Hyundai Motor Executive Chair Urges Bold Action on Climate Change

The B20 Summit, Nov. 13-14, facilitates a consultative body comprised of private economic groups and businesses that delivers policy recommendations to the leaders of the 2022 G20 Bali Summit, Nov. 15-16, under 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 said, "Now is the time for bold decisions. And now is the time for leadership."

The executive chair also referenced the climate crisis and severe energy poverty, emphasizing the need for all responsible people in global society, including governments and businesses, to work together to switch to sustainable energy solutions.

Executive Chair Chung said: "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."