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Hyundai Motor Vice Chairman Chung Urges G20 to Join Initiative to Unlock Hydrogen Economy
Invited to G20 Meeting as Co-chair of Hydrogen Council
Hyundai Motor Vice Chairman Chung Urges G20 to Join Initiative to Unlock Hydrogen Economy
  • By Michael Herh
  • June 17, 2019, 14:19
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Chung Eui-sun, senior vice chairman of Hyundai Motor Group and a co-chairman of the Hydrogen Council, delivers a welcoming speech at a meeting of the G20 energy and environment ministers held in Karuizawa, Nagano Prefecture in Japan on June 14.

Chung Eui-sun, senior vice chairman of Hyundai Motors Group, urged the G20 countries to take more proactive action to unlock the hydrogen economy. He was invited to the G20 energy and environment ministerial meeting held in Karuizawa, Nagano Prefecture in Japan on June 14 in the capacity of a co-chairman of the Hydrogen Council, which was launched at the Davos World Economic Forum in Switzerland in 2017.

Chung called on the governments and businesses of the G20 countries to slash carbon dioxide emissions and prevent global warming by accelerating hydrogen-based energy transition.

“For a sustainable earth, immediate action is needed instead of sugar-coated words and tinsel research,” Chung said. “The hydrogen economy is the most obvious solution to successful energy transition in the future.” Chung said that hydrogen, which is devoid of carbon emissions, should become the main source of energy.

The luncheon was attended by energy and environment ministers of the G20 member countries including Cho Myung-rae, Korean minister of environment. The ministers invited the co-chairs of the Hydrogen Council to discuss the roles and potential of the hydrogen energy in the global energy paradigm shift and to listen to the opinions of the industrial world directly.

The Hydrogen Council has as its members CEOs of 60 leading global energy, chemical, automobile, and auto parts companies. Hyundai Motor is acting as a co-chair company as it has been recognized as the first company in the world to mass produce hydrogen cars.

The Hydrogen Council expects hydrogen to meet about 20 percent of global energy demand by 2050. If the use of hydrogen increases, global CO2 emissions are expected to shrink by around 6 giga metric tons a year.