- We underline our commitment to the objectives and principles of the UN Framework Convention on Climate Change and the Kyoto Protocol and in this context agree to set up a Partnership on Climate Change. This Partnership will strengthen cooperation and dialogue on climate change including clean energy, and promote sustainable development. Follow-up of the Partnership will be carried out regularly at a suitably high level through a bilateral consultation mechanism, including in the context of the China - EU Summits.
- We will strengthen our dialogue on climate change policies and exchange views on key issues in the climate change negotiations.
- We will co-operate to realise our respective goals of significantly improving the energy intensity of our economies.
- We will strengthen our practical co-operation on the development, deployment and transfer of low carbon technology, to enhance energy efficiency and promote the low carbon economy.
- We agree on the following key areas for technical co-operation:
- Energy efficiency, energy conservation, and new and renewable energy;
- Clean coal;
- Methane recovery and use;
- Carbon capture and storage;
- Hydrogen and fuel cells;
- Power generation and transmission.
- We will take strong measures to encourage low carbon technology development, deployment and dissemination and will work jointly to ensure that the technologies become affordable energy options. We will explore financing issues including the role of the private sector, joint ventures, public private partnerships, and the potential role of carbon finance and export credits. We will co-operate to address barriers to the development, deployment and transfer of technology.
- We will aim to achieve the following co-operation goals by 2020:
- To develop and demonstrate in China and the EU advanced, near-zero emissions coal technology through carbon capture and storage;
- To reduce significantly the cost of key energy technologies and promote their deployment and dissemination.
- We will enhance our existing co-operation and we welcome the following recent initiatives:
- The China-EU Action Plan on Clean Coal to promote collaboration in the development of clean coal technologies in China;
- The China-EU Action Plan on Industrial Co-operation on Energy Efficiency and Renewable Energies.
- We will co-operate to strengthen the implementation of the Clean Development Mechanism (CDM), exchange information on CDM projects and encourage our companies to engage in CDM projects co-operation. We will engage in dialogue on improving and further developing the CDM. We will facilitate the exchange of information and experience on the design and practical implementation of other market-based instruments such as emissions trading and on assessing the costs and benefits of their use.
- We will strengthen co-operation on adaptation to the impacts of climate change through:
- Research and analysis on adverse effects of and vulnerabilities to climate change;
- Research and analysis on assessing the socio-economic impacts and costs of climate change;
- Enhancing the scientific, technical and institutional capacity to predict climate change and its impacts;
- Research and development on technologies and measures to adapt to climate change;
- Raising awareness of integrating vulnerability reduction and adaptation needs into sustainable development strategies and their implementation.
- We will enhance our co-operation in capacity building and strengthening institutions, including through raising public awareness, exchange of personnel and training.