The 5th annual UK-China Energy Dialogue took place in Beijing last week (Friday 15 December).
This year’s Energy Dialogue demonstrated the continued importance of secure, affordable and sustainable energy in the golden era of UK-China relations, and both countries continued commitment to the Paris Agreement and efforts to decarbonise our economies.
Co-chaired by Business and Energy Secretary Greg Clark and Nur Bekri, Vice Chairman of the National Development and Reform Commission and Administrator of the National Energy Administration of China, the Dialogue saw the agreement of an Action Plan to implement the UK-China Clean Energy Partnership.
Agreed in 2015 as part of President Xi’s State Visit to the UK, the UK and China’s Clean Energy Partnership MoU is underpinned by an understanding from both governments that each country’s significant experience and expertise has the potential to reduce the costs of energy, while promoting opportunities for economic growth, development of cheaper technologies, greater use of clean energy and trade in green goods
The Action Plan signals the next step in the UK-China energy relationship, by creating an agreement to facilitate extended, systematic and sustained collaboration on clean energy between both countries. It sets out future cooperation in priority areas including clean energy technologies, civil nuclear energy, power market reforms and third country activity including the Belt and Road Initiative.
Demonstrating the breadth of UK-China collaboration, the Action Plan will support further collaboration across research, development and deployment; commercialisation; policymaking and implementation; Industrial Strategy; and commercial partnerships. It will be underpinned by a forthcoming UK Energy and Low Carbon Prosperity Fund programme for China.
The Energy Dialogue was held alongside the 9th UK-China Economic and Financial Dialogue co-chaired by Chancellor Philip Hammond and Chinese Vice Premier Ma Kai, providing an opportunity to highlight the links between economic growth and a clean energy transition.