#China #Shanghai #COP29 #Tuya Smart #Zero Carbon

Tuya Smart Advocates a Zero Carbon Future at COP29

On November 16, 2024, Tuya Smart took significant strides in promoting a sustainable future by participating in a key event held at the China Pavilion of COP29, titled "Dialogue with the World: Building a Sustainable Ecosystem for a Zero Carbon Future." This event not only highlighted the importance of energy transformation but also introduced technological innovations aimed at enhancing green supply chains.

The gathering attracted influential figures and experts from around the globe, who engaged in fruitful discussions regarding environmental sustainability. Liu Zhenmin, China's Special Envoy for Climate Change, and other notable speakers, including Wang Shi, Founder of Vanke Group, set the tone for conversations that emphasized innovative solutions and international collaboration to tackle climate change. John Cotton, representing the United Nations Office for Project Services, stressed the importance of supply chain cooperation in achieving significant energy transitions.

One of the prominent themes of the event was the emergence of new productive forces aligned with sustainability goals. With delegates from numerous countries, the session served as a platform for participants to share visionary ideas that aim to position them as advocates for a greener future. Wang Shi discussed how technological advancements and partnerships between nations like China and Indonesia serve as benchmarks for fostering sustainability along the Belt and Road Initiative. He called for collaborative efforts to establish a robust framework for green development.

Eva Na, the Vice President of Marketing and Strategic Cooperation at Tuya Smart, delivered an insightful keynote address shedding light on Tuya's innovative "Smart Decarb" initiative. This initiative utilizes smart technology to empower both businesses and households in adopting climate-friendly practices. According to Na, "Tuya stands at the convergence of the smart and green technology revolutions." By integrating AI into diverse applications, Tuya is not just advocating but actively facilitating the shift to greener solutions. Na emphasized that smart technology plays an essential role at every phase of the energy chain, enabling public involvement in achieving a truly zero-carbon future.

Additionally, Christian Déséglise, from HSBC Group, touched on the financial aspect of the energy transition, declaring it the "future economy." He highlighted the array of market opportunities this transition presents for businesses, stating that HSBC plans to allocate between $750 billion and $1 trillion towards supporting green transformations by 2030. This commitment underscores the financial sector's pivotal role in fostering sustainable practices.

Attendees were particularly intrigued by the mature solutions presented by smart technology-driven enterprises. For instance, Tuya's cutting-edge smart energy management system sparked significant interest, especially among energy companies spanning various regions. Tuya’s Home Energy Management System (HEMS), implemented in Singapore, showcased how households could reduce their energy consumption, with some achieving savings of up to 50%.

With urgency surrounding the global challenge of reducing carbon emissions over the next three decades, the event shed light on how smart technologies can unlock remarkable and accelerated carbon reduction opportunities. The China Pavilion at COP29 prominently placed tech-driven energy transformations at the forefront, delivering valuable insights into the energy sector's future possibilities.

As Tuya Smart continues to champion innovation and cooperation, the company aims to harness momentum toward providing supportive technology and an open eco-system for worldwide energy transitions. By promoting localized energy solutions and collaborating with partners globally, Tuya is committed to advancing global climate action, thereby contributing to a greener and more sustainable future. Through initiatives like the "Smart Decarb," Tuya is determined to empower individuals and businesses alike in their journey toward sustainability, paving the way for a zero-carbon era.

In conclusion, the participation of Tuya Smart at COP29 illustrates the vital role technology and collaboration play in addressing the pressing climate challenges of our time. As various stakeholders rally around common goals, there is hope that a sustainable and resilient future can be realized through collective efforts and innovations in the energy sector.