Okay, Vinay,
how can private equity help tackle climate change?
I'd say three things. One,
improve the performance of the assets you own in terms of their relative
performance on climate and carbon.
Second is deploy capital in the spaces that are going to bring solutions to
the problems of climate tech,
where we see a five to seven x gap in capital flowing versus capital required.
And the third is partnerships, right? So the old playbook of I buy a company,
I own it, I hope it scales, is not going to work on the climate tax base.
The climate tax base is going to require real partnerships,
corporates that can provide the demand side and capital
in the climate tech businesses. They'll provide the supply side.
Matching that together, creating that ecosystem,
will be a huge unlock and one that we haven't seen to date.