Tag Archives: Costa Rica

Latin American climate policy weakened by Chinese business deals

By Guy Edwards and J. Timmons Roberts

China Brazil

Recently, China is behind a new wave of trade and commercial ties across Latin American which focuses almost exclusively on natural resources including fossil fuels, mining and agricultural commodities.

China’s rapidly increasing investment, trade and loans in Latin America may be entrenching a heavily polluting economic model which is out of step with the required action to achieve cleaner and more sustainable economies.

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A High-Carbon Partnership? Chinese-Latin American Relations in a Carbon-Constrained World

By Guy Edwards and J. Timmons Roberts 

CDL recoperefineria_g

The Chinese financed project would replace Costa Rica’s old national oil refinery.

China’s rapidly increasing investment, trade and loans in Latin America may be entrenching high-carbon development pathways in the region, a trend scarcely mentioned in policy circles. High-carbon activities include the extraction of fossil fuels and other natural resources, expansion of large-scale agriculture and the energy-intensive stages of processing natural resources into intermediate goods.

This paper addresses three examples, including Chinese investments in Venezuela’s oil sector and a Costa Rican oil refinery, and Chinese investment in and purchases of Brazilian soybeans.

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