Internal Market, Industry, Entrepreneurship and SMEs

EU and China explore the benefits of green growth

EU and China explore the benefits of green growth
Published on: 09/09/2013
Author: Enterprise & Industry Magazine
The EU and China together are on a ‘green growth’ mission, one that supports environmental protection and sustainable prosperity by promoting regulatory harmony.

Strengthening EU-China cooperation will lead to more international business opportunities for EU companies, particularly SMEs, active in the ‘environmental’ sectors. The end result: helping the global economy and slowing global warming.

The global market for green goods and services is currently estimated at around €1 trillion per year – and is expected to double by 2020. This huge economic potential, coupled with the moral imperative to fight manmade climate change, was the inspiration behind a visit by European Commission Vice-President Antonio Tajani and Environment Commissioner Janez Potočnik to China in July 2013.

An important aspect of the visit was intensifying EU-China cooperation to improve industrial energy efficiency, decrease greenhouse gases and increase market share for environmentally friendly products and services.

This is a continuation of collaboration that began in 2010, when a specific working group was established with the Chinese Ministry of Industry. The group’s three main areas of emphasis are energy efficiency actions in industry, product policy (notably eco-design) and sustainable industrial policy.