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Monday, November 23, 2020

A green cooperation for post pandemic recovery between China and the European Union

Environment, Economy - Finances,-,


Earlier this year, China announced a goal to reach carbon neutrality before 2060 – a pledge welcomed by European leaders as part of the international climate drive.

Three-way climate diplomacy

Climate talks between the two had been part of a wider bilateral trade and investment agenda that Brussels hopes will help restore a level playing field between EU companies and state-owned Chinese firms that are not subject to the same CO2 emission obligations.

In spite of the economic crisis posed by the COVID-19 pandemic, the EU and China had sent “a clear political signal” in July that they are still committed to the Paris Agreement on climate change.

After the past EU-China summit in September, EU officials said Europe did not have any “red lines” on environmental issues at this stage and was ready to assist China in reducing its emissions.

Source :  Euractiv


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