China’s green goals offer opportunities to European firms
March 31, 2011 Category Alternative energy, Environment
The green goals in China’s new Five Year Plan present opportunities for European and Chinese businesses. “With China pushing low-carbon growth up the political and business , there are considerable opportunities for UK businesses with low-carbon knowledge, capability, and commercial expertise,” said Susan Haird, Acting Chief Executive of UK Trade & Investment, in an exclusive interview with China Daily. “It is important that we continue to increase two-way investment between our countries in low-carbon goods and services, as this will lead to the increased growth of a global low-carbon economy,” Haird said. China’s 12thFive Year Plan (2011-2015) seeks to achieve a more balanced approach to growth and development, focusing greater attention on the environment and sustainable development. China and Scotland sealed a major green-energy deal when Vice Premier Li Keqiang visited the United Kingdom in January. The agreement, worth GBP6.4 million, will see technology pioneered in Scotland used at a new renewable-energy conversion plant in China. The licensing deal was reached between the Sino-Scottish company Shanghai Huanuan Boiler and Vessel Co/Cochran and Scotland-based W2E Engineering, which specializes in generating electricity from domestic refuse. Like the UK, some European countries’ current leadership in low-carbon technologies means that they can be first in line to benefit from the growth in China’s green markets. China and Germany signed a deal to cooperate on low- carbon product certification in October 2009, the first such foreign cooperative program undertaken by China’s Ministry of Environmental Protection (MEP).
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