More than a decade has passed since the launch of China’s Belt and Road Initiative (BRI), a visionary project to enhance infrastructure, trade, and investment along the routes of the ancient Silk Road. As the BRI evolves, participating countries are increasingly focusing on resilience, competitiveness, and sustainable development.
The shift towards a green transition is becoming a central theme among BRI countries. Cities, as hubs of economic activity and innovation, are at the forefront of this movement. They are exploring ways to adopt sustainable practices and technologies to reduce environmental impact while promoting economic growth.
However, balancing green initiatives with fiscal sustainability presents significant challenges. Implementing eco-friendly technologies and infrastructure requires substantial investment, which can strain city budgets already facing various demands.
Despite these hurdles, there is growing optimism about reaching a consensus on green transition strategies that align with fiscal realities. Collaborative efforts among BRI countries are emphasizing knowledge sharing, technological exchange, and developing financial models that support sustainable projects without overburdening local economies.
The future of Belt and Road cities lies in innovative solutions and international cooperation. By embracing green transitions while maintaining fiscal sustainability, these cities have the potential to become models of sustainable urban development, contributing positively to global environmental goals and enhancing the quality of life for their residents.
Reference(s):
cgtn.com
