STATEMENT: Xinhuanet Europe publishes a report on Sino-European cooperation opportunities in green economy

(Information sent by the signatory company).

STATEMENT: Xinhuanet Europe publishes a report on Sino-European cooperation opportunities in green economy

(Information sent by the signatory company)

BRUSSELS, Feb. 14, 2023 /PRNewswire/ -- Green development has become a common goal for the world, including China and Europe, which have set targets to achieve carbon neutrality soon. International cooperation is an imperative element to achieve the objectives.

Titled "Report on the Prospects of Sino-European Cooperation in the Green Economy," published by Xinhuanet Europe, the European arm of China's Xinhuanet news and information platform, in conjunction with Big China's Tianfu Institute of International Strategy and Technology. Data, analyzes the similarities and differences between China and Europe in their approach to the green economy.

"This report paints a clear picture of the challenges ahead and exciting opportunities for green economic development and cooperation between China and Europe," said Philippe Mariani, CEO of the Sophia Antipolis Foundation and Sophia Antipolis Science and Technology Park in France. And he wrote in the foreword: "I strongly believe that innovative partnerships between Europe and China will create new models of sustainable growth."

Shi Yong, a councilor to China's State Council and a member of the Eurasian International Academy of Sciences, believes that exchanges and cooperation on climate change, green energy and green finance will strengthen the China-Europe global strategic partnership.

The report is positioned as a guide to strengthen this cooperation between industries. To do this, it offers data and analysis of energy consumption both in China and in Europe. Based on an analysis of major industries and energy consumption, a comparison of green economy policies, major areas of cooperation, typical case studies, and prospects for Sino-European cooperation, the report highlights the scope and track record of Sino-European cooperation in key areas.

Many valuable cases are collected in this report, such as green energy, green infrastructure, green transport, green finance and other industry fields.

According to the report, Chinese financial companies and institutions have made remarkable progress in green finance innovation. For example, in May 2022, Shudao (Sichuan) Insurance Brokers Co., Ltd. joined China Pacific Property Insurance Co., Ltd. expanding business sectors to include green finance, and jointly established a product system green insurance company with the ESG concept at its core.

With Europe's leadership in green, low-carbon and energy-saving levels in the energy sector and China's recent vigorous promotion of green transition, both sides are striving to improve the quality of life of people around the world. To take the next step in this development, China and Europe have great potential for cooperation.

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