by swisschambei in Engineering / Manufacturing
With China aiming to achieve carbon neutral by 2060 and further improve the production efficiency in its manufacturing sector, ABB Group, the Swiss industrial conglomerate, plans to seize more market share as the country demand for smart urban infrastructure and digital electrical solutions will continue to rise during its 14th Five-Year Plan (2021-25) period. China’s drive toward high-tech, sustainable cities, transportation, energy supply goes hand in hand with ABB business model and the company is playing a key part in the tangible growth of the Belt and Road Initiative, said Morten Wierod, president of ABB Motion. “Industrial energy efficiency, more than any other challenge, has the single greatest capacity for combating the climate emergency. It is essentially the world’s invisible climate solution,” said Wierod. “By far the biggest impact we can have in reducing greenhouse gas emissions is through our technologies, which reduce energy use in industry, buildings and transport – sectors that together account for nearly three-quarters of global energy consumption,” he said.