what policymakers are clearly driving towards. so, i think the developing story we will see here in glasgow is that major finance institutions essentially declare the beginning of the end, the rapid beginning of the end, the rapid beginning of the end, the rapid beginning of the end, of the fossil fuel economy and the need for the type of resilience that was spoken about by the baroness just now. and thatis about by the baroness just now. and that is a seismic moment. so, when we say paris, everybody immediately remembers it as the time that the world s 200 nations agreed on a new direction of travel. i think in ten years time, when people say glasgow, it will be the moment where people accepted mainstream markets moved in any direction, partly because of sticks, regulators and others are requiring companies to disclose these risks, but also carrots, people can see where the future is, and it is rather ironic that adam smith wrote the wealth of nations here in glasgow and talked about
adam smith for the new challenges we face, and that is what glasgow will be remembered for. and it s going to have a massive influence on all markets, but also us. how much of this has been driven by a market rather than a moral imperative? a market rather than a moral imperative? driven by a moral imperative imperative? driven by a moral imperative by imperative? driven by a moral imperative by many imperative? driven by a moral imperative by many in - imperative? driven by a morall imperative by many in business imperative? driven by a moral- imperative by many in business ten years ago, but after paris there was a switch and to find in companies no longerjust be if you like activists within companies, and there are activists pushing the sun coming to events, now it is actually marrying a brutal truth that if you invest in assets which are going to crumble, albeit that is a bad investment, if you invest in a fossil fuel economy which will not be there in 20 years thatis which
the negotiators to do. and we ve seen the g20 some progress when china admitted that countries have to come back and agree to up their ambition this decade. people were disappointed with china s offer. they haven t improved their offer, despite the costs of clean energy falling massively, the risks of climate change becoming much clearer. it s all come around what are we going to do coming out of glasgow to bridge that gap to stop dangerous climate change, and china s going to have to be part of that change. talking about the urgent threat is global cooperation even possible with so many disparate interests among these including the fact that russia is basically a fossil fuel economy and that china now because of their own domestic issues has been reverting to building new coal plants. yeah, thanks, andrea, it s good to be with you, and we
be for it. i think we all recognize for states with strong coal energies, it s a hard transition. we re very supportive of every feasible strategy of porteing those families in those communities and have been dependent upon coal jobs. let s take care of them. that s the right thing to do. and this transition shouldn t fall on the backs of fossil fuel workers. let s be there with them in powerful ways. but we can t remain to be trapped in the fossil fuel economy. you earlier in our interview caught the use of the word nightmare. obviously, you re being an elected member of congress these days, being a democrat means you probably have been hearing from friends, family, constituents, going what the heck is going on? what is taing so long, all of this thing. do you refer to it as a nightmare. does this feel part you have been here a while, does this
it does seem as if he s hit a lot of brick walls. china is the worst of the brick walls but there s also india. these countries have to step up and if they don t whatever the u.s. and europe does and the u.s. is not doing as much as many in europe including boris johnson would like the u.s. to do, but this president is certainly committed to it and taking every step and trying to put it in his legislation. yeah, china and india are a big push back and russia not far behind with its fossil fuel economy. it s urgent and i think our colleague is absolutely right, he is right that the secretary general s speech was the call to action today and i hope it doesn t i hope it gets as much attention as it deserves. where does this leave us for the climate summit that s upcoming? you know, i know is this going to be another summit where