Group 1: Conference Overview - The 2025 Sustainable Global Leaders Conference will be held from October 16 to 18 in Shanghai, focusing on "Collaborating to Address Challenges: Global Action, Innovation, and Sustainable Growth" [1] - The conference is co-hosted by the World Green Design Organization (WGDO) and Sina Group, with support from the Shanghai Huangpu District Government [1] - Approximately 500 prominent guests, including 100 international attendees, will participate, featuring politicians, Nobel laureates, and leaders from Fortune 500 companies [1] Group 2: Industry Insights - Building energy consumption accounts for 30% of global energy use, making it a critical area for urban low-carbon transformation [4][6] - Otis, as a leader in the elevator industry, aims to unlock significant decarbonization potential in the industrial sector through infrastructure upgrades [4][8] - There are over 20 million elevators in operation globally, with 7 million nearing the end of their lifespan, indicating a substantial decarbonization opportunity in urban infrastructure [4][8] Group 3: Technological Innovations - The adoption of second-generation elevators with region drive technology can reduce energy consumption by 75% compared to traditional hydraulic systems [8] - The integration of IoT, machine learning, and AI in third-generation elevators enhances operational efficiency and energy savings [8] - The collaboration between private innovation and public policy is essential for achieving net-zero goals, with China exemplifying this integration [8][9] Group 4: Government Support and Market Trends - Government financing mechanisms are facilitating the large-scale upgrade of old elevators, with an estimated 100,000 units expected to be replaced this year [9] - The current trends indicate that cash-strapped buildings will constitute 80% of the building stock by 2050, emphasizing the importance of energy-efficient technologies [9]