- Executive Chair Euisun Chung speaks on the subject of ‘Energy Poverty and Accelerate a Just and Orderly Sustainable Energy Use,’ at B20 Summit Indonesia 2022
- Occurring previous to G20 Summit, the B20 Summit attracts 1000’s of attendees from main G20 member nations
- Executive Chair Chung urges governments and world companies to undertake sustainable vitality options to deal with local weather change
- Executive Chair Chung highlights Hyundai Motor Group’s carbon neutrality efforts and dedication to scrub mobility as ‘the Right Move for the Right Future’
- Hyundai Motor and Kia Corporation plan to attain web zero emissions all through their whole worth chains, together with provide, manufacturing, logistics and disposal
- The Group is offering EVs, similar to Genesis Electrified G80 and Hyundai IONIQ 5, as official transportation for the 2022 G20 Bali Summit
SEOUL, South Korea, Nov. 13, 2022 /PRNewswire/ — Hyundai Motor Group (the Group) Executive Chair Euisun Chung, immediately delivered a keynote speech at the 2022 B20 Summit in Bali, Indonesia on the theme of ‘Energy Poverty and Accelerate a Just and Orderly Sustainable Energy Use.’
The B20 Summit, Nov. 13-14, facilitates a consultative physique comprised of personal financial teams and companies that delivers coverage suggestions to the leaders of the 2022 G20 Bali Summit, Nov. 15-16, beneath the theme of ‘Advancing Innovative, Inclusive and Collaborative Growth.’
In his keynote speech at the B20 Summit’s ‘Energy, Sustainability & Climate and Finance & Infrastructure’ session, Executive Chair Chung stated, “Now is the time for bold decisions. And now is the time for leadership.”
The govt chair additionally referenced the local weather disaster and extreme vitality poverty, emphasizing the necessity for all accountable folks in world society, together with governments and companies, to work collectively to change to sustainable vitality options.
Executive Chair Chung stated: “The fact is that the world is facing a climate change crisis. The auto industry is rethinking energy and investing in renewable energy, but it is an endeavor that we cannot pursue alone. With commonsense solutions, government and industry can provide the right incentives to businesses and consumers to embrace clean mobility.”
“But climate change is not the only reason to accelerate our transition to sustainable energy. The world is facing a myriad of economic challenges: the social and economic aftershocks of COVID, a global semiconductor shortage, inflation, rising interest rates and the soaring prices of raw materials.”
Executive Chair Chung highlighted the Group’s efforts towards carbon neutrality: “We are pursuing a net-zero strategy across all our value chains, including the purchase of auto parts, vehicle manufacturing, logistics, customer use of our products and vehicle recycling. We need the strong support of global leaders who create policies that encourage investment in these new resources and technologies.”
Regarding hydrogen as a future clear vitality answer, he defined: “With renewables come different challenges—including limits on supply and storage. Hydrogen can solve many of these issues. And now, there is a global consensus on the importance of hydrogen as a future, limitless, energy solution.”
“Governments and businesses must play their part and drive global change. Together, we can set the conditions to accelerate the adoption of eco-friendly solutions.”
Executive Chair Chung closed his remarks by reiterating the Group’s dedication to pursuing sustainable development. “Hyundai Motor Group will continue to make the right moves for the right future for everyone,” he stated.
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SOURCE Hyundai Motor Group
