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Zero: The Climate Race
Europe’s top industrialist takes on green batteries
Nov 14, 2023
Jim Hagemann Snabe, Europe’s top industrialist and chairperson of Northvolt, discusses achieving climate goals, zero-emission shipping, and competing with the Chinese battery industry. They also explore policy changes, incentives in green technology transition, and the role of leadership in driving the zero carbon transition across various sectors.
23:16
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Quick takeaways
- Decarbonization presents a significant business opportunity, and technology plays a crucial role in driving the energy transition and reducing carbon emissions.
- To achieve a more sustainable future, Europe and North America need to develop their capacities for critical raw materials and battery manufacturing, despite the dominance of China in the battery sector.
Deep dives
The Urgency of Decarbonization and Business Opportunities
Jim Snabbar, former chair of shipping giant Mersk and Siemens, discusses his dedication to accelerating the decarbonization of the world. He believes that decarbonization is not only necessary to avoid a disaster but also presents a significant business opportunity. Snabbar highlights the role of technology in driving the energy transition and reducing carbon emissions, emphasizing the growth of Siemens' portfolio that helps companies achieve zero carbon emissions while saving money. He also discusses the importance of scalable and affordable storage solutions, such as batteries, and the efforts of Northvolt, a battery company focused on creating a sustainable battery manufacturing industry. Snabbar acknowledges the dominance of China in the battery sector but expresses the need for Europe and North America to develop their capacities for critical raw materials and manufacturing batteries to ensure a more sustainable future.
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