Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > EU holds back on signing climate action pledge with China, FT says
    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 read

    Last updated: January 23, 2026

    EU holds back on signing climate action pledge with China, FT says - Finance news and analysis from Global Banking & Finance Review
    Tags:sustainabilityClimate Changefinancial communityinternational organizationsinvestment portfolios

    Quick Summary

    The EU delays a climate pledge with China, seeking stronger emission commitments before a summit marking 50 years of diplomatic ties.

    EU Delays Climate Action Agreement with China Ahead of Summit

    (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)

    Key Takeaways

    • •The EU is delaying a climate action pledge with China.
    • •The EU seeks stronger emission commitments from China.
    • •China is expected to miss its carbon intensity reduction goal.
    • •The EU faces a deadline for a new climate target submission.
    • •The summit marks 50 years of EU-China diplomatic ties.

    Frequently Asked Questions about EU holds back on signing climate action pledge with China, FT says

    1Why is the EU hesitant to sign a climate action pledge with China?

    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.

    2What are the EU's climate targets based on?

    The EU's climate targets are among the world's most ambitious, but they have been based entirely on domestic emissions cuts.

    3What deadline is the EU facing regarding its climate targets?

    The EU faces a mid-September deadline to submit a new 2035 climate target to the United Nations.

    4What has China struggled with in terms of climate goals?

    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.

    5How did the European Commission respond to the report?

    Reuters could not immediately verify the report, and the European Commission did not immediately respond to a request for comment.

    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Finance

    Explore more articles in the Finance category

    Image for French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Image for Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    Image for AI trade splinters as investors get more selective
    AI trade splinters as investors get more selective
    Image for EU extends tariff suspension on $109.8 billion of US imports for six months
    EU extends tariff suspension on $109.8 billion of US imports for six months
    Image for Dog food maker Ollie acquired by Spain’s Agrolimen
    Dog food maker Ollie acquired by Spain’s Agrolimen
    Image for Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    View All Finance Posts
    Previous Finance PostFacing battlefield setbacks, Ukraine withdraws from mine ban treaty
    Next Finance PostGerman industrial output rose more than expected in May