
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.