EU firms ready to invest in Chinese transition

European businesses have the technology to support China’s push for net zero, but policy uncertainty and red tape are hindering investment, says the EU Chamber of Commerce in China

European businesses operating in China have the technology and knowhow to help the world’s biggest carbon polluter achieve its low-emissions goals. But they have been discouraged from investing by a lack of clear and predictable policy guidance, opaque power markets, and red tape preventing the import of green technologies, according to a report from the EU Chamber of Commerce in China. China has pledged to peak emissions before 2030, the most significant milestone on the road to its long-term aim of net zero by 2060. The announcement of the 30/60 goals by President Xi Jinping two years ago galvanized Chinese climate action, but there has been a recent lack of urgency as policymakers priorit