Private sector joins climate-change fight

Smoke is discharged from chimneys at a plant in Huaibei city, East China's Anhui province, Aug 14, 2013. [Photo/IC]

China and the United States are fostering cooperation on climate change by enlisting more engagement with the private sector.

On Monday evening, China's Special Representative for Climate Change Xie Zhenhua and US Special Envoy for Climate Change Todd Stern and other officials witnessed the signing of agreements by Chinese and US private sector partners on carbon capture, use and storage (CCUS).

Xie, Stern and US Energy Secretary Ernest Moniz praised the historic agreement reached by President Xi Jinping and President Barack Obama in Beijing last November, committing the two largest greenhouse producers to carbon reduction after 2020. China has agreed to peak its carbon emissions by 2030.