The EU Commissioner for Development, Andris Piebalgs, and Chen Deming, Minister of Commerce of the Republic of China, have recently signed a financing agreement promoting the environment, transition towards a low-carbon economy and a reduction of greenhouse gas emissions in China.
Following the agreement, Andris Piebalgs stated:  "[ The]  agreement with China is a concrete example of how we can work in partnership to tackle global and shared challenges. We commend China's commitments and we'll support their efforts to reduce greenhouse gas emissions; to make cities cleaner and to better manage water, waste and heavy metal pollution. The EU has a solid experience in the fight against climate change and the path towards a green economy that we're happy to share. The results of these projects will benefit all of us and contribute to our common objective: a sustainable development of the planet."

Source: European Commission