At Davos, TotalEnergies CEO Urges EU to Safeguard Its Green Sector

During a recent event in Davos, Patrick Pouyanné, the CEO of TotalEnergies, urged the European Union to enhance protections for its green industries in the face of competition, particularly from China. He highlighted the urgency of safeguarding the green sector as the EU strives for carbon neutrality by 2050.

Pouyanné emphasized that the European Green Deal—aimed at fostering green growth and achieving carbon neutrality by mid-century—relies heavily on a substantial investment in renewable energy. However, he expressed concern that unfair competition is undermining the sector in Europe.

Addressing attendees, including Maros Sefcovic, Vice President of the European Commission for the Green Deal, Pouyanné provided specific examples such as sustainable aviation fuel (SAF) and solar panels.

“Currently, I’m investing in factories in Europe to produce SAF, yet I’m facing imports from China that come at a significantly lower cost than what I can produce here. I don’t feel protected,” he stated.

He also pointed out that American manufacturers of solar panels benefit from substantial support through the Inflation Reduction Act (IRA) enacted during Joe Biden’s administration.


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