policy brief draws the linkage between the development cooperation agenda of China and its impact on the global green transformation towards a safe climate future. It outlines several institutional developments of special attention, namely the Chinese and China-led multilateral development banks as well as its new development cooperation agency. Based on these, avenues towards greener Chinese investments abroad are presented.