The two sides shared the view that climate change is one of the most important global challenges of our time which demands urgent and cooperative action, and agreed to further strengthen cooperation in this field. They will, according to the provisions of the United Nations Framework Convention on Climate Change (UNFCCC) and its Kyoto Protocol and the Bali Roadmap, work together with other parties for a comprehensive, fair and ambitious outcome at the UN Climate Change Conference in December 2009 in Copenhagen, in line with the principle of common but differentiated responsibilities.
The two sides believed that substantially scaled up financial support by developed countries and arrangements to promote technology dissemination in and transfer to developing countries will be an important outcome in Copenhagen. The two sides stressed that ambitious and transparent emission reduction targets by developed countries, and nationally appropriate mitigation actions by developing countries, with a view to promoting the transition to a low carbon economy, supported and enabled by financing, technology and capacity building from developed countries, are crucial to furthering the efforts to address climate change.
The EU welcomed and appreciates the decision by China to set quantified national targets to limit the carbon intensity of its economy, as well as other numerical targets and policy measures as a contribution to address climate change. China welcomed and appreciates the leading role and great efforts of the EU in addressing climate change.
The two sides recognized the comprehensive cooperation in the field of climate change between the EU and China, and agreed to enhance coordination and cooperation to further implement the EU-China Joint Declaration on Climate Change, and agreed to upgrade the current Partnership on Climate Change. They will under the framework of the Partnership, intensify policy dialogues and practical cooperation on climate change, including but not limited to renewable energy, energy efficiency, joint development, demonstration and transfer of climate-friendly technologies, sustainable urban development, capacity building and regional cooperation, so as to promote continuous development of the Partnership. The two sides recognized that transition to low-carbon economy is an important way to achieve sustainable development.
In this context, they welcomed the recent deepening of their Energy Dialogue, with a view to enhancing the use of clean and sustainable energy as well as global energy security. They also welcomed concrete cooperation in the fields of renewable energy, clean coal, bio fuel and energy efficiency. They thus called for further deepening of cooperation in the energy field.
The two sides reaffirmed the aim to develop and demonstrate, in China and in the EU Member States, advanced near-zero emission power generation technology through carbon dioxide capture and storage (CCS). China welcomed the Conclusions of the EU Environment Council of 21 October 2009, regarding the follow-up EU-China NZEC project, and the pledge by the European Commission of up to 57 million Euros to the project.