Hyundai Motor Group Executive Chair Urges Bold Action on Climate Change and Energy Poverty at B20 Summit Indonesia 2022
- Executive Chair Euisun Chung speaks on the topic of ‘Energy Poverty and Accelerate a Just and Orderly Sustainable Energy Use,’ at B20 Summit Indonesia 2022
- Occurring prior to G20 Summit, the B20 Summit attracts thousands of attendees from major G20 member countries
- Executive Chair Chung urges governments and global businesses to adopt sustainable energy solutions to address climate change
Hyundai Motor Group's Executive Chair Euisun Chung delivered a keynote at the 2022 B20 Summit in Bali, addressing 'Energy Poverty and Sustainable Energy Use.' The B20 Summit, held on Nov. 13-14, provides policy recommendations to the 2022 G20 Bali Summit. In Chung's speech, he emphasized the urgency for bold decisions and leadership in combating climate change and energy poverty.
Chung stressed that tackling climate change and accelerating the transition to sustainable energy requires collaboration between global stakeholders. He highlighted the auto industry's shift towards renewable energy and urged for government and industry support to incentivize clean mobility.
Discussing the Group's commitment to carbon neutrality, Chung outlined strategies across their value chains. He also advocated for hydrogen as a future clean energy solution, emphasizing its potential to overcome challenges related to renewable energy supply and storage.
The Group aims to achieve net zero emissions, with plans to sell only carbon-neutral vehicles by 2040. They've joined RE100 and target 100% renewable energy for their global electricity demand by 2045. The article underscores their efforts in reducing carbon emissions and their eco-friendly initiatives, like solar power generation systems and green hydrogen production.
Hyundai Motor Group's dedication to sustainable growth and its involvement in initiatives like 'for Tomorrow' campaign and the Green Light Project demonstrate their commitment to addressing global challenges and supporting communities. Additionally, their support for the G20 Summit through electric vehicles reinforces their dedication to sustainable solutions.