WEBVTT 00:06.440 --> 00:09.560 Here we go . Hello everyone . 00:10.740 --> 00:13.830 Thank a lot of those gracias por un 00:13.830 --> 00:15.960 tiempo en este programa 00:17.670 --> 00:19.540 estamos aqui row kneels and says 00:19.540 --> 00:23.460 practical guide , kamala's oy a literal 00:23.460 --> 00:26.520 mental pero el dia the way then ran in 00:26.520 --> 00:28.409 effect on last decade a sport and 00:28.409 --> 00:30.300 especially this year custodial 00:30.300 --> 00:32.940 infraestructura a lot . Absolutely . 00:32.940 --> 00:33.940 They contribute 00:38.160 --> 00:40.760 a significant RK sorry , instantaneous 00:40.760 --> 00:42.649 mass that can mark combustibles , 00:42.649 --> 00:46.100 fossils and transport 00:47.840 --> 00:50.062 and the carbon footprint in that city . 00:50.540 --> 00:53.360 Every choice we make in this decisive 00:53.360 --> 00:55.193 decade . And I mean it literally 00:55.193 --> 00:58.540 between now and 2030 Has to bring us 00:58.540 --> 01:01.070 closer , closer to not push us further 01:01.070 --> 01:03.810 away from a sustainable path to net 01:03.810 --> 01:07.220 zero emissions by 2050 . That 01:07.220 --> 01:09.442 recognition was front and center when I 01:09.442 --> 01:11.498 announced to build back Better World 01:11.498 --> 01:13.498 Initiative in june along with our G 01:13.498 --> 01:15.498 seven partners . But to put this in 01:15.498 --> 01:17.442 perspective , the bill back better 01:17.442 --> 01:19.776 Initiative , the Clean Green Initiative , 01:19.776 --> 01:21.980 great Britain the global gateway and 01:21.980 --> 01:24.147 clean green initiatives are all part , 01:24.147 --> 01:26.520 all part of the joint effort among the 01:26.520 --> 01:28.631 G seven partners deliver high quality 01:28.631 --> 01:30.750 sustainable infrastructure and I want 01:30.750 --> 01:34.050 to thank Ursula for the uh the Clean 01:34.050 --> 01:36.217 Green Initiative as well . I mean it's 01:36.217 --> 01:37.828 we're all on the same team , 01:37.828 --> 01:40.680 essentially the same issues . There is 01:40.680 --> 01:42.620 an urgent need for infrastructure 01:42.620 --> 01:45.140 development in countries infrastructure 01:45.140 --> 01:47.870 that prioritize when they build it , 01:47.880 --> 01:50.010 prioritizes the fight against climate 01:50.010 --> 01:52.250 change from the moment the spade goes 01:52.250 --> 01:55.170 on the ground and jump starts the green 01:55.170 --> 01:57.580 economic growth , that's what I'm 01:57.580 --> 01:59.691 focused on in the United States , but 01:59.691 --> 02:01.691 it isn't just an american project . 02:01.940 --> 02:04.162 It's work we're all up to do and we all 02:04.162 --> 02:06.800 are doing around this table by ensuring 02:06.800 --> 02:09.170 high standards , high standards for our 02:09.170 --> 02:11.670 projects . We can create infrastructure 02:11.680 --> 02:14.450 that lifts up communities and begin to 02:14.450 --> 02:16.617 lift them up now and does not put them 02:16.617 --> 02:18.728 behind the eight ball or that's a bad 02:18.728 --> 02:21.400 expression to use but put them behind a 02:21.410 --> 02:24.620 curve when it comes to the 25 , 10 , 15 02:24.620 --> 02:27.960 years from now being transparent about 02:27.960 --> 02:30.770 how we're financing our projects , we 02:30.770 --> 02:33.440 offer positive alternatives to debt to 02:33.450 --> 02:36.250 debt traps and corruption . We can hold 02:36.250 --> 02:38.306 entire countries back if we don't do 02:38.306 --> 02:40.290 that , transparency is critically 02:40.290 --> 02:42.990 important and by insisting and 02:42.990 --> 02:45.101 responding to the needs of developing 02:45.101 --> 02:47.460 countries rather than dictating 02:47.460 --> 02:50.220 projects from afar , we can deliver the 02:50.220 --> 02:52.800 greatest impact for those who need it 02:52.810 --> 02:55.880 the most by mobilizing trillions of 02:55.880 --> 02:58.140 dollars of investment capital that's 02:58.140 --> 03:00.400 sitting on the sidelines that can 03:00.400 --> 03:02.440 multiply the impact of our country 03:02.440 --> 03:06.050 investments in a significant way and 03:06.310 --> 03:08.532 by coming together to make a difference 03:08.532 --> 03:10.643 in the lives of people all around the 03:10.643 --> 03:12.810 world . We have to show and I think we 03:12.810 --> 03:15.810 will show that democracy is still the 03:15.810 --> 03:18.320 best way for delivering results . We 03:18.320 --> 03:20.800 say it again , Democracy is still the 03:20.800 --> 03:24.270 best way for delivering results . That 03:24.270 --> 03:26.381 is my vision of the build back better 03:26.381 --> 03:28.159 world . But my guess is it's my 03:28.159 --> 03:30.103 colleague's vision as well and I'm 03:30.103 --> 03:32.103 eager to hear from all of you today 03:32.103 --> 03:33.826 quite frankly and to start the 03:33.826 --> 03:36.048 conversation , I'd like to propose five 03:36.048 --> 03:38.103 key principles that should guide our 03:38.103 --> 03:40.214 investments in infrastructure first . 03:40.740 --> 03:43.170 Every project should be a climate 03:43.180 --> 03:46.040 resilient and developed with climate in 03:46.040 --> 03:48.690 mind . Every project has started . We 03:48.690 --> 03:50.412 should think about it from the 03:50.412 --> 03:52.468 perspective of climate . I mean that 03:52.468 --> 03:54.150 sincerely new transportation 03:54.150 --> 03:56.690 infrastructure should be designed with 03:56.700 --> 04:00.000 sea level rise in mind , healthcare and 04:00.000 --> 04:02.167 digital infrastructure should be built 04:02.167 --> 04:04.720 to withstand extreme weather events and 04:04.720 --> 04:07.420 in this decade to invest in wind , 04:07.420 --> 04:11.190 solar , hydro power and more today . As 04:11.190 --> 04:13.246 part of this commitment , the United 04:13.246 --> 04:15.468 States , together with the U . K France 04:15.468 --> 04:17.634 Germany and the EU is announcing a new 04:17.634 --> 04:20.110 partnership with South Africa to help 04:20.110 --> 04:22.490 transform their economy to a clean 04:22.490 --> 04:25.480 energy economy more quickly . Right now , 04:25.480 --> 04:27.647 South Africa is the largest emitter in 04:27.647 --> 04:29.880 Africa due in large part to the heavy 04:29.880 --> 04:33.180 reliance on coal for power by closing 04:33.180 --> 04:35.124 South African coal plants ahead of 04:35.124 --> 04:37.720 schedule and investing in clean power 04:37.720 --> 04:39.776 alternatives for the people of South 04:39.776 --> 04:42.100 Africa and supporting an equitable 04:42.100 --> 04:44.350 inclusive transition in South Africa's 04:44.360 --> 04:46.940 coal sector . We're following through 04:46.940 --> 04:48.996 on the pledge , the G seven partners 04:48.996 --> 04:51.400 made in cornwall to accelerate the 04:51.400 --> 04:53.067 transition away from coal and 04:53.067 --> 04:55.770 developing countries and I realized the 04:55.780 --> 04:58.002 reliance on coal is consequential . But 04:58.002 --> 05:00.058 I can remember growing up as a young 05:00.058 --> 05:03.100 man in an area that was heavy supply of 05:03.110 --> 05:05.530 coal in Northeast pennsylvania and I 05:05.530 --> 05:07.752 watched what happened when it collapsed 05:07.752 --> 05:10.500 and how the , the impact on the 05:10.500 --> 05:12.500 community and that's why we have to 05:12.500 --> 05:14.278 take care of the people who are 05:14.278 --> 05:16.333 impacted on and provide alternatives 05:16.333 --> 05:19.750 for them as well . By closing in South 05:19.750 --> 05:21.917 Africa's coal plants ahead of schedule 05:21.917 --> 05:24.028 and investing in clean alternatives . 05:24.028 --> 05:25.972 The people of South Africa for the 05:25.972 --> 05:28.083 people of South Africa and supporting 05:28.083 --> 05:30.028 equitable inclusive transitions in 05:30.028 --> 05:31.972 South Africa's coal sector . We're 05:31.972 --> 05:34.028 following through , as I said on the 05:34.028 --> 05:35.972 pledge we had , we made the second 05:35.972 --> 05:38.194 point I'd like to make all our projects 05:38.194 --> 05:40.417 should be designed in close partnership 05:40.417 --> 05:42.361 with the countries where they will 05:42.361 --> 05:45.130 happen , where they will happen . It's 05:45.130 --> 05:46.908 a simple but powerful principle 05:47.440 --> 05:49.630 projects will only be successful in my 05:49.630 --> 05:52.750 view when there is by an input and 05:52.750 --> 05:55.000 engagement from the communities . 05:55.010 --> 05:57.330 They're intended to help an impact . I 05:57.330 --> 05:59.610 learned that yesterday from Barbados 05:59.620 --> 06:01.731 actually , I think I knew it ahead of 06:01.731 --> 06:03.620 time , but you made a really very 06:03.620 --> 06:05.620 compelling speech yesterday . Local 06:05.620 --> 06:07.731 governments , labor and civil society 06:07.731 --> 06:09.898 should be engaged in the very start to 06:09.898 --> 06:12.260 make sure the benefits to the community 06:12.640 --> 06:15.160 are equitable and their immediate . 06:15.940 --> 06:18.450 Thirdly , the build back better world 06:18.450 --> 06:20.450 projects should be high quality and 06:20.450 --> 06:23.350 high standards . What does that mean in 06:23.350 --> 06:25.900 practice ? Well , it means whenever 06:25.900 --> 06:28.030 there's something to purchase or 06:28.030 --> 06:31.530 someone to hire will use transparent 06:31.540 --> 06:33.870 and competitive processes that 06:33.870 --> 06:36.850 safeguard against corruption . It means 06:36.850 --> 06:39.640 we'll provide affordable financing . So 06:39.640 --> 06:41.862 local taxpayers aren't stuck with a big 06:41.862 --> 06:44.160 bill . They can't pay down the line . 06:44.740 --> 06:47.900 It means environmental planning to 06:47.900 --> 06:49.678 reduce the risk of damaging the 06:49.678 --> 06:52.700 ecosystem and increase the resilience 06:52.710 --> 06:55.390 to climate change . Unfortunately , 06:55.840 --> 06:58.560 partnership is essential to reach net 06:58.560 --> 07:00.393 zero by 2050 we're gonna need to 07:00.393 --> 07:02.620 mobilize trillions of dollars as our 07:02.620 --> 07:04.731 friends at the end of the table now , 07:04.731 --> 07:06.990 trillions of dollars in financing 07:07.420 --> 07:09.940 targets both private and public sector 07:09.940 --> 07:12.010 resources . I met with some of these 07:12.010 --> 07:14.010 private sector suppliers to earlier 07:14.010 --> 07:15.788 today . I think it's within our 07:15.788 --> 07:18.010 capacity to do that . Led by the men at 07:18.010 --> 07:20.380 the end of the table and harness both 07:20.380 --> 07:22.850 private and public sector resources . 07:23.440 --> 07:25.551 So I look forward to working with the 07:25.551 --> 07:27.607 World Bank President , David Malpass 07:27.740 --> 07:30.910 and Mark Carney was not with the U . N . 07:30.920 --> 07:33.370 About how to mobilize the private 07:33.370 --> 07:35.300 sector and international fine 07:35.300 --> 07:37.522 institutions to help build a pipeline , 07:37.522 --> 07:40.180 a project that we can invest them but 07:40.180 --> 07:42.610 can be counted on a plan for and be 07:42.610 --> 07:45.460 done in regular order . And finally , 07:45.940 --> 07:47.884 as you keep hearing me say , and I 07:47.884 --> 07:50.130 apologize building out our climate 07:50.130 --> 07:52.320 infrastructure can and should help 07:52.320 --> 07:55.660 drive a sustainable economic recovery 07:56.240 --> 07:58.660 from the first meeting we had I kept I 07:58.660 --> 08:01.160 know I apologize for the repetition , 08:01.640 --> 08:04.430 but I look at climate and dealing with 08:04.430 --> 08:07.050 climate change and I see jobs , good 08:07.050 --> 08:08.828 jobs , economic development and 08:08.828 --> 08:10.870 movement , that's what I see . And 08:10.870 --> 08:13.420 finally , you keep hearing me say it , 08:13.430 --> 08:17.430 but building out the climate and 08:17.430 --> 08:20.160 infrastructure should drive sustainable 08:20.170 --> 08:22.710 economic recovery . It can spur the 08:22.710 --> 08:24.432 creation of those good jobs in 08:24.432 --> 08:26.488 developing world just like it can in 08:26.488 --> 08:29.200 the developed world , our global 08:29.200 --> 08:31.990 transition to a net zero economy is 08:31.990 --> 08:35.350 predicated on 30 million new jobs 08:35.350 --> 08:38.890 worldwide by 2030 30 million new jobs . 08:38.900 --> 08:41.500 Good paying jobs . So this climate 08:41.500 --> 08:43.500 crisis is an enormous opportunity . 08:43.920 --> 08:46.031 It's about jobs , it's about building 08:46.031 --> 08:48.031 the industries of the future , it's 08:48.031 --> 08:50.087 about making sure everyone shares in 08:50.087 --> 08:51.920 the benefits of an equitable and 08:51.920 --> 08:54.510 sustainable green recovery , build back 08:54.510 --> 08:56.566 better role is going to show that we 08:56.566 --> 08:58.732 can grow our economies , fight climate 08:58.732 --> 09:01.020 change and leave a better cleaner , 09:01.020 --> 09:02.964 more livable planet for all of our 09:02.964 --> 09:05.440 Children . So I wanna thank you all for 09:05.600 --> 09:07.820 joining us today and now I'd like to 09:07.820 --> 09:11.540 turn it over to uh um a 09:11.550 --> 09:13.772 woman who I think I impressed him every 09:13.772 --> 09:16.050 time I hear speak President von Ireland 09:16.060 --> 09:19.830 to make a few remarks , Thank you very 09:19.830 --> 09:22.610 much . Mr President Mitchell , Prime 09:22.610 --> 09:25.770 Minister Boris . Distinguished guest . 09:25.780 --> 09:28.002 Uh Ladies and gentlemen , it's my great 09:28.002 --> 09:30.570 pleasure to co host this important 09:30.570 --> 09:34.560 event with you mr . President . Indeed , 09:34.560 --> 09:37.680 our joint work on infrastructure needs 09:37.690 --> 09:39.634 in low and middle income countries 09:39.634 --> 09:41.690 started earlier this year in Carvers 09:41.690 --> 09:43.857 bay Boris . I remember very well under 09:43.857 --> 09:46.950 your presidency And here now in Glasgow , 09:46.960 --> 09:49.960 in the Spirit of Cop 26 , we want to 09:49.960 --> 09:52.750 highlight the progress made so far and 09:52.760 --> 09:55.090 emphasize the importance of climate 09:55.100 --> 09:57.560 positive infrastructure development . 09:58.240 --> 10:01.540 Thus , if investing in transport in 10:01.550 --> 10:04.640 energy and digital networks , we always 10:04.640 --> 10:07.040 have to make sure that it serves the 10:07.040 --> 10:10.940 planet and the people And for that we 10:10.940 --> 10:13.290 need to work with like minded states , 10:13.450 --> 10:17.240 both in the context of G7 and G20 and 10:17.240 --> 10:19.573 we have to work with the private sector . 10:20.140 --> 10:22.251 The global needs for climate positive 10:22.251 --> 10:25.060 infrastructures are huge 10:25.840 --> 10:28.070 according David Malpass to the World 10:28.070 --> 10:30.720 Bank , the bridge to bridge the world's 10:30.730 --> 10:33.140 infrastructure gap . We will need 10:33.140 --> 10:36.580 €1.3 trillion of investment 10:36.590 --> 10:39.520 every year every year and that's why I 10:39.530 --> 10:43.040 commend your efforts . Mr President 10:43.040 --> 10:46.680 Dear Joe on build back better world and 10:46.680 --> 10:50.330 the Clean Green Initiative Boris this 10:50.340 --> 10:53.230 is this kind of leadership that we need 10:53.230 --> 10:55.286 for this important initiative and in 10:55.286 --> 10:58.570 the same spirit , europe is launching 10:58.570 --> 11:01.730 the global Gateway initiative . It is 11:01.730 --> 11:04.190 our strategy to foster investments in 11:04.190 --> 11:06.580 connecting our world building on our 11:06.580 --> 11:09.850 shared values and with a strong 11:09.850 --> 11:12.660 commitment to transparency and 11:12.660 --> 11:15.550 inclusivity . It is global in scale . 11:16.340 --> 11:18.340 From africa to latin America to the 11:18.340 --> 11:21.960 indo pacific It articulates a positive 11:21.960 --> 11:24.510 vision of cooperation in the 21st 11:24.510 --> 11:28.470 century and it builds on partnership at 11:28.480 --> 11:31.900 eyes level . Thus global 11:31.900 --> 11:35.650 Gateway and be www . And the clean 11:35.650 --> 11:38.090 Green Initiative is not only 11:38.090 --> 11:42.050 complementary , but even they reinforce 11:42.060 --> 11:45.260 each other And allow me to say 11:45.270 --> 11:48.370 a few words to the four guiding 11:48.370 --> 11:51.380 principles you have raised . First of 11:51.380 --> 11:53.158 course , the climate neutrality 11:53.158 --> 11:55.450 infrastructure development must be 11:55.940 --> 11:59.060 Consistent with the net zero goal by 11:59.140 --> 12:02.800 mid century Second indeed it is about 12:02.800 --> 12:05.460 good governance and transparency , you 12:05.460 --> 12:07.460 called it partnership , joe that is 12:07.460 --> 12:09.680 exactly what it is about . Both are 12:09.680 --> 12:12.200 increasingly critical to deal with 12:12.200 --> 12:16.090 today's challenges . The third topic is 12:16.100 --> 12:18.390 it will be value driven , you said high 12:18.390 --> 12:21.220 quality and high standards . Indeed , 12:21.230 --> 12:23.690 global gateway for example will build 12:23.690 --> 12:25.490 on values such as labor and 12:25.490 --> 12:28.200 environmental standards . Our people 12:28.200 --> 12:31.220 are asking for it and fourth it will 12:31.220 --> 12:33.220 work hand and hand with the private 12:33.220 --> 12:36.910 sector . So I think Mr President 12:36.920 --> 12:39.940 did all the example you gave of the new 12:39.940 --> 12:42.910 initiative with South Africa is an uh 12:42.920 --> 12:46.550 is an outstanding won an exemplary one . 12:47.040 --> 12:50.320 It's an excellent showcase indeed that 12:50.320 --> 12:52.487 the United States , the United Kingdom 12:52.487 --> 12:54.598 Germany France and the european union 12:54.598 --> 12:56.820 are together launching this just energy 12:56.820 --> 12:58.709 transition partnership with South 12:58.709 --> 13:00.930 Africa . Teaming up with President 13:00.930 --> 13:04.110 Cyril Ramaphosa financially supporting 13:04.110 --> 13:06.600 South Africa making the transition out 13:06.600 --> 13:09.660 of fossil fuel and into clean energy . 13:10.340 --> 13:12.850 I think this partnership and I hope it 13:12.850 --> 13:15.620 will be a blueprint for similar 13:15.620 --> 13:17.920 partnerships with other countries . And 13:17.920 --> 13:20.850 I look forward to our discussion . I 13:20.850 --> 13:23.072 have the pleasure now to give the floor 13:23.072 --> 13:25.239 to you . Prime Minister , dear Boris , 13:25.640 --> 13:28.040 thank you very much . Dear Ursula and 13:28.040 --> 13:30.370 thank you everybody . Thanks joe . And 13:30.380 --> 13:33.110 uh Stella for hosting the this meeting 13:33.220 --> 13:35.442 and and you're absolutely right that we 13:35.442 --> 13:37.960 began this idea at the uh with the 13:37.960 --> 13:40.127 build better partnership in in Carvers 13:40.127 --> 13:43.410 Bay to keep 1.5 degrees in sight to 13:43.410 --> 13:46.170 reach global Net zero and to protect 13:46.170 --> 13:48.281 vulnerable countries from the impacts 13:48.281 --> 13:50.660 of climate change means the development 13:50.670 --> 13:53.250 of new clean and green infrastructure 13:53.640 --> 13:56.100 and this presents a huge opportunity to 13:56.100 --> 13:57.989 turn our struggle against climate 13:57.989 --> 14:00.100 change into a global mission . As 14:00.110 --> 14:02.770 President biden has said for jobs and 14:02.770 --> 14:05.130 growth in the U . K . Through our Net 14:05.130 --> 14:07.500 Zero strategy , we are pioneering a 14:07.500 --> 14:09.740 green industrial revolution with public 14:09.740 --> 14:11.720 investment leveraging billions of 14:11.720 --> 14:14.930 pounds of private funding into whole 14:14.940 --> 14:17.790 new industries from offshore wind to 14:17.790 --> 14:20.700 carbon capture and storage allowing us 14:20.700 --> 14:23.120 in the U . K . To level up our whole 14:23.120 --> 14:26.260 country with thousands of good new 14:26.270 --> 14:29.230 green jobs and by partnering with 14:29.230 --> 14:31.920 developing and emerging economies to 14:31.920 --> 14:35.310 invest in climate smart Infrastructure 14:35.320 --> 14:38.880 and meeting our $100 billion climate 14:38.880 --> 14:41.680 finance commitment . Of course we can 14:41.680 --> 14:44.580 go on to unlock trillions whether it's 14:44.580 --> 14:46.413 tens of trillions or hundreds of 14:46.413 --> 14:48.690 trillions of Mark Carney would say of 14:48.690 --> 14:52.240 private finance to do something similar 14:52.250 --> 14:55.740 around the whole world . So Our pursuit 14:55.860 --> 14:59.430 of global net zero can drive global 14:59.440 --> 15:01.480 leveling up helping developing 15:01.480 --> 15:04.080 economies fast track their way to a 15:04.080 --> 15:06.950 more prosperous clean and green future . 15:06.950 --> 15:10.020 So the UK wholeheartedly supports the 15:10.020 --> 15:12.242 principles that President biden has set 15:12.242 --> 15:14.298 out working in partnership to create 15:14.298 --> 15:16.131 the highest standards of climate 15:16.131 --> 15:19.090 resilient infrastructure rooted in our 15:19.090 --> 15:21.680 shared democratic values of 15:21.680 --> 15:23.620 transparency , inclusivity 15:23.620 --> 15:26.730 collaboration and led by the host 15:26.730 --> 15:29.930 countries responding to their needs . 15:29.940 --> 15:32.530 And I welcome the work of Mark Carney 15:32.530 --> 15:36.060 and others on what on creating what we 15:36.060 --> 15:39.560 call country platforms to help connect 15:39.570 --> 15:41.910 the pipelines of green infrastructure 15:42.020 --> 15:45.040 projects with the vast private capital , 15:45.050 --> 15:48.420 looking to invest in that zero . The UK 15:48.420 --> 15:50.642 is proud to contribute to these efforts 15:50.642 --> 15:52.790 today with our clean green initiative 15:52.800 --> 15:56.300 as you say , Ursula by taking our Green 15:56.300 --> 15:59.210 Industrial Revolution Global , we're 15:59.210 --> 16:01.360 investing over £3 billion and 16:01.360 --> 16:03.670 mobilizing a similar amount of private 16:03.670 --> 16:06.730 finance to support technologies like a 16:06.740 --> 16:09.190 drought resistant agriculture , where 16:09.190 --> 16:11.301 investors have been reluctant to take 16:11.301 --> 16:13.800 the risks alone . We're investing in 16:13.810 --> 16:16.870 green bonds for renewable energy in 16:16.880 --> 16:19.710 Vietnam and solar power in Burkina , 16:19.710 --> 16:23.000 Faso , Pakistan , Nepal and Chad were 16:23.000 --> 16:25.111 offering guarantees to the World Bank 16:25.111 --> 16:27.111 and the African Development Bank to 16:27.111 --> 16:29.670 unlock after £2. . pounds of new 16:29.670 --> 16:33.090 finance for green infrastructure across 16:33.100 --> 16:35.680 India and Africa . And we're working 16:35.680 --> 16:37.402 with President Ramaphosa Cyril 16:37.402 --> 16:39.630 Ramaphosa to deliver his ambitious 16:39.640 --> 16:42.480 vision for faster greener growth , 16:42.490 --> 16:45.560 helping to lead an $8.5 billion 16:45.560 --> 16:47.910 partnership to decarbonization , what 16:47.910 --> 16:50.077 is currently the most carbon intensive 16:50.077 --> 16:51.966 energy system in the world and by 16:51.966 --> 16:54.550 choking off international finance for 16:54.550 --> 16:57.780 coal , I look forward to working with 16:57.780 --> 17:00.230 you all as we take forward these 17:00.230 --> 17:02.630 investments in clean green 17:02.640 --> 17:04.862 infrastructure . It's it's this is like 17:04.862 --> 17:07.040 one of those moments in the story of 17:07.050 --> 17:09.770 humanity when everybody is making the 17:09.770 --> 17:12.180 same intellectual breakthrough at the 17:12.180 --> 17:15.590 same time in seeing the way forward in 17:15.590 --> 17:17.812 leveraging in private finance . We have 17:17.812 --> 17:19.940 the Global gateway , we have the one 17:19.940 --> 17:22.051 planet initiative I think from , from 17:22.051 --> 17:23.940 Emanuel , we have the sustainable 17:23.940 --> 17:26.051 markets initiative from the Prince of 17:26.051 --> 17:28.051 Wales . We have the our clean Green 17:28.051 --> 17:30.218 initiative , we have build back better 17:30.218 --> 17:32.560 world , We have G fans from Mark Carney , 17:32.570 --> 17:34.626 everybody is now on the same thing . 17:34.626 --> 17:36.848 It's time to bring all this together so 17:36.848 --> 17:39.070 that this can be the moment when we get 17:39.070 --> 17:40.959 real on leveling up the world and 17:40.959 --> 17:43.290 securing a cleaner , greener and more 17:43.290 --> 17:45.512 prosperous future for everybody . Thank 17:45.512 --> 17:48.560 you . Thank you very much . And now I 17:48.560 --> 17:50.260 would ask the press to leave .