Cuba Signs BRI Construction Cooperation Plan with China

Cuba Signs BRI Construction Cooperation Plan with China

BY  
Seneca ESG  
- December 29, 2021

China and Cuba have signed a cooperation agreement to push forward construction projects in Cuba under China’s Belt and Road Initiative (BRI), as reported by Global Times on December 26. The collaboration came after Cuba joined the Belt and Road Energy Partnership (BREP), an alliance aiming to enhance connectivity in infrastructure and clean energy investments, in October. The BREP was officially launched in April 2019 and currently holds 29 member countries, including four Latin American countries: Cuba, Venezuela, Suriname, and Bolivia.

China’s renewable energy infrastructure construction in Cuba could reduce the latter’s reliance on power imports, which contribute 53% of Cuba’s current electricity generation. As of now, over 95% of the power consumption of Cuba is generated from fossil fuels, mostly from eight thermal power plants that have operated for over 30 years. Cuba aims to raise the proportion of renewable energy in its energy mix from less than 5% at present to 24% in 2030. As a result, Cuba joined BREP as it seeks investments and international cooperation for its renewable energy transition. According to the Cuban ambassador in Beijing, Carlos Miguel Pereira, Cuba welcomes companies and institutions in China and other allied members in the BREP to help it develop green energy and get access to energy services.

Sources:

https://www.globaltimes.cn/page/202112/1243371.shtml

http://global.chinadaily.com.cn/a/202112/28/WS61ca4cdba310cdd39bc7dbff.html

https://mronline.org/2021/10/23/cuba-now-part-of-chinas-belt-and-road-energy-alliance/

https://dialogochino.net/en/climate-energy/belt-and-road-cuba-energy-woes/

今すぐSeneca ESGツールキットを使い始めましょう

ポートフォリオのESGパフォーマンスを監視し、独自のESGフレームワークを作成、より良い意思決定をサポートします。

Toolkit

Seneca ESG

ご興味がありますか?今すぐご連絡を

ご連絡の際は右のフォームをご記入いただくか、下記メールアドレスまで直接ご連絡ください。

sales@senecaesg.com

シンガポールオフィス

7 Straits View, Marina One East Tower, #05-01, Singapore 018936

+(65) 6223 8888

バルセロナオフィス

Carrer de la Tapineria, 10

Ciutat Vella, 08002, Barcelona, Spain

+34 612 22 79 06

台北オフィス

77 Dunhua South Road, 7F Section 2, Da'an District Taipei City, Taiwan 106414

(+886) 02 2706 2108

リマオフィス

Av. Santo Toribio 143,

San Isidro, Lima, Peru, 15073

(+51) 951 722 377