Statement by EU Commissioner for Climate Action Connie Hedegaard on China's 12th Five-Year Plan (2011-15)
China's five-year development plan adopted today is an evident signal of the economic potential of climate action. By placing energy efficiency and clean energies for the first time at the heart of their economic development, the plan bets heavily on strengthening China's competitive advantage in fields like electric vehicles, renewable energy, smart grids and other low-carbon technologies.
It is also very encouraging that China has decided to gradually implement a carbon-market mechanism as one key tool for reducing industrial emissions cost-effectively. We will engage with our Chinese counterparts in order to further explore their intentions.
China's clean energy drive proves that in order to keep our leading position in the green growth race, Europe must invest now in clean technologies, better energy infrastructure and research and innovation. This will reduce our energy bill and improve our competitiveness. And as investments will be made in Europe, jobs will be preserved and created in Europe.
The 2050 Roadmap recently presented by the European Commission has set the right course: a clear and predictable pathway to a clean, competitive and climate-friendly Europe.