WEBVTT

1
00:00:00.240 --> 00:00:02.560
Wendy, Sanda, hi. Sanda, to you first.

2
00:00:02.590 --> 00:00:05.800
What's the role of the private
sector in driving action on climate?

3
00:00:06.310 --> 00:00:10.040
I think the private sector plays a really
key role in driving climate action,

4
00:00:10.040 --> 00:00:13.880
obviously along with governments,
the UN and other actors.

5
00:00:13.880 --> 00:00:17.680
The private sector brings to the
table innovation, speed to market,

6
00:00:17.680 --> 00:00:19.800
technologies, ambition,

7
00:00:20.030 --> 00:00:23.440
that I think also helps hold not
only the public sector accountable,

8
00:00:23.440 --> 00:00:26.080
also the private sector
itself. Admittedly,

9
00:00:26.080 --> 00:00:29.760
I think a lot of the challenges we face
at the moment with the climate crisis do

10
00:00:29.760 --> 00:00:30.920
have private sector involvement.

11
00:00:30.920 --> 00:00:35.000
I think what's really key is to see how
the private sector wants to be part of

12
00:00:35.000 --> 00:00:36.440
the solutions even more and more,

13
00:00:36.440 --> 00:00:40.960
and it's very key to drive this path
forward to a clean green future.

14
00:00:41.240 --> 00:00:43.880
Wendy, what about public
private partnerships?

15
00:00:43.880 --> 00:00:46.200
How can they work to drive solutions?

16
00:00:46.630 --> 00:00:47.120
Well,

17
00:00:47.120 --> 00:00:50.960
public private partnerships
can dramatically accelerate
our progress on climate.

18
00:00:50.960 --> 00:00:54.080
Sanda talked about how important the
private sector is, they make they deliver,

19
00:00:54.700 --> 00:00:59.320
but the public sector is so complementary
in terms of what it can bring in

20
00:00:59.480 --> 00:01:01.880
assurance of the quality side of things,

21
00:01:01.880 --> 00:01:03.920
the joint financing it
brings to the table,

22
00:01:04.060 --> 00:01:06.320
and when the two of them can
get aligned on that agenda,

23
00:01:06.320 --> 00:01:07.920
that agenda moves so much faster,

24
00:01:08.100 --> 00:01:10.600
and that's really what we need out
of public private partnerships.

25
00:01:10.920 --> 00:01:14.320
We're seeing that in places, in
smart cities around the world,

26
00:01:14.550 --> 00:01:17.080
around infrastructure
development that's greener.

27
00:01:17.080 --> 00:01:20.320
When we get those public private
partnerships in many other places,

28
00:01:20.410 --> 00:01:21.680
in health in the past,

29
00:01:21.680 --> 00:01:24.840
we've seen that really enable
a leap frog in the progress,

30
00:01:25.260 --> 00:01:28.560
and so that's our best bet
for progress moving forward.

31
00:01:28.840 --> 00:01:30.120
Wendy, I was going to say,

32
00:01:30.120 --> 00:01:33.680
don't you also feel that the public
sector has a role to play in leveling the

33
00:01:33.680 --> 00:01:36.240
playing field? Because
oftentimes for private sector,

34
00:01:36.240 --> 00:01:40.280
there is a desire to engage
in this problem-solving,

35
00:01:40.300 --> 00:01:42.440
but without a fair level playing field,

36
00:01:42.440 --> 00:01:44.320
you sometimes don't get
the best of innovation.

37
00:01:44.460 --> 00:01:47.240
The policy agenda can
help a lot. Absolutely.

38
00:01:47.430 --> 00:01:52.120
Sanda, how can coalitions...
let's go there next...

39
00:01:52.120 --> 00:01:53.520
continue talking and convening,

40
00:01:53.520 --> 00:01:56.360
but then move that into
action and investment?

41
00:01:56.990 --> 00:01:59.400
I think coalitions are important
for a number of reasons.

42
00:01:59.590 --> 00:02:02.680
With the scale and scope of problems
that we're trying to solve right now,

43
00:02:02.680 --> 00:02:04.840
you definitely need a
multiplicity of actors.

44
00:02:05.370 --> 00:02:08.600
No one grouping can actually solve
the challenges we face today.

45
00:02:08.960 --> 00:02:12.520
Being in a coalition, I think provides
a stronger voice, a stronger platform.

46
00:02:12.840 --> 00:02:16.400
Being a coalition also allows coalition
members to hold each other accountable

47
00:02:16.540 --> 00:02:18.440
and raise that ambition as well.

48
00:02:19.350 --> 00:02:23.680
Coalitions of the private sector,
trying to negotiate with government,

49
00:02:23.680 --> 00:02:28.280
I think comes along much stronger than a
single entity or single industry voice.

50
00:02:29.410 --> 00:02:30.930
Wendy, Sanda, thank you so much.

51
00:02:30.930 --> 00:02:31.570
Thank you.