China and Europe to Discuss Energy and Environment

wen jabao chinese premierChina and European Union leaders will discuss cooperation on energy and climate issues in an upcoming summit.

The two sides will discuss cooperation in energy and the environment, Li said, without offering any details.

“The willingness of China and the EU to strengthen cooperation in energy and climate change will be reflected in the declaration,” Li said of a statement to be signed at the meeting.

The EU ambassador to China, Serge Abou, told reporters last week that the European Investment Bank is set to sign an agreement at the Helsinki meeting to provide China up to 500 million euros ($639 million) in loans for projects to cut energy use and greenhouse gas emissions.

China’s growing hunger for energy has spooked international markets and raised alarm about its output of greenhouse gases, which many scientists say are raising global temperatures, leading to rising sea levels and more extreme weather.

The EU is China’s biggest single trade partner, and trade reached $143.5 billion in the first seven months of 2006, a 21.1 percent increase over the same period last year.

[Read the full story here. Photo courtesy of Reuters.]

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