scholarly journals Integrating Sustainable Development Goals into the Belt and Road Initiative: Would It Be a New Model for Green and Sustainable Investment?

2019 ◽  
Vol 11 (24) ◽  
pp. 6991 ◽  
Author(s):  
Wei Yin

Given the challenges presented by climate change and related environmental pressure, a sustainable, investment-led development model, i.e., aligning investment with social and sustainability objectives, is needed to ensure long-term prosperity and generate sustainable growth. The UN’s Sustainable Development Goals (SDGs) was released to guide nations towards green and sustainable development and address governance deficits. The Belt and Road Initiative (BRI) launched by China, a development strategy involving investment in infrastructure development, intends to enhance regional connectivity, integration, and stimulate economic growth. These two agendas share the notion of ‘sustainable development’ and are growing increasingly relevant. Although various studies have analysed the sustainability of the BRI, the implementation of SDGs and the similarities and complementarities between the two initiatives, few of them touched on the possibility of the BRI to be a green and sustainable investment-led model by aligning the SDGs. This paper, thus, aims to contribute to the ongoing debate on sustainable development and infrastructure investment by exploring the possibilities and challenges of the BRI to be a sustainable, investment-led development model. By comparing these two agendas and seeking the linkages between them, this article recognises the potential of the BRI to play such a role while there are issues and risks of BRI that hinder the achievement of infrastructure development and sustainable investment. The paper recommends that, to exert the synergies from aligning the BRI and SDGs to seize substantial development benefits, it is necessary to enhance the sustainability of BRI projects, provide effective cooperation and communication with stakeholders, and adapt BRI to the national development policies of each partner country. Joint efforts taken by both state and non-state actors are indispensable.

One Earth ◽  
2020 ◽  
Vol 3 (3) ◽  
pp. 263-267
Author(s):  
Wei Liu ◽  
Alice C. Hughes ◽  
Gulshan Sachdeva ◽  
Divya Narain ◽  
Taidong Zhou ◽  
...  

2019 ◽  
Vol 07 (01) ◽  
pp. 1940005
Author(s):  
Lei ZHU ◽  
Ying CHEN

The Belt and Road Initiative (BRI) has been put into practice for nearly six years since it was put forward in 2013. While the achievements have attracted the world’s attention, it is also necessary to think over the way of building the “Road and Belt” with a higher quality. The 2030 Agenda for Sustainable Development (hereinafter referred to as the “2030 Agenda”) is the latest result of the United Nations’ sustainable development cause and the world’s consensus, with its authority being widely recognized. There are many similarities between BRI and the 2030 Agenda. Dovetailing them can help dispelling the international community’s worries, and promoting the international position and moral advantage of participating countries and friendly groups, and help introducing BRI to the rest of the world. The important theoretical and policy issues of dovetailing BRI with the 2030 Agenda involve three aspects, i.e. connotations, objectives and pathways. The core of the dovetail lies at the understanding of the dialectical relationship between actions and goals, and between the current and the future. Its purpose is to build a common discourse system with other countries, increase the supply of quality public goods, promote the global sustainable development process and facilitate the implementation of the sustainable development goals in the developing countries along the Belt and Road. The pathway is to dovetail the ideas, fields and mechanisms of BRI with those of the 2030 Agenda.


2019 ◽  
Vol 11 (8) ◽  
pp. 2297 ◽  
Author(s):  
Yuanbo Li ◽  
Xufeng Zhu

During the initial implementation of the 2030 Agenda for Sustainable Development (the 2030 Agenda), the Second Ministerial Meeting of the Forum of China and the Community of Latin American and Caribbean States (CELAC) was held in Santiago, Chile, in January 2018. During this forum, China officially invited 33 countries in Latin America and the Caribbean (LAC) to join the Belt and Road Initiative (BRI). This study links three important global governance issues: The 2030 Agenda, China-LAC relations and BRI. The authors attempt to analyze how China’s BRI in the LAC region can learn from the 2030 Agenda of the United Nations with 17 sustainable development goals (SDGs). This study shows that although China and the LAC region have strong political, economic and trade relationships, they must deepen dialogues and cooperation on sustainable development, especially the 2030 Agenda with 17 SDGs, which can be inspirations for China’s BRI in this region. BRI, which aligns with the 2030 Agenda and contributes to Chinese experience in development, can generate new opportunities for the LAC region to implement such an agenda. However, the challenges and risks of BRI cannot be ignored, and adequate answers and solutions should be provided to allow BRI to achieve a win–win outcome for China and LAC countries. The authors also examine the alignment of China’s policies towards LAC and BRI with the 2030 Agenda (17 SDGs) and the involvement of each SDG in these policies as the 2030 Agenda (17 SDGs) should be considered in policy-making for China’s BRI in the LAC region. Moreover, on the basis of previous analyses, suggestions for a successful BRI in the LAC region in six sectors are proposed in the context the 2030 Agenda.


2019 ◽  
Vol 07 (01) ◽  
pp. 1940004
Author(s):  
Yanhong LIU

The experience in reform and opening up shows that China’s achievements in industrialization are largely attributed to its industrial openness towards the outside world and the international cooperation. As it enters the second decade of the 21st century, China’s industry has stepped into a new era of leading international development cooperation and promoting inclusive and sustainable growth in global industry, namely a period of developing international capacity cooperation supported by the Belt and Road Initiative (BRI). As vigorously driven by the BRI, the international capacity cooperation has not only pushed forward the creation of new industrial cooperation models among developing countries, but also opened new paths and contributed Chinese approaches to regional and global industrial cooperations under the new situation, in particular for the implementation of the inclusive and sustainable industrial development goal set in the United Nations 2030 Agenda for Sustainable Development. This mainly manifests as: dovetailing the top-level design with planning to build new mechanism-based capacity cooperation models, achieving cross-border infrastructure connectivity to promote trade, investment and industrial cooperation, constructing cooperation zones as an important platform for small and medium-sized enterprises to participate in capacity cooperation, breaking the financial bottleneck of regional development through diversified and open financial cooperation, and leading the leapfrog development of countries along the Belt and Road through technological cooperation and collaborative innovation.


2018 ◽  
Vol 04 (02) ◽  
pp. 301-325 ◽  
Author(s):  
Murad Ali

The year 2015 marked the deadline for finishing the Millennium Development Goals (MDGs) as the United Nations (UN) member states launched the 2030 Agenda for Sustainable Development with its Sustainable Development Goals (SDGs). The UN 2030 Agenda encompassing 17 goals and 169 targets aims at eradicating global poverty, combating inequalities and utilizing natural resources in a sustainable manner so that “no one is left behind.” All stakeholders have committed to proceeding with the incomplete agenda of the MDGs and achieve the SDGs by 2030. Also in 2015, China initiated the China-Pakistan Economic Corridor (CPEC), a collection of projects to develop energy, industry and communication infrastructure costing US$46 billion as a key part of the “Belt and Road Initiative (BRI).” This paper examines different components of the CPEC and explores the extensive convergence between the main goals envisioned under the CPEC and the universally accepted SDGs. It posits that if successfully implemented, the CPEC will contribute to achievement of various SDGs in Pakistan. While it is expected that the CPEC will enable the country to move forward on a number of SDGs, three goals are particularly relevant to the construction of the CPEC. The paper argues that there is immense potential for convergence, commonality, and division of labor for a host of bilateral and multilateral actors to enhance the Global Partnership for Sustainable Development (SDG17), resolve political differences, participate in the CPEC, and contribute to the implementation of the UN 2030 Agenda even beyond Pakistan in the broader South Asian region.


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