India, China leading energy transition, says COP30 president

India and China will be major markets that will lower the price of energy transition globally because both countries have embraced this transition in a very clear way, COP30 President, André Corrêa do Lago said on Monday, the opening day of COP30.

- Jayashree Nandi

Responding to a question on the role China is assuming in the climate talks during a press conference, Lago said: "In an extraordinary way because they (China) added the elements that I believe were missing. One of them is scale, the other is technology and the other is the fact that a developing country needs to bring solutions that are affordable to more people. So I don't need to say how important China has become for EVs, for solar panels, for wind, for batteries, but I think that there is also a consequence of that, which is quite important to stress is that thanks to their scale, by lowering the price of all these essential elements in the transition, they are at the same time doing an amazing job of cooperation, international cooperation, because if the solar panel now has cost 90% less