SEOUL, South Korea, Nov. 13, 2022 /PRNewswire/ — Hyundai Motor Group (the Group) Executive Chairman Euisun Chung delivered a keynote address at the 2022 B20 Summit in Bali, Indonesia, on the theme “Energy Poverty and Accelerating Equity and the Orderly Use of Sustainable Energy. “
The B20 Summit, 13-14 November, hosts a personal and commercial business team advisory framework that makes policy recommendations to leaders at the 2022 Bali G20 Summit, 15-16 November, with the theme “Advancing Innovation, Inclusion and Collaborative Growth. “
In his keynote address at the B20 Summit’s “Energy, Sustainability and Climate and Finance and Infrastructure” consultation, Chief Executive Chung said: “Now is the time to make ambitious decisions. And now it’s time for leadership. “
The CEO also referred to the climate crisis and severe energy poverty, emphasizing the need for all other culprits in global society, adding governments and businesses, to work together to move towards sustainable energy solutions.
Chief Executive Chung said: “The fact is that the world is facing a climate replacement crisis. The auto industry is rethinking energy and investing in renewable energy, but it’s a business we can’t pursue alone. With common-sense solutions, government and industry can provide the right incentives for businesses and consumers to embrace blank mobility. »
“But climate replacement is the only explanation for why we drive our transition to sustainable energy. The world faces a host of economic challenges: the social and economic reaction to COVID, a global shortage of semiconductors, inflation, emerging interest rates, and soaring commodity prices.
Chief Executive Chung highlighted the group’s efforts towards carbon neutrality: “We pursue a zero-emission strategy across all our price chains, adding automotive parts purchasing, vehicle manufacturing, logistics, visitor use of our products and vehicle recycling. that are creating policies that inspire investment in these new resources and technologies.
Regarding hydrogen as a long-term blank energy solution, he explained: “Renewables come with other challenges, adding source and garage constraints. Hydrogen can solve many of those problems. And there is now a global consensus on the importance of hydrogen in the long term. and unlimited power solution.
“Governments and businesses will have to play their part and drive global change. Together, we can create the scenarios to drive the adoption of environmentally friendly solutions.
Chief Executive Chung concluded his remarks by reiterating the Group’s commitment to sustainable growth. “Hyundai Motor Group will continue to create the right options possible in the long term for everyone,” he said.
For more information on Hyundai Motor Group, please visit: www. hyundaimotorgroup. com.
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FUENTEHyundai Motor Group
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