BRI drives transformation toward sustainability, benefits economic recovery: French expert
2020-09-22 13:58:46 Belt and Road Portal
The BRI is more than an instrument of connectivity and trade exchanges, but also a driver of the transformation of societies and economies in nations and regions along the route.
The Belt and Road Initiative (BRI), which was proposed by China in 2013, is more than an instrument of connectivity and trade exchanges, but also a driver of the transformation of societies and economies in countries and regions along the route, said an expert with a French research institute.
Over the past seven years, the BRI has developed a series of commitments and principles related to the greening of the BRI, which is “important for crucial sustainability issues in our current times,” Sébastien Treyer, the executive director of the Institute for Sustainable Development and International Relations, told the Belt and Road Portal in a recent interview.
The 2019 Belt and Road Forum was a “milestone” in terms of the formulation of the principles of greening the BRI, Treyer said.
During the forum, a series of cooperative documents was signed on joint efforts in green development, highlighting the BRI’s specific focus on sustainability, according to a report released by the Xinhua News Agency.
Academic reports published by institutions such as the Tsinghua Center for Finance and Development and the China Council for International Cooperation on Environment and Development are “extremely positive signals” for developing policies and building capacity to promote the timely and precise implementation of the BRI greening principles, Treyer noted.
It is expected that more efforts will be made to conduct objective assessments of the implementation and monitoring of the BRI greening principles and evaluation of their successes, failures and limitations, he said, noting that this is to ensure “the cooperation between countries on these principles becomes a real learning process.”
The COVID-19 crisis showed that the resilience of the global economy relies not only on efficient connectivity, but also on diversified sourcing strategies to avoid depending on one supplier, Treyer said.
This is where “BRI projects could be an extremely useful case to be studied and discussed”, especially during the post pandemic period when countries will be driven to work together toward recovery, according to Treyer.