China and EU launch climate change project

China and the EU yesterday launched a joint project to boost China's clean development mechanism (CDM).

The EU will pour 2.8 million euros into the project, which targets EU-China joint climate change objectives, said Nicholas Costello, first counselor of the Delegation of the European Commission to China and Mongolia.

"It will facilitate the implementation of the CDM, make it easier to exchange information on CDM projects and encourage EU companies to engage in CDM projects in China and hence to tackle climate change on a global scale," Costello said.