The Aldersgate Group have written to both David Cameron and José Manuel Barroso, President of the European Commission, to urge the EU to propose an ambitious set of concrete initiatives on green growth at the EU-China Summit.
In collaboration with E3G and EU CLG, the joint letters state that the Summit represents a critical opportunity to align European and Chinese interests on the green economy, and formulate a new approach to the EU-China relationship which maximises mutual opportunities and better manages trade tensions.
Further integration of European and Chinese markets would deliver immediate and large business opportunities for European firms. China will spend $8 trillion on urbanisation and over $1 trillion on power systems to 2020. The majority of this investment will need to be clean, efficient and low carbon. The letter sets out four priorities to help create a "Green Growth Area" between the EU and China.