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Okay, Vinay,

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how can private equity
help tackle climate change?

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I'd say three things. One,

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improve the performance of the assets
you own in terms of their relative

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performance on climate and carbon.

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Second is deploy capital in the spaces
that are going to bring solutions to

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the problems of climate tech,

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where we see a five to seven x gap in
capital flowing versus capital required.

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And the third is partnerships, right?
So the old playbook of I buy a company,

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I own it, I hope it scales, is not
going to work on the climate tax base.

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The climate tax base is going
to require real partnerships,

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corporates that can provide
the demand side and capital

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in the climate tech businesses.
They'll provide the supply side.

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Matching that together,
creating that ecosystem,

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will be a huge unlock and one
that we haven't seen to date.