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How does Europe balance AI and energy transition?
“I can tell you Europe is absolutely committed to tackling climate change, to developing this green economy, and to making the green transition a European success,” said Nadia Calviño, President of the European Investment Bank.
The rollout of artificial intelligence has raised big questions about how it will impact Europe’s transition to a more sustainable economy. During a Global Stage livestream at the World Economic Forum in Davos, Calviño stressed the continent’s role in addressing risks generated by AI. She said, “I think it will be key when we're talking about these technologies that have such a huge demand for energy supply.” Alongside countries being energy-conscious, Calviño stresses that building strong trust between businesses and citizens will help the new technologies “unleash their full potential.”
This conversation, moderated by Becky Anderson, was part of the Global Stage series at the 2025 World Economic Forum in Davos, Switzerland, presented by GZERO in partnership with Microsoft.
Click to watch the full discussion for our panel's insights on AI's future and how it is expected to transform our economy and society by 2030.
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AI in 2025: The "new electricity" could create huge economic growth
Artificial intelligence is no longer a distant vision of the future—it’s here, and it’s transforming the way we live, work, and innovate. At the 2025 World Economic Forum in Davos, Switzerland, our Global Stage panel brought together some of the world’s brightest minds to discuss the profound impact AI could have on global growth, society, and infrastructure.
Our thought-provoking panel discussion, moderated by Becky Anderson, Anchor & Managing Editor of CNN Abu Dhabi, featured Ian Bremmer, President and Founder of Eurasia Group and GZERO Media; Nadia Calviño, President of the European Investment Bank; Ngozi Okonjo-Iweala, Director General of the WTO; Brad Smith, Vice Chair and President of Microsoft; and Peng Xiao, CEO of G42. They shared unique insights into the opportunities and challenges of the AI revolution.
We’ve entered a new phase of the AI conversation, moving beyond debates over whether it will save or destroy humanity. Instead, the focus has shifted to the ways this powerful technology, when used correctly and ethically, can enhance human life. From revolutionizing healthcare and expediting scientific breakthroughs to creating infrastructure investment opportunities, AI holds the potential to contribute up to $20 trillion to global GDP over the next five years.
Geopolitical competition is also heating up. While the US-China rivalry dominates headlines, the Middle East—particularly the UAE—is emerging as a significant player in the AI space with increasing investments and innovations.
As Microsoft's Brad Smith noted during the expert panel discussion, AI could become as essential as electricity. However, ensuring its benefits are equitably shared across all societies is vital. Achieving this requires collaboration between governments, multilateral organizations, and private sector leaders.
Watch the full discussion now for our panel's insights on AI's future, and how it is expected to transform our economy society by 2030.
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From Davos: Watch our Global Stage discussion on the AI economy
At this year's World Economic Forum in Davos, Switzerland, our Global Stage panel discussion, "The AI Economy: An Engine for Local Growth", will examine AI’s growing global impact, the potential for enormous benefits to society, and the investments necessary to ensure equitable diffusion and adoption of AI tools. As artificial intelligence continues to reshape economies, its potential to drive massive growth is undeniable. The International Data Corporation (IDC) estimates that through 2030, AI will contribute $19.9 trillion to global GDP and drive 3.5% growth. However, realizing this potential requires careful attention to how and where AI expands, and who is included in its growth.
Watch the live premiere now at gzeromedia.com/globalstage.
Participants:
- Ian Bremmer, President and Founder, Eurasia Group and GZERO Media
- Nadia Calviño, President, European Investment Bank
- Ngozi Okonjo-Iweala, Director General, World Trade Organization
- Brad Smith, Vice Chair and President, Microsoft
- Peng Xiao, CEO, G42
- Becky Anderson, (moderator) Host of CNN Connect and Managing Editor of CNN Abu Dhabi
This livestream is the latest in the Webby-nominated Global Stage series, a partnership between GZERO and Microsoft that examines critical issues at the intersection of technology, politics, and society.
Live premiere: Wednesday, January 22 at 11 AM ET/ 5 PM CET
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