These feats are a product of the global green-tech race, which China leads by a wide margin. Or it could forge a shared competitiveness agenda, which would allow Europe to use its strengths – rulemaking, coalition-building, and norm-setting – to shape the deployment environment, define standards, and guide green investment frameworks. “ Both Europe and China have wagered their future on green growth. For China, it means maintaining access to a high-value export market amid a shifting global trade environment. Both Europe and China have wagered their future on green growth.