Table of contents
About the talk
Global emissions of carbon dioxide remain on course to rise above 1.5°C despite clear and present risks. How can business and government work together to accelerate the fast and far-reaching changes this goal requires? This session was developed in partnership with the New York Times. This session contributes to the work of the Forum’s Alliance of CEO Climate Leaders, Mission Possible Platform and the Natural Climate Solutions Alliance.
The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
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08:20 Giving up the fight?
10:55 China’s response to Greta’s words
13:40 Carbon neutral by 2050 – why so long?
17:10 Climate change in Chad
21:50 Politics and climate
24:54 People who have no electricity
28:58 Reducing the fossil fuel consumption for business
30:58 One trillion trees project and the role of the nature
34:50 The developing world
39:31 Nuclear power
43:35 The thing to do to avoid climate apocalypse
Greta Tintin Eleonora Ernman Thunberg FRSGS (Swedish; born 3 January 2003) is a Swedish environmental activist who has gained international recognition for promoting the view that humanity is facing an existential crisis arising from climate change. Thunberg is known for her youth and her straightforward speaking manner, both in public and to political leaders and assemblies, in which she criticizes world leaders for their failure to take sufficient action to address the climate crisis. Thunberg's activism started after convincing her parents to adopt several lifestyle choices to reduce their own carbon footprint. In August 2018, at age 15, she started spending her school days outside the Swedish parliament to call for stronger action on climate change by holding up a sign reading Skolstrejk för klimatet (School strike for climate). Soon, other students engaged in similar protests in their own communities. Together, they organised a school climate strike movement under the name Fridays for Future. After Thunberg addressed the 2018 United Nations Climate Change Conference, student strikes took place every week somewhere in the world. In 2019, there were multiple coordinated multi-city protests involving over a million students each. To avoid flying, Thunberg sailed to North America where she attended the 2019 UN Climate Action Summit.View the profile
Ma Jun began his career in 1993 working for the South China Morning Post, where his research on China’s environmental problems spurred him to publish the 1999 book China’s Water Crisis. In 2004 he was selected as a Yale World Fellow. Upon returning to China, Ma Jun founded the non-profit organization the Institute of Public & Environmental Affairs (IPE) in Beijing in 2006. As Director of IPE, Ma Jun led the development and launch of China’s first environmental public database, the Blue Map, with website and mobile app platforms. The Blue Map collects air, water and soil quality data from across the country, as well as pollution source information that provides a foundation for green credit and green finance systems. The Green Choice supply chain program he and colleagues initiated has motivated more than 3000 suppliers of major global and local brands to openly address their violation problems. In 2006, he was awarded as China’s “Green Person of the Year” and was named as one of TIME Magazine’s World’s 100 Most Influential People. Ma was also honored with the Magsaysay Award in 2009 and Goldman Prize in 2012 for his environmental protection work in China, as well as the 2015 Skoll Foundation Award for Social Entrepreneurship for his innovative approach to “lifting the veil” on China’s pollution problems.View the profile
Expert in the adaptation and mitigation of indigenous peoples to climate change. Member of the Mbororo pastoralist people in Chad and President of the Association for Indigenous Women and Peoples of Chad (AFPAT); advocates for the greater inclusion of indigenous people and their knowledge and traditions in the global movement to fight the effects of climate change. Advocacy for Indigenous communities and commitment to integrating indigenous knowledge with Western science to create a healthier planet has led to numerous honours, including winning the Pritzker Emerging Environmental Genius Award, appointment as a UN Sustainable Development Goals Advocate; serving as a Member of the UN Permanent Forum for Indigenous Issues; Member of the Indigenous Peoples of Africa Coordinating Committee (IPACC); Member of the Advisory Committee to the Secretary-General’s 2019 Climate Action Summit, and Conservation International Senior Indigenous Fellow. 2019, listed by Time Magazine as one of 15 women championing action on climate change; TEDWomen talk on climate change will be released in early 2020.View the profile
Studied business administration, University of Cologne; MBA, NYU Leonard Stern School of Business. Started career with McKinsey & Company in New York; then in Germany; 1998, took over McKinsey’s German insurance practice; 2003, Director in charge of the firm’s European insurance and asset management sector. With Allianz: 2008, Member of the Board of Management and Global Chief Operating Officer; September 2009, Chief Financial Officer; from January 2013, responsible for Insurance Western and Southern Europe and Global P&C markets; since May 2015, Chairman of the Board of Management.View the profile
Welcome to the biggest climate session at Davos averting a climate apocalypse. I'm Rebecca blumenstein Deputy managing editor of the New York Times. This is already been a moment to stay and this is a very critical discussion to have now. It's been a prominent a year of prominent headlines on climate our job at the times. It's a show is not just to write it the Australian fires consumed an area larger than the size of the entire state of West Virginia and smoke from the fires with seeing even until a S-Pen record heat drought
flooding. It is not been officially confirmed that the past decade was the hottest on record. 20/20 is an absolutely pivotal year for our world climate summer even calling it The Year of Truth 5 years after the Paris Accord governments need to reset their goals and visit are finally and quickly talking about setting goals. We're running out of time to limit warming to 1.5 degrees and to avoid 2° scientists. Say we need to keep warming below 1.5 to avoid the very worst impacts on all of us and the more we delay the harder it becomes
we have top voices from across the world to discuss the urgency of the situation and next steps. But we are going to start with the word some Greta tuneberg who made headlines around the world last year by staying here at Davos that our house is on fire. I am so honored to welcome her to the stage. One year ago. I came to divorce and told you that our house is on fire. I said I wanted you to panic. I've been warned that telling people to panic about the climate
crisis is a very dangerous thing to do. Don't worry, it's fine. Trust me. I've done this before and I can assure you. It doesn't lead to anything. And for the record or with children Kelly to panic, we're not telling you to go on like before. When telling you to rely on technologies that don't even exist today at scale and the science says perhaps never will. We are not telling you to keep talking about reaching zero emissions or carbon neutrality by cheating and fiddling around with numbers. We're not telling you to offset
your emissions by just paying someone else to plant trees in places like Africa while at the same time Forest like the Amazon are being slaughtered as an infinitely higher rate. Planting trees is good, of course, but it's nowhere near enough of what is needed and it cannot replace real mitigation and rewilding nature. Let's be clear. We don't need a low-carbon economy. We don't need to lower emissions automations have to stop if you are to have a chance to say below the 1.5 degree Target. And until we have the technologies that eskayel
can put our emissions two- that we must forget about NetZero. We need real zero. Because distance Net Zero emission targets will mean absolutely nothing if we just continue to ignore the carbon dioxide budgets that applies for today not distant future dates. Is high emissions continue like now even for a few years that remaining budgets will soon be completely used up. The fact that the USA is leaving the Paris Accord seem to outrage and worried everyone and it should.
But the fact that we are all about to fail the commitments you signed up for in the Paris agreement doesn't seem to bother the people in power even the least. Any planner policy of yours that doesn't include radical remission cats at the stores starting today is completely insufficient for meeting me the 1.5 or well below 2° commitments of the Paris agreement. And again, this is not about right or left. We couldn't care less about your Party politics from sustainability perspective the rights the left as well as the center at Old failed.
New political ideology or economic structure has been able to tackle the climate and environmental emergency and create a cohesive and sustainable world. Because of that world in case you haven't noticed is currently on fire. You say children shouldn't worry. You say just leave this to us. We will fix this. We promise we won't let you down. Don't be so pessimistic and then nothing silence or something worse than silence empty words and Promises which give the impression that sufficient action is being taken.
All the solutions are obviously not available within today's societies nor do we have the time to wait for New Technology Solutions to become available to start drastically reducing on emissions. So, of course the transition isn't going to be easy it will be hard and unless we start facing this now together with old cards on the table. We won't be able to solve this in time. In the Days running up to the 50th anniversary of the world economic Forum. I joined a group of climate activists demanding but you the world's most powerful and influential business and political leaders
begin to take the action needed. Wheaton mall and at this year's World economic Forum participants from all companies Banks institutions and governments immediately holds all investments in fossil fuel exploration and extraction the end old fossil fuel subsidies and immediately and completely divest from fossil fuels We don't want these things done by 2050 year 2013 or even 2021 we want this done now. It may seem like we are asking for lots and you will of course say that we are naive. But this is just the very minimum amount of effort that is
needed to start the rapid sustainable transition. So either you do this we are going to have to explain to your children why you are giving up on the 1.5 degree Target. Giving up without even trying. Well, I'm here to tell you that's unlike you my generation will not give up without a fight. The facts are clear, but they are still too uncomfortable for you to address. You just leave it because you just think it's too depressing and people will give up.
The people will not give up you are the ones who are giving up. Last week I met with Polish coal miners who lost their jobs because they're mine was closed. And even they had not given up on the country. They seem to understand the fact that we need to change more than you do. I wonder what will you tell your children was the reason to fail and leave them facing a climate chaos that you knowingly brought upon them. but it seems so bad for the economy if we decided to resign the idea of securing future living conditions without even trying
Our house is still on fire. Your inaction is fueling the Flames by the hour. And we are telling you to act as if you loved your children above all else. Thank you. Thank you credit for those stirring and provocative words in for your leadership on this issue. I am going to start by asking our panelists number of questions. We also want to open it up to you by the end of the session and if you could please join us at wef. CS backslash vote. We will also get you registered because we'd like to take a couple polling questions in the middle of the section as well. I'd like to start
with U. China is by far the largest eating better on Earth. And what would your response be too? Great of what will it take for China to really emerged as the leader on this issue even probably without to us it has helped to a vastly increase. Public awareness globally, I think the public must play a vital role, you know, if we want to avert a climate crisis and this is quite evident in China during these tough economic development in China just like in the west are fossil fuel consumption increased
from the year 2000 to 2011 just 11 years. Our coal consumption have been tripled burning half of the word call and the original projection is for that volume to be doubled before we pick by 2040 thinking about this is a going to not sustainable at all and a Chinese people in our citizens made their boys her to you know, what when Beijing and the surrounding region has suffered from lawn scratch offs muggy days, the ammonia clean are millions of citizens on social media and then the government responded to buy started
monitoring and disclose PM 2.5. Haven't done roll out a national clean air action plan and I'm happy to report, you know, it's true oldest public-private partnership during the past seven years Beijing PM 2.5 billion dollar fine particles concentration have dropped from 90 micrograms to 42 last year. So more blue skies and during the process the toughest issues of call, you know, what time is coal consumption increase that being brought to a abrupt stop last seven years, not much increase at all stagnated, but that's not enough in our
mission have not been accomplished there still burning House of Lords call and we need to do more but now at this moment, you know, we're facing the economic downturn locally and globally were facing the creek war and also the school by the US government from the Paris agreement over these are not helpful. So we need to find innovative solutions which you know, Topping to the market power which Cabela's growth and protection but oldest need people to join the efforts. So with that I truly salute the efforts to raise public awareness is
one of the world's largest insurer isn't in September along with the United Nations launched a zero a net-zero Alliance, which is basically encouraging managers and some of the biggest funds to reduce their to be carbon neutral by 2050 and it feels so, you know to Greta's Point. Why does it take so long 2050 is 50 years from now. But it's still too long. So I fully Sherry Aldridge have a 19 year old daughter was asking asking me the same question every day. We heard part of the
answer just now, but I want to be a little bit more optimistic. We have to be between LaGrange and optimism. I cannot get up every morning just be outraged. I have to run a large institutional and still arts institute on Western Europe probably have to do something. So we're trying to connect to Optimum and the outrage by doing stuff practically and financial markets have been very weak and supporting investors very weakened and supporting the the transition. There was personally in Paris five years are going to have to admit that. I think we have much higher Ambitions than what has been
achieved. But I would like to point out one simple thing is the first time that business is leading and governments are behind in the pocket was always government is demanding business to change business models. And then we had to adopt today. Unfortunately, I believed that governments are behind the curve. Guy that I can only speak for my own country. We always talk about the plants when we would get out of cold, but we're discussing dates. We're not discussing action. And what we're trying to do is put real action behind now, you can debate the 250 but the reality is we started
with 2.4 trillion u.s. Dollars committed to go NetZero. We have nothing before probably by the end of the week. We will have more than doubled it and not once we are on the track we can talk about acceleration. But all of this sorry to say we need to move from outrage also to science we need to do practical things to say, how do we actually address it but I also would say without proper support of the government's particular in the United States in China and India, which is also planning to massively increase coal emissions going to explode
the pressure that we can and we work everyday to make it faster, but there's a limit to what you can do. So just do it just to repeat that you're trying to get a doubling of the commitments this week at Davos buy a meeting with various. And that's the most amazing thing. I found out over the last year that we can convince Ray strong acid owners cowperson others that have led the way in the United States Pension Denmark in Scandinavia is always with us our colleagues from
Oksana. We're committed the most amazing thing is that the seven Wells found Often by countries that have huge carbon issues have not yet signed up. So we need to make sure you know, the Norwegians need to send that we need to get the Japanese and Love by the way, the Chinese government institution their pension money can be invested so we could mobilize trillions and trillions more into the right direction acceleration, but first they need to commit and then we speed up. Hindu you come from Chad, which is first-hand experience in the impacts of climate
change. And you also serve on the the board for the tropical First Alliance. Can you talk about climate change and how it's how it's affecting the people in Chad and and really the the enthusiasm in Bolinas for them to play a very big role and what needs to happen. So starting just to buy what's the greatest hit our house is bunny. She said that the beginning and at the end talk for the banding. It's not just a like a language of his patient is our real home. That's bad because
indigenous people from all over the world can be from chat from Amazon are from Indonesia, depending from this forest with our food our messing with our Pharmacy on education. Chat, and especially my community who are the Pastoral is Katherine helmond still nomadic depending from the end of the month depending from the rainfall in the climate impact. It's in our environment in our social life environment when they become a shark with a class with a drought who can follow in dry up or our foot so that lead to the
community to fight among themselves just to get the access of this requested that shrinking this is today. This is our reality when 4X is Barney in Australia in Amazon. It's far as the disappearing back in my region is Sahel, its people that dying dying because of the climate change losing them life about the seizure and that's also when people About 50 20 50 for me. I'm like really seriously by 2050. There's no solution for this planet. We need it now.
So when you hear about the migration could become more and more the migrant get to get access to this pussy. And that's also what happened last month in Burkina Faso in Maui in Nigeria and going on and on the people who live in harmony among themselves between astralis in pharmacy now on the exciting the nature who protect our enemy for the people, that's how we are experiencing everyday induction the social life of man and woman together and we get morbid impacted CVS. So the
action I think sleep And that's also why. Company assets good chainsaw. I think it's good. But are we acting now every acting for the real people if we are doing it? Yes. Stop don't talk about zero-net by 2050 talk about acceleration today change your policies change your business because for we are already getting to get it and other let me tell you why the shortly because individuals people around all the work. We have the wisdom. We had the most impacted but we end this and this nature will develop the knowledge we get adapt and we
know how to restore this Forest who are burning and look at the news in Garden where they're saying the indigenous peoples of Australia are the two of the woman protecting them land because they know how to keep the fire away is the cast of all indigenous peoples a grandmother from Pacific. She know where to get the clap after the hurricane to hit to fit her family at my uncle and auntie. When did move the know how to restore the ecosystem so business need us because we had a procedure. We had the solution at indigenous people. So you need to listen from Atlanta from
and get your business sustainable. You cannot kill your partner's because for as the nature is our part will be protected and for you you need to protect your business and listen to ask me help you to do that. Glad to hear the president of the Rockefeller foundation and also work in the Obama Administration where you were known for working with both Democrats and Republicans. Is there any hope for climate not being a partisan issue is is Freddy said she doesn't really care about politics. But but
that's usually how it plays out. I think they're absolutely is there. I'm so glad that Hindu just gave us that passionate description of how climate change affects people and lives today right now not in the future not only in the future and I think that's perhaps the key to getting out of a political debate about climate change and getting to practical Solutions. I've had the experience of walking on farms in Ethiopia with famous climate deniers from the United States Congress. And when they talk to Farmers who are growing food to feed their family barely getting by
and they recall the past famines in Ethiopian what that was like and they hear these farmer say every year. Hotter, it gets drier rainfall becomes more erratic and we Face a longer. Of food insecurity on a regular an annual basis. You can't argue with that and that's not about a debate. That's something that is the felt experience of hundreds of millions of people and in fact climate change today, there's brunt it's brunt mostly on the bottom two billion people on the planet and so our commitment to Paris our commitment to be serious and Urgent and
taking actions to meet those targets is not just about protecting the future. It is also about protecting today people who rely on climate environment and those natural resources to survive and to thrive at the Rockefeller Foundation. We support 15 million farmers in Africa with improved technology and financing and we see everyday practical solutions. That should be free from political debate. We know that there are it's not future technology. The current crops and access to fertilizer and access to services that can help farmers move their communities out of food insecurity.
We just a few months ago launched the billion-dollar joint venture with Tata power in India to bring renewable solar microgrid energy to communities that frankly the government says they're connected to electricity but they're not they get a few hours a day and they can't grow their communities. That way we now with solar technology and improve batteries and Storage Solutions can provide Power at a lower cost fully loaded than any coal chemical plant connected to a grid connected to extension into those rural communities. It's a fallacy to believe that solving climate change
has to trade off with the living standards and improved living aspirations of the world's 2 billion poorest people and I think in that space we ought to be able to find really practical bipartisan Solutions. Solve both challenges climate and poverty are going to be able to to not rely on fossil fuels is there like a little bit of a reality check that we need in terms of what how we how we help those people carry the responsibility of those who have not, you know taking China
example, you put it quite correct. We're by far the largest meter in the world. This is a result of China being the factory of the word increasingly when manufacturing for to meet our Rising demand. But in the meantime, we're still manufacturing 4 for many parts of the word and all those expert export to carries a lot of embedded carbon and pollution and 2007. We launched the green Choice initiative when we About the factory performance in China and the front many of them are major suppliers to those calobo grand day-today consumption and
during the past 10 years many of them started responding and they have started motivating thousands upon thousands to change Behavior having said that many they are there many business which are not doing that where fracking 439 France and modem 300 are not really want to even take a look at those are violation records. We have 1.5 million 1.6 million records of violations compiled in our database. But if they compare the list they can easily identify the problem but many brands with not many
percentage would not take a look at that. I'm more recent sway, you know, the ring Finance policy in China happy neighborhood, you know after you know, we response to that and developed a dynamic environment. Call credit rating system and 6 Min in factories can give Dynamic ratings. And there are so many who playing that they want to go. ESG investment many are making having this man in China. We've tracked to some of the portfolio. They're not or clean their oldest data available men. Are you really doing that? They are this old is
ESPN3 carbon emissions meaning the supply chain supply chain usually account for a mission account for 60-70. Sometimes 80% of the total carbon emission. If we don't integrate that into the action, if we don't distribute that to factory of the word like China and of course now too many other developing countries then Paris agreement we are We won't be able to achieve that by far the largest Mission East during the manufacturing process and those dirty work those having duties to being carried by China now and some other
countries going to take to get over this time. We want to stop the migration of all this collusion with all this new technology is available in a China have done so much money tree used to automatic modern monitoring on tens of thousands of major emitters. Now every hour if you check our mobile app called the Blue map you can pull out, you know thousands upon thousands of major Factory's hourly disclosure data, we visualize by helping people to see, you know, whether they're eating red Orion blue and down there. I mean Major Brands like apple like they'll like Levi's Adidas at H&M.
Target, they started tapping into. But there are still many more which turn a blind eye because you know, I would hope not to the people especially the younger generation, you know with all this into the album to pay more attention to the business, you know actual business action rather than their, you know, just a press release. Fossil fuels and 2 to get business to really come by my people want to have lymph nodes. I want to grow that come from very low on living
standards. And when we see that in child, in other people's win, their people says, I want electricity and I don't care whether it's coming from cold and up the process but they all excuses. I want to pick up on what we've just heard the financial markets have to pay a much bigger role perfectly Banks also in lending and other Sins Not to give money to supply trains that do not listen to what we really need is transparency was doing the right thing rather than greenwashing and it's very important to policymakers now make a decision is as we want to understand what happened in your value
change the business we're doing it individually. We're doing it with a acetone Alliance. We are asking the businesses but if this 10 out of hundreds of trillions, so we need to make this change at scale. So I wish we get the support. No just this week but others to really increase it by 54th and Knott. Take 30 years to do it but over next week because if there's no funding for the supply trains, there's no business model that can continue to pollute the world. Absolutely. We have many other things. For example of Germany with
taxing energy consumption will not texting carbon footprint. So there's zero incentive to move out a fossa. So pretty please for where is let's do some practical things that we can do and even if reforestation was just criticized in many many countries, we attack giving tax incentives for exactly the wrong time of forest taiga forest to be billed not the ones that are sustainable for Drought of a fire another 20 or so. There's so many things that we can do tomorrow, but it has to be done as President Trump just announced a pledge to build a trillion trees. I believe in a
reforestation issue. Is that going to help and could you talk about probably the Nature of the natural world can play in reducing climate when we talked about people who won the electricity. I'm like seriously people who didn't get food for themselves who can eat three meals a day. Are they going to think about having electricity. Going to add the bill for themselves? So I think we need to talk about this inequality between what is technology? What is development? What is the name of the people because it's about how we can tackle climate check on energy or not
developed countries need to ship and right now from the dirty energy from call or whatever for the clean energy, but not for developing countries because developing countries have the priority to eat first and then Focus the energy coming back to your question. safety Young When you talk about please I think like most of the biggest power think planting a trace is the solution to the climate change has it but 23cs we need to plan better. But how about keeping those who exist exist?
We can't give This Christmas by planting a tree 3 + 3 and cutting those who can make a paper who can make whatever that they want and make more money to them that the kosher stop placing the trees is a second phase of the business and we know how to do this restoration Amazon. When you go to them land is the most diverse ecosystem. It's better than in national park because the government can't protect the National Park from the fire or from the depressed patient or
from there. Mining, but indigenous peoples can protect them life. That's why the ecosystem is Moore's to divest death is the same in the Congo Basin because chat is causes desert country. But that's how we let me give you one example on how we are restoring like my mother is the best technology ever because she can predict the weather without having a cell phone or Internet. She can predict the weather by upsetting the wind direction by observing the best Migration by observing the three flowers. She can tell her people from where they have
to go to get water in pasir. So this technology to restoring headache with system can protect her peoples in the how we had getting protect even we had the most impact it but we still in our feet and we are going to be Our feet for latest restore ecosystems enjoying all together. Yes to plan decrease after let me give you another example. What is the biggest shark in Sahara replace the hell is a dick length of desertification in each one of them responsibility of restoring his online. That's the best way of planting trees but not throwing in millions of them but giving the papers
responsibility to make them themselves because they keep them Survivor for how I'm seeing this tree planting can be successful between the world and the world needs to play you have big investments in Africa and in India, when I was in the Obama Administration was part of both of the Paris agreement ended and also the sustainable Sustainable development goals saying that we can achieve zero poverty by 2030 and both are in fact Shiva Bowl in both can happen together and it's not that difficult to figure out
how first the 20 largest countries in terms of emissions are absolutely where efforts to get to zero Mission should start and that is hard to imagine that being successful without government policy participation from China the United States in India. And right now I'd say all three are going the wrong way and even though China has done some things that are quite appropriate and notable. They're still financing 150 gigawatts of new coal plants in China and much of it is actually in other countries around the world. The low-cost state-supported financing is in Kenya. It's in
Guinea. It's in India. It's in Columbia. So I think it's important to recognize that this is a global issue and the top 20 countries that emit have to have the politics and Policies that say we're serious about getting to reduction and with all due respect to corporations. It's very hard to see corporations using voluntary action to solve this problem second. I actually do think we have to leave focus on the living standards and aspirations of the world's bottom two billion and it is possible now to provide renewable based energy to meet the growth needs of that
population and even even recent World bank's studies from last year are already out of date in terms of their own assessment of where the lowest-cost electrification strategy is from renewable and I'm confident this year in are one project in India will be providing power based on solar many grids to communities that have never had access to electricity at $0.15 a kilowatt hour at that price. It beats every other alternative and I have met women who have sewing machines and say, you know, I was finally able to get a power electric sewing Double triple my income send my kids to school a
gentleman who works on a farm-to-table to buy a rice holler and improve their post-harvest processing. Those are the kinds of things that will create employment growth and opportunity for the world's bottom two billion. And if we do not take their aspirations, seriously as part of this effort. We're failing the other big challenge of Our Moment, which is the deep and equality that threatens the politics that threatens us from being able to do things on climate that matter and finally I would just say I say, I do think there's a tremendous amount of space to move from divestment to
investment Rockefeller and a bunch of other foundations have have moved away from fossil fuels in their direct investment, but even more important than that having incentives to create investment, so we have the trillions of dollars to create the technology and the solutions that are necessary It's Not the Only Solution but it has to be part of the picture and we're proud to be associated with the number of those Enterprises. Some of your opinions we're going to Q to a question over who has the biggest responsibility for reducing emissions. Is it government? Is it the
business Community or citizens if you could? Answer your responses. We're not seeing much for Citizens here. that's fascinating and if we could So government seems to be in the pole position here as many on the panel have said of needing to play a bigger leadership role can meet you to one more question. How concerned are you that 2020 will pass and we haven't made the progress that we need somewhat concerned alarm status quo is fine not at all concerned. Wow. Okay. Are you are you are getting through that's for sure. We have a lot of questions
that have come in and our time is us is rapidly disappearing here. So so Oliver there since there's an interesting question about nuclear power here in the all the panelists. No Germany took a step back in nuclear power, you know, obviously with the Fukushima accident what role does nuclear power play moving forward in terms of reducing climate warming up front and unfortunately a lot of these things to discuss without fact, so by the way, one of the things that we doing with NetZero is to have what we called it
science-based Target initiatives driven by the United Nations. So we need the fact they are many ways to bring nuclei into the picture with more modern technology. So we wouldn't ask you that I would like to pick up one point that he has the commercialization of a new source of sustainable sources of energy has happened much faster than we could fall imagine. So not just divestment of fossil fuel new fossil-fuel but moving a lot more acid behind new technologies and their scaling. Unfortunately. We have many of these examples, but you're not scaling fast enough. So where are the
proper incentives? How do we do scale that? So what I'm trying to pick up from Greta is it is taking too long because we having too many anecdotes too many nights stories into little systematic planning and execution. We need to move from words to action. My chin, is there anyway, I mean this government of China obviously is very powerful your your approaches to activate the private sector. Largely. Is that letting the government off the hook? Yes, the government must play it's real for sure. You know that that's the whole reason that we as an NGO can compile so
much data as be course the Chinese government in response to the public demand for data, you know started rolling out all this monitoring and and and they don't disclosure and we also change the legislation making RR deprivation much tougher. So but I do think that contrary to what many people would think, you know, you're trying to even try to do something I can do something, you know, the there's also limit there. So the government also need people you don't need you to public near 222 to send the message the clear message and also
Also needs a business that to join the rapper. It's especially especially now and now there is such a special bus to development by Gene technology. I would I would definitely agree with Oliver, you know, why just recently met with our solar panel manufacturer, you know during the past 10 years and then there's a 90% drop off the cost and they said they're on their way for another 90% drop and we have the first solar panel, you know power plant that we can generate electricity cheaper than
the coal power plant. So I think oldest are major opportunities, but we need we need motivation. We need incentive for this to be packed and you know, all this technology is available nuclear in a pushing the the the the whole cost to the Future Generations, you know with all this spencerfield, you know disposal so so I do think that You know if we all you know share this this bill. The house is in our house is that is burning. You know, how are our hopes Panic home is in danger. Then we need to you know come together to make our boys hurt to
motivate. You know, that's citizens us consumers you can do so much because the whole business would respond to that if you choose. You can't, you know changing your day today behavior is important, but if we can play around more smartly popping into the new oldest new even know technology, then we can scale up our efforts and Achieve our Target in a practical and much tuna weigh challenge. I'd like to ask all of you. What is the single thing if you were talking to appear about
today's panel, what is the single thing that you would recommend that the that we should do? to avert a climate apocalypse Anyone like to starve? I think it's nothing but I want the convergence. He's now it's not tomorrow. So the actual need to be now because what are we waiting for? Forest burning difficult, but people die Nothing more for me than seeing the community that dying who do not have feature for tomorrow the good kind of think about the next 50, Yes. The action has to happen noun and David is a
big opportunity gift here. So I can now in time to open all our mind our eyes from business to the politician leaders who are here to take a radical stepfather shift the economy to the clean one and take the decision to change and every system to be sustainable one to test them people to set them self indigenous people saving ourselves with our knowledge and is the time to listen for a gift at our place we can talk and we know how to do it with know how to protect it so light on Going to be in our Fest at the
way to act all together right now. Yeah, I want to say. I just what of course it sounds like an appetizer. But yeah, you can you're welcome to download the blue map app. And because you can see the words is sometimes our home is on fire in a contract at Global air quality and most of the time you know, China India. We're suffering from there is severe air quality problem and more recently with Thursday in Southeast. Asia Bernie O'Neill. Sometimes I always burning Amazon Australia
in San Francisco, California on fire. But in the meantime, you can see 3 million factories located on a digital map color coded according to their level of performance course, we are tracking hundreds of brand also on the on the app, you know, you can see us consumers are Business Leaders how they perform. I hope we can come together based on the data transparency. I don't want to say something. That sounds great, but it's not doable. But I'm getting out at the beginning of the week. We said, you know, we'll be successful if we do 2x we have to
think as a startup and I'd like a hundred-year-old company which we have we have to do 10 x in terms of getting a commitment. I will try to do it as quickly as possible. So. Just doubling 10 times what you started with and how long? Wait don't have some ideas. That's for sure. I think my my big observation is that this takes all of us and we you had that chart and it said it's 57% government and the rest private sector at the end of the day. We need governments to set policies make agreements and live up to those commitments
and I agree with Brett has observation that we're on we're nowhere near Meeting those Paris commitments as so many people felt they were insufficient as they were and we're going to roll into Glasgow this year at the end of this year. And I think people will see that we're just not on a path where people are living up to the commitments that were made just a few years ago. So governments have to offer real leadership. I I I applied alon's and I think the private sector and companies have to take this on as well. But I also think citizens matter and citizen activists that are being a putting
this issue on the map and making it the cause of our time citizen scientist who are inventing new Solutions citizen. Activist who are working with indigenous populations. It's it's so critical that we all think of this as something each of us has to do including changing the way we eat changing the way we buy products changing the way we live our lives as so that we can be part of the solution.
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