Low-carbon financial risk factor correlation in the belt and road PPP project

A public-private partnership (PPP) project is a complex system with several stakeholders. The Green Belt and Road Initiative PPP project, in particular, entails multinational cooperation; therefore, the risks associated with this project are more complex and varied. Based on the grounded theory, this study identified 10 core low-carbon financial risk factors that could potentially derail the project. The Interpretive Structural Modeling methods were used to establish a hierarchical structure of the risks involved. The results show a strong correlation among the risk factors. The risk databases of the BRI need to be established, in order to ensure efficient green investments.