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Format
Summary
Date
6 July 2020

EU-China dialogue on green stimulus packages

Summary of a high-level discussion on 23 June 2020

Preface

Against the backdrop of the global recession precipitated by the COVID-19 pandemic, and in preparation of the upcoming EU-China Summit and the postponed UN Climate Change Conference (COP26), Agora Energiewende and the Energy Foundation China (EFC) co-hosted a high-level closed-door meeting to discuss green stimulus programmes from European and Chinese perspectives. The key results of this event are summarised in this policy paper, which emphasises the importance of low-carbon development and climate neutrality principles in guiding decision-making, as the effects of today’s stimulus measures will have long-lasting global impacts. Comparing the policy efforts of the EU and China, the paper identifies five common priorities: the transition from coal to clean energy, green financing, a fair and just transition to clean energy, decarbonizing “hard-to-abate” sectors, and interest driven EU-China collaboration on climate issues.

For all governments, the most immediate and pressing policy priority in 2020 is to determine an appropriate economic recovery package. In order to ensure Paris-compatible economic stimulus, common areas of direct action were identified.

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Bibliographical data

Authors
Run Zhang-Class, Kevin Tu, Zhou Yang
Publication number
183/01-ES-2020/EN
Version number
1.1
Publication date

6 July 2020

Project
This publication was produced within the framework of the project Recovering Better! - Climate-safeguards for the proposed EU’s 1.85 trillion Euro budget.

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