Sunday, May 24, 2009

Ericsson's CEO addresses World Business Summit on Climate Change

"A large scale offsetting of CO2 emissions will require new ways of conducting business and new ways of living, and will also require large scale investments in Information and Communication technology (ICT).

This sector could offset societal CO2 emissions by as much as 15 percent by 2020," commented Ericsson's CEO Carl-Henric Svanberg. In support of the UN Global Compact Caring for Climate initiative, Ericsson's CEO Carl-Henric Svanberg addressed UN Secretary Ban-Ki Moon at an official meeting in Copenhagen. Ericsson believes this figure of 15% to be conservative. "We must move away from dealing with emissions after they have already occurred, and focus instead on moving ideas, not people, with broadband being society's new highways."

Mr. Svanberg also spoke at the first plenary session of the World Business Summit on Climate Change, addressing industry and government leaders.

See also