China-europe new energy and energy storage policy

How does the EU support China in the energy sector?

To facilitate its efforts, China embraces foreign aid. In recognition of China’s energy needs, the EU has been cooperating with the nation in the energy sector by “providing assistance to China in line with European development strategy” (EU–China Clean Energy Centre 2015: 18).

What is the difference between China and EU energy policy?

In the EU, there has been a preference for regulatory and market-based solutions whereas in China state intervention and administrative driven targets remain central feature of the energy policy system ( Goron and Freeman, 2017).

Can the EU and China strengthen their cooperation in energy policy?

In view of the structure of the found policy interdependence, and the fact that there is no formal policy regime in place, it appears possible that the EU and China can strengthen their cooperation in the field of energy policy - despite occasional disruption in neighbouring policy areas and a trend towards a more asymmetrical relationship.

Does the EU have a 'limited' energy relationship with China?

The “limited” gains in the EU’s energy relationship with China are demonstrated in terms of both investment and trade, which display highly unbalanced images. On investment, although China’s investment in the EU’s energy sector has soared in recent years, European companies’ investment in China’s energy sector has remained almost zero.

Can Europe help China tackle energy challenges?

To assist China in tackling energy challenges, the EU declared, with a similar tone to its 1998 policy paper on China, that “Europe should offer its environmental and energy know-how to China to help develop efficient and clean industrial processes and energy production” (EC 2002: 28).

Does the EU have an energy investment imbalance with China?

Although the EU is suffering from an energy investment imbalance with China, the latter’s energy trade is not in the EU’s favor. In terms of primary energy, both sides are heavily dependent on imported fuels. For example, in 2018, more than 70 percent of China’s oil supply came from abroad, and that proportion for the EU was over 90 percent.