Milton Chung on European Industry's Clean Energy Opportunities and State Support

CGTN Europe spoke to Milton Chung, Global Chair of Baker McKenzie, at the World Economic Forum in Davos.

Transcript

00:00Energy prices for European industry are nearly double those in the United States and China according to the International Energy Agency

00:07It says that without low cost and reliable clean infrastructure a continent will remain behind

00:13Milton Chang is global chair of international legal company Baker McKenzie. He's been speaking to CGTN

00:20There's a lot more. There's a lot that's been done. There's a lot more that needs to be done and the opportunity for

00:26The green economy is this is runs into trillions of dollars last year in 2024

00:32The level of state support for green programs was unprecedented

00:38Yes, there were some times where project deployment may have been slower than people wanted, but the opportunity is that the need is there

00:47and

00:49Going forward, you know, I think we're hoping and expecting that there'll be even more state support

00:53Coupled with even more private sector investment in this area