Morten Wierød, the CEO of ABB, told CGTN how happy he was to hear China reiterate its firm commitment to the green transition at Davos.
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00:00I was happy to hear the very strong commitment yesterday also from the Vice Premier Ding
00:06when he said that the sustainability targets of China, the peak 2030 and the carbon neutrality
00:13by 2060 remains.
00:15And we are, as ABB, also one of those partners to help China decarbonize.
00:21And it's a massive undertaking because China is today the biggest greenhouse gas emitter.
00:26But I'm very happy to see this very strong commitment.
00:28And I lived in China myself for four years, so I also know that when the government is
00:34giving a pledge, as they have done here, I know they will also deliver.
00:37So this will happen.
00:39And you see it also today.
00:40China is investing and installing more renewable energy than any other country.
00:45So it's almost like the whole world together is what China is doing in one year.
00:50And this is what will happen also in the coming years.
00:52So decarbonization of Chinese industries will happen in the next years.
00:59And I believe we'll see a strong boom also in the export or the deliveries of green steel,
01:06a lot of the material that is needed into this energy transition.
01:09So I think there China will play a role in that and the whole green transition.