ANNUAL MEETING OF THE NEW CHAMPIONS 2010

The report details discussions on the necessity of shifting away from coal and oil to sustain global economic growth, highlighting China as a critical 'technology laboratory' for scaling low-cost clean energy and smart grid infrastructure. It identifies the lack of clear carbon pricing following the Copenhagen Summit as a major barrier to innovation and emphasizes the imperative of Carbon Capture and Storage (CCS) to meet 2050 low-carbon targets, as fossil fuels are expected to remain significant in the energy mix for decades. The sessions also address the need for cross-sector partnerships in transport electrification and the integration of the mining and energy value chains to improve resource efficiency.

• China is positioned as a central actor in global energy efficiency and renewable energy efforts due to its status as the world's largest energy producer and second largest consumer. The country is utilizing its massive infrastructure projects as a testing ground for smart grids and clean technologies, which could potentially lower costs for global deployment.
• The failure of the Copenhagen Summit to establish a clear price for carbon or an organizing framework has created a significant obstacle for private and public stakeholders, leaving companies without the necessary incentives to innovate with urgency.
• Carbon Capture and Storage (CCS) is deemed non-optional for achieving global low-carbon targets by 2050, as fossil fuels—particularly coal—are projected to still represent up to 40% of the total energy supply in optimistic scenarios for China.
• The energy and mining/metals industries are seeing increased interdependency to support economic growth, specifically driven by a doubling of energy needs in the mining sector and China's reliance on steel for infrastructure.
• Transitioning the transportation sector away from oil, which powers 97% of the global system, requires a holistic ecosystem involving new partnerships between retailers, governments, and cross-sector collaborators to manage high investment risks and regulatory uncertainty.
• Investment needs for energy infrastructure in China are estimated by the International Energy Agency at US$ 200 billion per year until 2030, representing 17% of the global total.

APA

World Economic Forum (2010). ANNUAL MEETING OF THE NEW CHAMPIONS 2010. http://www3.weforum.org/docs/AMNC10/WEF_AMNC10_EN_SessionSummaries.pdf

Chicago

World Economic Forum. ANNUAL MEETING OF THE NEW CHAMPIONS 2010. 2010. http://www3.weforum.org/docs/AMNC10/WEF_AMNC10_EN_SessionSummaries.pdf.

Wikipedia

{{cite report |author=World Economic Forum |title=ANNUAL MEETING OF THE NEW CHAMPIONS 2010 |date=2010 |url=http://www3.weforum.org/docs/AMNC10/WEF_AMNC10_EN_SessionSummaries.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldeconomicforum2010annual, author = {{World Economic Forum}}, title = {{ANNUAL MEETING OF THE NEW CHAMPIONS 2010}}, institution = {World Economic Forum}, year = {2010}, url = {http://www3.weforum.org/docs/AMNC10/WEF_AMNC10_EN_SessionSummaries.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }