President Xi Jinping’s keynote speech at the United Nations (UN) in Geneva in January 2017 titled “Work Together to Build a Community with Shared Future for Mankind”, has been adopted as a guiding philosophy for China’s approach to global challenges and global governance. Essential to President Xi’s “community with a shared future” is the goal of improving people’s lives.
The idea stresses promoting trade and investment liberalization and facilitation, making economic globalization more open, inclusive, and balanced so that its benefits are shared by all. 1 Furthermore, the idea holds that humans should be kind to the environment, cooperate to tackle climate change and protect the planet for the sake of humanity’s survival. Inherent in the concept of a Community for a Shared Future is interconnectivity. The logic behind this is that projects that expand interconnectivity also drive regional economic development. Through the Euroasia Interconnector, Israel is advancing both the conceptual and practical intent of a Community for a Shared Future cooperating with its European neighbors in the field of electricity.
Europe has its own vision for a community with a shared future where interconnectivity is the goal. One area where this vision is expressed is through PCI’s or Projects of Common Interest. PCI’s are intended to help the EU achieve its energy policy and climate objectives: affordable, secure and sustainable energy for all citizens, and the long-term decarbonization of the economy in accordance with the Paris Agreement.2 The EuroAsia Interconnector is recognized as a cross-border project that links the energy systems of EU countries.
- “China Keywords: Community with Shared Future for Mankind”, Xinhua, http://www.xinhuanet.com/english/2018-01/24/c_136921370.htm, (January 24, 2018) ↩
- “Questions and answers on the projects of common interest (PCIs) in energy and the electricity interconnection target”, European Commission Fact Sheet, http://europa.eu/rapid/press-release_MEMO-17-4708_en.htm, (November 24th, 2017) ↩