05 Jul EU and China agree to boost energy cooperation to 2020
The EU and China have signed an agreement to strengthen their energy cooperation up to 2020.
The EU-China Energy Roadmap is a commitment from both parties to tackle common energy and climate challenges including the security of energy supply, energy infrastructure and market transparency.
The deal, signed at the G20 energy ministerial meeting in Beijing, was agreed by the European Commissioner for Climate Action and Energy Miguel Arias Cañete and Nur Bekri, director of the Chinese National Energy Administration.
As both the EU and China transition to a low-carbon economy, the agreement will provide a platform for sharing best practices for energy regulation, demand and supply analysis, energy crisis, nuclear safety as well as grid design and the integration of renewable energy in electricity grids.
China were ranked first in terms of total renewable energy generation for 2015 and the roadmap will look to foster trade and investment in renewables with the knock-on effects of boosting competition and lowering costs.
Finally, through the agreement, the EU will support China’s increased involvement in international energy institutions and boost joint research and development technologies.