Pierre Clamadieu, Chairman of ENGIE, joined global business leaders in dialogue with Shanghai Mayor and the Leadership Team on the 32nd International Business Leaders Advisory Council for the Mayor of Shanghai (Shanghai IBLAC), which was convened virtually on October 18, 2020. The theme of the Shanghai IBLAC 2020 is: “Shanghai: towards greater openness and higher quality development.” This was IBLAC’s first virtual meeting in its 30-plus year history.

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The 32nd Annual Meeting of Shanghai IBLAC was held online on October 18, 2020.

Mr. Clamadieu was one of the some 40 global business leaders in this distinguished council who joined the virtual conference. The other council members included chairmen and CEOs from Allianz, PwC, Toshiba, Siemens, BNP Paribas, Danone, GM, HSBC, L’Oréal, and Schneider.

The virtual meeting heard discussions on three topics: (A) Opportunities and challenges for Shanghai’s development brought about by changes in the international situation; (B) Upgrading of Shanghai’s industrial structure in combination with the development of key areas; (C) Enhancing resilience of Shanghai.

Mr. Clamadieu’s speech focused exclusively on the urgency to address the dual crises of COVID-19 and climate change. He advised the mayor and the municipal leadership that Shanghai should not lose sight of how actions and investments today could potentially prepare the city for the looming climate crisis, while responding to the COVID-19 crisis must be the primary concern.

“The COVID-19 crisis is offering an opportunity for decision makers to reaffirm its decarbonization ambition,” said Mr. Clamadieu. “We must ensure the economic stimulus packages don’t compound the climate crisis. Instead, the packages must be used to kick-start a sustainable path towards an accelerated shift from fossil fuels to renewables.”

Mr. Clamadieu proposed that the stimulus packages following the COVID-19, consistent with long-term climate resilient, include renewable power production, flexible power grids, efficiency solutions, EV charging, energy storage, clean district heating and cooling, hydropower, green hydrogen, as well as other technology investments consistent with long-term energy and climate sustainability.

“Rapid energy transition and deeper decarbonization call for unprecedented public policy initiatives and low-carbon investments. Long-term objectives for carbon-neutral growth, combined with targeted public investments and appropriate market incentives, will enable the private sector to act smartly and confidently,” Mr. Clamadieu said.

IBLAC was initiated in 1989 by then Shanghai Mayor Zhu Rongji, who later became China’s premier and was known for his determination to push forward reform. IBLAC has already become an international think tank for the city. Starting with 12 members from seven countries, the council has since expanded to engage nearly 50 executives from 16 nations. IBLAC serves as a platform for industry leaders across a wide range of sectors as well as geographies to contribute their expertise and ideas to the urban development of Shanghai.

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About ENGIE Group

A global reference in low-carbon energy and services, ENGIE develops a strong industrial vision. The purpose of the Group is to act to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environment-friendly solutions, reconciling economic performance with a positive impact on people and the planet. To do so, ENGIE rely on its key businesses (gas, renewable energy, services) to offer competitive solutions to its customers. Its integrated, low-carbon, high-performing and sustainable offers are based on digital technologies. Beyond energy, they facilitate the development of new uses and promote new ways of living and working.

About ENGIE China

ENGIE has been developing relationships and cooperation with Chinese partners since more than 30 years, with two significant recent milestones, the creation of a representative office in Beijing in 2008 and the set-up of a business unit to develop industrial activities in 2014. Leveraging on the Group’s know-how and solutions, ENGIE aims at becoming a benchmark player in China’s energy transition, developing decarbonized, decentralized and digitalized solutions in the areas of renewable power and smart energy solutions (whether they are targeting cities or B2B customers), as well as facilitating ENGIE and Chinese companies to jointly develop projects in third-party markets. ENGIE China is present throughout China, with two main office located in the cities of Beijing, Shanghai. The Group developed various joint ventures in the field of solar power, distributed networks, energy efficiency and engineering services.

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