British ambassador expects broader cooperation with China on low-carbon economy

Chinese and British companies have made great collaborative efforts in the low-carbon economy, but there are more collaborations in store for the two countries, Sebastian Wood, British ambassador to China, has said.

Chinese entrepreneurs should get in touch with the embassy or UK Trade and Investment offices around China for more cooperation opportunities in the new low-carbon economy, said Wood Thursday when addressing a forum prior to the opening of Annual Summit of China's Green Companies in Qingdao, a coastal city in east China's Shandong Province.

The urgency for tackling the dangers of climate change could not be clearer, Wood said. "Since the industrialization of the United Kingdom, the industries of the world have emitted around 500 billion tonnes of carbon into the earth's atmosphere."

In an era of high fossil fuel prices, businesses can still strive to reduce energy costs and win a share of the growing global market for low-carbon goods and services, said the embassador.

Companies from both countries are already working together in the UK to explore business opportunities with positive impacts on reducing carbon, he said.

Expanding collaborations in the low-carbon economy could be part of the partnership for growth that leaders from China and the UK discussed in their recent meeting, said Wood.

The Annual Summit of China's Green Companies, organized by the China Entrepreneur Club and launched in 2007, is expected to provide a platform for the exchange of ideas amongst policy makers, entrepreneurs and NGOs and, therefore, boost sustainable development.

More than 100 well-known entrepreneurs and experts attended this year's two-day summit which ends on Friday.

Source: Xinhua

	Weekly review     April 14   BRICS nations can be anchor of global economy, politics   April 13   China launches assault on child kidnapping April 12   China's coastal seas unaffected by Japan's radioactive water April 11   US has serious human rights abuses: China April 16   The week in pictures April 11   PM Kan offers thanks for 'Kizuna' on People's Daily April 13   Stable BRICS nations prop up world development April 13   US should stop acting like 'preacher' of human rights April 15   GDP rises 9.7% in Q1, inflation surges too April 14   Auditor lady's sudden death sparks overwork debate