Yang, Z;
Wang, Z;
Zheng, H;
Tian, K;
Song, J;
Ma, S;
Fan, J;
... Zhang, B; + view all
(2025)
Environmental-social-economic synergy of China's investment on BRI countries.
Resources, Conservation and Recycling
, 214
, Article 108039. 10.1016/j.resconrec.2024.108039.
(In press).
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Text
Zheng_Environmental-social-economic Synergy of China's investment on BRI countries in 2019.pdf Access restricted to UCL open access staff until 30 November 2025. Download (1MB) |
Abstract
China's substantial capital investments in the Belt and Road Initiative (BRI) countries spur significant economic growth but also lead to environmental pressures. Capital assets, vital as production intermediates, are treated as consumer goods in traditional accounting, overlooking their productive attributes. To bridge the gap, this study uses the flow matrix method to endogenize Chinese investment capital into a global input-output model. We found that China's investments in 120 BRI countries resulted in a 55 Mt carbon footprint, 2.8 % of these nations' global investment carbon footprint, while generating $78.16 billion in economic benefits and supporting 7.2 million jobs. Moreover, these investments significantly boosted local employment, with Chinese investment labor intensity (labor per emission unit) exceeding the global average. If China applied its domestic technical standards to overseas investments, the investment carbon footprint in these countries could drop by 15.4 % to 47.1 Mt, and value-added and labor intensity could increase by 16.7 %.
Type: | Article |
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Title: | Environmental-social-economic synergy of China's investment on BRI countries |
DOI: | 10.1016/j.resconrec.2024.108039 |
Publisher version: | https://doi.org/10.1016/j.resconrec.2024.108039 |
Language: | English |
Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment |
URI: | https://discovery.ucl.ac.uk/id/eprint/10201410 |
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