00:04The International Renewable Energy Agency is a United Nations adversarial body for governments worldwide to help them with the transition
00:12to the new energy economy.
00:15The energy transition is the project of the century and is in fact the transformation of our industrial structures.
00:22We assume that 60% of global investment in the energy transition will take place in Asia and 40%
00:29of that in China.
00:36The new industry is experiencing a rapid upswing.
00:41Everywhere, as here in China, large solar parks are being built,
00:45whose respective capacity compared to old energy systems is now often equivalent to that of a nuclear or coal-fired
00:52power plant.
00:53It takes sort of a coordination on massive scale.
00:57There's still a lot of so-called bump in the road as you transition so completely to a carbon-neutral
01:06economy.
01:08It's simply a fact that we're going to need a whole lot of new technologies because we lost any room
01:13to manoeuvre
01:14due to the lack of climate action over the past 15 years.
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