EU seeks Chinese investment to boost funding for sustainability

A stronger relationship with China must be a priority for the EU if it is to boost its funding in sustainability. The President of the European Committee of Regions stated that if Europe is to get the funding it requires to make urban areas more sustainable, it must look to China for investment.

The President reiterated claims he has already made that it is important for city pairing and partnerships between regions in energy efficiency. He believes that city’s and regions working together to meet energy efficiency targets works a lot better that city’s going it alone.

The EU and China already hold annual summits to discuss issues such as climate change and sustainability, and it is hopes that strengthening ties will increase the amount of investment into the EU by China.