As global environmental challenges mount, China and the European Union (EU) are enhancing their collaboration toward sustainable development. This partnership highlights their unified goal of sustainable growth and commitment to climate action, eyeing ambitious carbon neutrality targets of 2060 for China and 2050 for the EU.
The China-EU initiatives encompass clean energy, green technology, and sustainable infrastructure, fostering opportunities for industrial synergy and policy advancements. Analysts believe that this collaboration between significant global economies could significantly hasten the transition to green energy and boost international climate governance.
Investment within the green sector is on the rise, with companies from both regions actively engaging in projects that span the entire value chain. Noteworthy investments include a €2 billion plant by China Aviation Lithium Battery (CALB) in Portugal and multiple gigafactories launched by CATL across Europe to strengthen the electric vehicle sector.
In Croatia, a Chinese consortium is working on the largest solar power facility expected to cut annual carbon emissions by 150,000 tons, while European firms such as Siemens and Danfoss are expanding their green operational footprint in China.
Moreover, policy dialogues between the two parties have concentrated on innovation and cooperative frameworks in green technology and industrial partnerships, fostering a roadmap for circular economy initiatives launched in 2024. Both sides underline the importance of bolstering collaboration to tackle pressing global issues, with a positive outlook on the multilateral cooperative potential.
Source: news.cgtn.com
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