TY - JOUR
T1 - Asian Infrastructure Investment Bank (AIIB)'s sustainable safeguard mechanism on energy projects
AU - Shao, Mengqi
AU - Tan-Mullins, May
AU - Xie, Linjun
N1 - Publisher Copyright:
© 2021 The Authors
PY - 2021/11
Y1 - 2021/11
N2 - Asian Infrastructure Investment Bank (AIIB) was officially established by China in 2016 with one of the aims to develop energy infrastructure based on green and sustainable principles in Asia. To achieve that, AIIB has set forth safeguard policies, including the Environmental and Social Framework (ESF) applied for funded projects and the AIIB Energy Sector Strategy, to guide its energy investments. However, the effects of the safeguard policies and further safeguard operations on the energy projects remain unknown. This study reviews AIIB's safeguard mechanism on energy projects, including the safeguard policies, assessment and management plans, and implementations of AIIB's energy projects. We find that AIIB's current safeguard mechanism on energy projects, in comparison with other established multilateral development banks (MDBs), is still at its beginning stage, which does not match its goal and promise on sustainable energy development in Asia.
AB - Asian Infrastructure Investment Bank (AIIB) was officially established by China in 2016 with one of the aims to develop energy infrastructure based on green and sustainable principles in Asia. To achieve that, AIIB has set forth safeguard policies, including the Environmental and Social Framework (ESF) applied for funded projects and the AIIB Energy Sector Strategy, to guide its energy investments. However, the effects of the safeguard policies and further safeguard operations on the energy projects remain unknown. This study reviews AIIB's safeguard mechanism on energy projects, including the safeguard policies, assessment and management plans, and implementations of AIIB's energy projects. We find that AIIB's current safeguard mechanism on energy projects, in comparison with other established multilateral development banks (MDBs), is still at its beginning stage, which does not match its goal and promise on sustainable energy development in Asia.
KW - Asian infrastructure development bank (AIIB)
KW - Energy infrastructure
KW - Safeguard mechanism
UR - http://www.scopus.com/inward/record.url?scp=85115614629&partnerID=8YFLogxK
U2 - 10.1016/j.esr.2021.100711
DO - 10.1016/j.esr.2021.100711
M3 - Review article
AN - SCOPUS:85115614629
SN - 2211-467X
VL - 38
JO - Energy Strategy Reviews
JF - Energy Strategy Reviews
M1 - 100711
ER -
