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Italy and China Take Initial Step to Energy, Infrastructure Deal

March 29, 2019, 7:21 PM

Italy and China will cooperate on energy infrastructure and development, including renewables and natural gas, as Italy becomes the first Group of Seven country to sign on to China’s Belt and Road Initiative.

In a series of side agreements, Italy’s leading energy companies also signed nonbinding agreements with Chinese companies to finance joint energy projects and develop more efficient energy technology.

The two countries will work together to “promote the global process towards green, low carbon and circular development,” they said in a nonbinding agreement they signed March 23. Neither indicated at this time how much funding they will ...