China has huge role in green transition, says ABB chief

CGTN Europe

Morten Wierød, the CEO of ABB, told CGTN how happy he was to hear China reiterate its firm commitment to the green transition at Davos.   #wef25 #worldeconomicforum

Transcript

00:00I was happy to hear the very strong commitment yesterday also from the Vice Premier Ding

00:06when he said that the sustainability targets of China, the peak 2030 and the carbon neutrality

00:13by 2060 remains.

00:15And we are, as ABB, also one of those partners to help China decarbonize.

00:21And it's a massive undertaking because China is today the biggest greenhouse gas emitter.

00:26But I'm very happy to see this very strong commitment.

00:28And I lived in China myself for four years, so I also know that when the government is

00:34giving a pledge, as they have done here, I know they will also deliver.

00:37So this will happen.

00:39And you see it also today.

00:40China is investing and installing more renewable energy than any other country.

00:45So it's almost like the whole world together is what China is doing in one year.

00:50And this is what will happen also in the coming years.

00:52So decarbonization of Chinese industries will happen in the next years.

00:59And I believe we'll see a strong boom also in the export or the deliveries of green steel,

01:06a lot of the material that is needed into this energy transition.

01:09So I think there China will play a role in that and the whole green transition.

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