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Notable quotes from the Reuters Next conference

World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala speaks during an interview for Reuters Next, ahead of the 12th Ministerial Conference (MC12), in Geneva, Switzerland, November 25, 2021. Picture taken November 25, 2021. REUTERS/Denis Balibouse

December 1 (Reuters) – Reuters Next is hosting three days of interviews, panels and presentations with more than 150 world leaders to discuss the biggest business, social and environmental challenges of the coming year.

Here are some notable quotes from the first day of the December 1-3 conference.

To watch the Reuters Next conference, please register here https://reutersevents.com/events/next/

KATE BINGHAM, FORMER HEAD OF THE UK VACCINE WORKING GROUP

“It’s not something you can do overnight, but we’ll get data, I would have thought in a week to see if the vaccines are working or not (against the Omicron variant of the coronavirus) or not.”

STACEY ABRAMS, AMERICAN DEMOCRATIC POLITICIAN

On Congress Passing Two Key Bills To Protect Voting Rights: “I remain very optimistic that we can get these bills passed. But that means we need to keep talking about them. And we must continue to amplify the real effects of these laws. “

JENS STOLTENBERG, SECRETARY GENERAL OF NATO

On Russia’s use of force against Ukraine: “We have all said very clearly that there would be a high price to pay and that sanctions are one of the options. I think it is enough obvious that Russia already knows that it will pay a higher price. “

PASCHAL DONOHOE, HEAD OF THE EUROGROUP OF MINISTERS OF FINANCE OF THE EURO ZONE

“I am confident in our ability to maintain a strong recovery next year. I hope we can avoid these public health measures (public coronaviruses) again. I am also confident that we can allow consumption and the investment to take place in parallel if they were to happen, ”he said.

CARINE SMITH IHENACHO, CHIEF GOVERNANCE AND COMPLIANCE, NORWAY’S SOVEREIGN WEALTH FUND

“We have for a long time focused on better corporate disclosure… Now we focus more on stocks. So now you need to move from numbers to action, concrete steps that companies are taking to meet expectations. “

SEBASTIAN SIEMIATKOWSKI, CEO, KLARNA

“I just hope for Klarna that by the time we go public there is a pretty strong reputation for the company… as you may have seen with someone like (Tesla Inc TSLA.O CEO Elon) Musk or (Amazon .com Inc AMZN.O founder) Jeff Bezos, where it’s almost like no one is reading these quarterly reports, ”he said.

CARLOS TAVARES, CEO, STELLANTIS

Under pressure to accelerate the transition to electric vehicles: “What has been decided is to impose electrification on the automotive industry which brings 50% additional costs compared to a conventional vehicle. We cannot transfer 50% of additional costs to the end consumer. because most of the middle class will not be able to pay. “

KYRIAKOS MITSOTAKIS, PRIME MINISTER OF GREECE

“I expect the rules of the existing Stability and Growth Pact (of the European Union) to be changed, taking into account the lessons of the financial crises and also of the pandemic.”

NGOZI OKONJO-IWEALA, HEAD OF THE WORLD TRADE ORGANIZATION

“I think (the reform of the WTO) will be very difficult due to the lack of trust among the members.

“It is absolutely important that we support multilateral trade and not take it for granted.”

VALDIS DOMBROVSKIS, EXECUTIVE VICE-PRESIDENT OF THE EUROPEAN COMMISSION

“It can be said that this year has indeed been a watershed year for EU-US trade relations.

“There are clearly things to watch out for, but what I can say is that we are now engaging constructively, so I am confident that we are in a position to resolve any issues or concerns that lie ahead.”

THOMAS SCHMALL, MEMBER OF THE VOLKSWAGEN BOARD OF DIRECTORS

On the European battery cell factories planned by VW: “We are talking about around 25 to 30 billion (cost, in euros) … including the vertical chain of raw materials, not just the factories.”

On carbon neutrality by 2050: “And that brings us into this closed loop and, hopefully, you show that we take care from the start, from the first step, from the extraction process, to being sustainable. , down to the last point of battery life and car life and recycling. “

YAT SIU, PRESIDENT AND CO-FOUNDER OF ANIMOCA BRANDS

“One way to describe the growth of the metaverse is a bit like China’s growth 30 years ago, in a more limited way.

“Maybe people didn’t understand it, but you could see the growth factors that make China work: population growth, industry growth, all that stuff. The metaverse is the equivalent. “

“What Facebook is doing with the meta …

“Until then, it’s just Disneyland. It’s a beautiful place, but we probably don’t really want to live there. It’s not the kind of place where we can actually start a business.”

LORENZO BERTELLI, PRADA MARKETING MANAGER AND DESIGNATED HEIR

“The second hand (fashion) is a strategy that we have been studying for over a year. I cannot reveal too much but it is sure that the second hand is there. We will take advantage of it as an opportunity.

“It can be a partnership with an actor or it can be something more internally, or both, a kind of hybrid solution like in e-commerce.”

FALGUNI NAYAR, FOUNDER AND CEO OF INDIAN COSMETICS-TO-FASHION NYKAA RETAILER

“The store expansion process had slowed due to the pandemic (COVID-19) for about a year. But this year, we relaunched the deployment of our stores.

“(A lot of Indians) haven’t bought their first watch, first car, first house yet – I think India is in a very different situation than other developed economies.”

ANDRE DE RUYTER, CEO OF SOUTH AFRICAN STATE UTILITY ESKOM

On abandoning coal: “I hope we can persuade people to come and set up factories here, to build components for renewable energy, which will create jobs which will create a demand for electricity, which will transform this challenge. that we currently have in a vicious cycle descending into a virtuous ascending cycle. “

SOPHIE GOOSSENS, PARTNER AT REED SMITH SPECIALIZING IN TECHNOLOGY AND MEDIA LAW

“The type of rights granted to you over the digital ownership of an NFT is slightly different. You may not have the right to fully control the asset you own as an NFT.”

NATALIE JOHNSON, FOUNDER OF NEUNO, A NEXT WALK FOR THE NFTS FASHION BRAND

“You don’t have to be a hardcore gamer to embrace and play with this new technology. It will be for everyone.”

JOHN MOORE, PROFESSOR OF MICROBIOLOGY AND IMMUNOLOGY AT WEILL CORNELL MEDICAL COLLEGE IN NEW YORK

“It’s no coincidence for most of us that (the Omicron coronavirus variant) has appeared in sub-Saharan Africa, where you have a lot of underdiagnosed HIV infections, or people who are immunocompromised.

“This is how the other variants are thought to have arisen – in people who are immunocompromised.”

WINNIE BYANYIMA, EXECUTIVE DIRECTOR UNAIDS

“We expect that in the coming years we may see more deaths (HIV / AIDS), we may see more new infections as a result of these disruptions (COVID-19 pandemic).”

MEG TAYLOR, FORMER SECRETARY GENERAL OF THE PACIFIC ISLANDS FORUM

On the US-China rivalry in the Pacific: “Everyone has to pay prices. I see that starting to emerge now with the bases – the United States is now going to establish bases throughout the region. “

On the COP26 climate talks: “I just expected countries to be much more progressive, especially with the threats to the Pacific.”

ANOTE TONG, FORMER PRESIDENT OF KIRIBATI

“I don’t think the world community has ever fully understood what we are facing with the impacts of climate change. It is an existential threat.”

WALTER SCHALKA MANAGING DIRECTOR OF THE BRAZILIAN PULP AND PAPER MANUFACTURER SUZANO

“Climate change is something we can no longer procrastinate on. The way forward for the future will be a regulated global carbon market. “

TORBJØRG FOSSUM, GLOBAL CCS SOLUTIONS VICE PRESIDENT AT EQUINOR

“Today there is a gap between what it costs to emit (the) CO2 and what it costs to implement CCS (carbon capture and storage). We believe that this gap will be closed. within 10 years. “

“We believe that there is a potential for equilibrium at 100 euros per tonne.”

Our Standards: Thomson Reuters Trust Principles.

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