The International Energy Agency (IEA) and the National Development and Reform Commission (NDRC) of the People’s Republic of China, have signed a Memorandum of Understanding on energy efficiency collaboration.
Zhang Yong, Vice Chairman of the NDRC, and Dr Fatih Birol, the IEA’s Executive Director signed the agreement at the IEA headquarters in Paris on Friday.
The agreement sets out a strong framework for collaboration on activities and projects to accelerate progress on energy efficiency, both in China and around the world.
According to a joint media release, the pair are looking forward to collaborating on policy dialogue, joint research, data sharing and capacity building activities.
The agreement comes at a critical time in the global efforts to rein in carbon emissions. Read more: Global renewable investments to hit $228.3bn in 2018
Importance of energy efficiency
Analysis from the IEA has long underscored the importance of energy efficiency in clean energy transitions, as well as China’s central role in the global energy debate.
China has made strong progress on energy efficiency in recent years and has led energy intensity improvements globally.
Given the importance that China has attached to energy efficiency under NDRC’s leadership, the IEA said it is looking forward to working with Chinese institutions and providing a platform for China’s engagement on energy efficiency, as well as sharing its successful experiences in this field.
As part of its modernisation strategy, the IEA has been opening its doors to emerging economies and establishing itself as a clean energy hub, particularly on energy efficiency.