Finance
EU holds back on signing climate action pledge with China, FT says
Published by Global Banking & Finance Review®
Posted on July 7, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 7, 2025
2 min readLast updated: January 23, 2026
The EU delays a climate pledge with China, seeking stronger emission commitments before a summit marking 50 years of diplomatic ties.
(Reuters) -The European Union is holding back on signing a joint climate action pledge with China at a summit this month to mark a half-century of diplomatic ties, a top climate official told the Financial Times in remarks published on Monday.
The EU's climate targets are among the world's most ambitious, but they have been based entirely on domestic emissions cuts. Now it faces a mid-September deadline to submit a new 2035 climate target to the United Nations.
Brussels has refused Beijing's repeated requests for a mutual climate commitment after the summit of the world's second- and third-largest economies, unless China promises to do more to cut greenhouse gas emissions, EU officials said.
"There is only merit in having a declaration from our perspective if there are also content nuts to be cracked and ambition to be displayed," Climate Commissioner Wopke Hoekstra told the paper.
China, which has been struggling to strike a balance between fostering economic growth and reaching environmental goals, is expected to miss a five-year goal for an 18% cut in carbon intensity by the end of this year.
Reuters could not immediately verify the report, and the European Commission did not immediately respond to a request for comment.
(Reporting by Dheeraj Kumar in Bengaluru; Editing by Tom Hogue and Clarence Fernandez)
The EU is holding back on signing a joint climate action pledge with China because it wants China to commit to more significant greenhouse gas reductions.
The EU's climate targets are among the world's most ambitious, but they have been based entirely on domestic emissions cuts.
The EU faces a mid-September deadline to submit a new 2035 climate target to the United Nations.
China has been struggling to balance economic growth with environmental goals and is expected to miss its five-year target for an 18% cut in carbon intensity.
Reuters could not immediately verify the report, and the European Commission did not immediately respond to a request for comment.
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