Contrary to popular perception, ECA faces significant threats from climate change, with a number of the most serious risks already in evidence. Vulnerability over the next ten to twenty years will be dominated by socio‐economic factors and legacy issues. Even countries and sectors that stand to benefit from climate change are poorly positioned to do so. The next decade offers a window of opportunity for ECA countries to make their development more resilient to climate change while reaping numerous co‐benefits.

Climate change has reached the apex of the global agenda at a time when China faces significant development and energy security challenges. The political leadership and leading intellectuals are debating the direction of a new development pathway that provides both growth to meet development objectives, and dramatically reduces energy intensity and pollution. While the official position has not changed significantly, there are four key aspects that illustrate how climate change is conceived by the Chinese leadership. This signals that China may come to play a much more important role in global mitigation of climate change than was thought only a couple of years ago.