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Home > Latest News > Carbon Trust in cleantech partnership with China

Carbon Trust in £10m cleantech partnership with China

A £10 million partnership between the UK’s Carbon Trust and China Energy Conservation Investment Corporation (CECIC) has been agreed. This partnership will help develop technologies in China aimed at reducing carbon dioxide output. Additionally this agreement will pave the way for British companies to export their low carbon technologies to China.

In addition to the £10 million intended to encourage the growth of new environmental technologies and provide investment for Chinese businesses exhibiting the right ‘green’ credentials it is hoped that there will be considerable funding forthcoming from both the private and the public sectors.

The Carbon Trust, whilst set up by the British Government in 2001, is an independent company designed to develop low carbon solutions for business. Already a success in the UK with seventeen million tonnes of carbon dioxide saved since 2001, they intend to double this total in the next few years.

Tom Delay of the Carbon Trust stated “China represents an exciting new market for clean technology businesses. We hope to act as a bridge for UK companies entering the Chinese low carbon marketplace and believe that our approach to low carbon innovation, coupled with CECIC’s expertise in clean energy in China, will open up new exciting opportunities for UK companies at the cutting edge of carbon reduction.”

CECIC is China’s only State Owned business involved with environmental finance schemes and is looking to make itself the largest investment supported stock corporate in the environmental arena.

That the UK can be at the forefront of such a project, clearly demonstrates how Britain has embraced the ethos of the low carbon Industrial Summit early in 2009.

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