Sino-European Cooperation on Renewable Energy Development
Despite considerable differences in their level of social and economic development, China and Europe both face the challenges of energy insecurity and environmental degradation. Given their shared sustainable development objectives and the complementarity of their comparative advantages, the two have great potential for cooperation, which should provide both the motivation and capabilities to cooperate in relevant areas. However, there are a number of barriers and impediments at both the macro- and micro-levels. China and Europe should focus their joint efforts on several key areas of feasible renewable energy sector cooperation, including strengthening institutional links, facilitating bilateral investment and coordinating positions and actions in multilateral settings. Concrete cooperation in the renewable energy sector can cement the China-EU strategic partnership, thereby bringing benefits to both sides and beyond.
Keywords: China, European Union, renewable energy, energy security, Sino-European relations