 Yeah, thank you so much for inviting me. It's a pleasure for me to be on the International Institute for International and European Affairs that I have been in contact I think in the past years and I'm on the board in Berlin on the Simelea Institute Institute for European Politics being born out of the European movement 50 years ago and in close relationship to the foreign ministry and Serving as a platform like you do for all sorts of debates with different stakeholders Yeah In fact, I took over the China delegation this year And this legislature Because I think that Europe and China can do a lot together There is a huge potential of cooperation Especially on the way to sustainable development whether it's climate change or resources efficiency energy efficiency And when I was chair of the environment committee I let the parliament allegation to Copenhagen climate conference and I shared the same Frustration than all the others that the big hope to have a climate deal Was not possible because on the one hand the US one has to say it But on the other hand as well China have not been prepared and not ready to make a deal And then on the way to Paris where I was as well as the parliament delegation. You saw the change that China by many reasons as well came forward to Then be not Obstructive but be very constructive to make the Paris deal now I think this is the just rhetoric, you know that you and China for 40 years having this Diplomatic relationship and having some 60 different dialogues of course trade is in the very focus of our relationship but it as well in large to High-level strategic dialogue on all political issues around the world and not to forget about the people to people dialogue And this lunch debate is timely because yesterday and today is the you China summit in Beijing We see what what comes out and Madame Mogherini few weeks ago has presented elements of a new EU China strategy we discussed it in Strasbourg last week and hopefully we get let's say one voice to comprehensive let's say partnership with China now trade is at the focus it has 20 years ago. There was hardly trade and today we have this 465 billion euros in trade in 2014 alone And investments are going up quite quickly. So I should mention that There's very conflicts and you know about the market economy status and that is in question The parliament had a clear vote to say there's no automatic Decision on this. We need a package of a fair trade deal and trade is completely unbalanced between China and EU and Therefore the Commission will come up in summer with a proposal And what our trade defense instruments could be now investment is the next big issue European companies have invested a lot in China and China is now coming on the European markets If you could see they are buying year by year Singenta in Switzerland, Pirelli in Italy Power station in Portugal train lines in Hungary And then came in Germany to the most sophisticated robotic company KUKA If you go to Ford or Volkswagen, KUKA has the robots robots to make let's say All machines and cars and suddenly there was a debate whether we want them to buy it and In fact in our external trade acts. We have these safeguards that for security reasons in the military area you don't allow foreign investments and Maybe we have to rethink again what our our strategic interests Because at the end the Chinese companies are very often not private But they are state-owned companies with state-owned Subventions and there is not a fair thing Chinese markets are by and large closed for European companies, but European markets are really widely open for Chinese It's a big debate. It is not let's say it's just beginning I don't think that we should be protectionist because at the end Europe exports more than it imports to the world So the EU was always a more open door and the liberal trader and other protectionist But if you look on the US they are much harder in Let's say say no to foreign investments than the you ever has done. I don't think we even have a policy on this Now I think that the one belt one road initiative as the Yonka plan are two portfolios where investments could take place now our topic is more than the sustainable development As I told you Paris was a culminating point where you and China Really got together with others but really made that historic deal to Preserve the atmosphere As one has done 25 years ago in Montreal to preserve the ozone layer and as you could see it is working Yeah, it is successful. And I think we have the possibility to stabilize a global warming if everybody does its homework Now we have a new China energy roadmap just concluded a few days ago on the G20 summit between the you and China We have a close cooperation on emission trading an Organization partnership and an innovation corporation Now if we go into the issues it is all the elements that are available to promote energy efficiency Renewable energies to establish carbon markets to have a climate-related research go to overall low-carbon economy and the urbanization as well with the migration from the land the rural areas to the cities and the Technologies that we need now you could see that China has a huge potential It is already in 2015 investing more in renewables than the you and China and the US together You see on the right side 199 gigawatts Whereas the United States is an hundred twenty two and the Europe is in behind so the new five year plan Which is very welcomed in this regard speaks about eco civilization Nice word that they have found eco civilization and The prediction is that they go to eight hundred eight thousand gigawatts with a new grid system and Let's say a completely new energy pattern as I told you on the 29th of June At the sideline of the G20 energy minister meeting in Beijing You and China adopted an energy road map We want to understand each other have mutual trust in the energy corporation so on the market development on the regulation framework and then on this basis improved trade and investment conditions in the energy sector and Transforming the energy system in the climate resilient system, I think that in this large area of renewable energies and Smart grids as I mentioned there are a lot of experiences that European companies could fit in Your China goes nuclear as well. It's not only renewable and the nuclear safety We have the Europe your tone treaty where nuclear safety is a common policy and it is useful To speak with them about this issue as well Germany as you know has decided to step out of nuclear We are doing it. You never decided to step in so you have not the trouble with nuclear waste and Nuclear safety at least not at home. Maybe with your neighbor and In this regard, of course, we have as well to look about standards for consumer goods as to speak about Eco design Now energy is the one thing resources is the other issue resources efficiency China was really pushing up the prices for all sorts of resources in the last 10-15 years and Suddenly you could see that there is a transition and transition from low-cost mass production to higher quality products and consumption and I was with the parliament a few weeks ago in Namibia It's only one country that is heavily dependent on the natural resources and we are Chinese companies are heavily Investing like in all Africa and they are complaining about the price for of with raw materials And I told them look that will not change anymore Because we are in a new area of a technological revolution. We are teaching the Technologies are helping us to be most efficient and we are China and then other Will transform from the former Economic model to the new economic model So I don't think they run on raw materials and on energy could be more relaxed if they do it what they Are talking in the five-year plan Yeah circular economy. I witnessed myself in Tianjin How a whole new city Complex is transformed into a circular economy city with water recycling with waste management and high standards for buildings That is certainly a good thing to follow Now we are cooperating since some years on the emission trading system The you was the first one to go for a carbon market Yeah, that was an idea coming from the US, but then later it was most contested in the US they did it 25 years with SO2 with SO2 the Emissions successfully, but we see or two. They didn't want to do it anymore so then Europe established the emission trading system and South Korea does it California does it Australia wanted to do it and then the government change Upstained, but China has a seven pilot regions as you could see the most advanced is Hubei and Guandong and Guandong has 80 million Inhabitants as large as Germany. There's an economic output a little bit like not as much but very prominent and We are happy that they are testing the emission trading system and there we are very intense Incorporation with them China's delegation the experts they come in September to process and our environment committee goes there in November We even have now Taken another 10 million euros to fund their Expertise and By next year The pilot projects are intended to be a nationwide Carbon trading market We Have to look how we can make it compatible by the rules with the use system and The end goal is of course to have a global carbon market if you would have a price on carbon and Reducing it year by year. You can come to the two degree Celsius limit to yeah the stabilized global warming and we know that the budget that we still have available is 1000 gigatons By the scientific world telling us a thousand gigatons are left For the time being we have some 40 gigatons every year. So there is some 25 years then it should be zero If you want to have two degree Celsius and that is very ambitious. I I think we By business as usual now Risking to fail it but If we establish a carbon market worldwide that could be done because the markets are following the price signals And then would quickly change Yeah In in all the production cycle now As you know China is Mobilizing more than 200 million people towards the cities. So they are really building new cities Outside Beijing I saw a little city of 300,000 g county That should have a five million people in the 2025 it has 300,000 today It's amazing when you see the plan and the city hall how The parks and the residential areas and the commercial areas and the sports and the scientific areas how this is on the plan and And I think it's most attractive to share experience by Europeans because we are our cities our model of the world urbanization in the European way is probably the most sophisticated and We have the Guangzhou crystal partnership the Chengdu bond partnership and others about 12 Green city corporations are existing Yeah There are a lot of challenges but as well of opportunities in our corporation At the end I would say we need to have a legal framework and the US working with China on the standards on best practices on Market elements Yeah on standards for goods because Export import needs of course a level and therefore eco design is an Interesting area to work together We of course have to look on our mutual interests And China has this Made in China 2025 If you look behind it looks like protecting China 2025 so getting scientific excellence from Europe and other parts of the world and Then back home. Let's say creating national champions in the first place and going on The world market in the second place, so I think that there are negotiations necessary on a fair deal if we exchange science and technology whether that is open or whether it is closed and At the end I think and therefore thank you for this topic By all the conflicts we might have on market economy On South China Sea conflicts or other areas. I think climate change and sustainable development is an area of mutual interest and of mutual benefits and therefore Island like the EU itself should go for it and should explore The possibilities for Chinese to come here And our company is to go there and I think that is a chance to try it's an Terrain Activities that is very promising for the next years to come. Thank you very much