Emma, thank you so much for joining us today. Obviously,
the climate topic is a phenomenally important one,
and adaptation and resilience is one that we're focusing on more and more,
working with governments and DFIs and companies too on this topic,
and we're really delighted that we're gonna be joining your coalition, CCRI.
So I just wondered if you could share a little bit about CCRI and what you aim
to do and what you are doing? Well,
it's fantastic that BCG is going to be part of the Coalition for Climate
Resilient Investment. We've got 129 members,
$27 trillion represented within the membership,
it's a fantastic coalition,
a radical coalition of governments, different organizations,
financial institutions, insurers, scientists,
all working together in the real economy to deliver
integration of adaptation and resilience into investment methodologies.
So whether it's systemic risk or asset level risk,
it's fantastic the way the coalition has grown since it was launched
in 2019, only three years ago. As you say it,
it has to be a coalition. We have to have all these actors involved,
and we find that in all the work that we do on this topic,
we have to be working with the private sector, with the ministerial teams,
with the local planning teams, really great to be part of that.
I think this is how BCG can help the coalition because we've had a
fantastic mobilization of practitioners doing the hard work,
getting to the place where we were able to launch PCRAM,
which is the Physical Climate Risk Assessment Methodology,
getting into the detail of asset level
assessments.
But what we need to do now in the next phase and in the run up to the next
COP and throughout this next year urgently,
is make sure that more governments,
more senior leaders are aware of the work.
Because what's become very clear to us is the scale of events,
climate shocks that have taken place right now. And we are not going to get
to net zero without embedding strong adaptation and resilience plans
into our investment strategies.
So this is vital to adopt at pace and at scale as quickly
as possible.
So I think you will be a huge asset to the coalition in helping us
achieve those goals over the year to come. Well,
rest assured that's exactly what we want to do,
and we want you to really call on us where our expertise can be most useful,
whether it's at that sort of convening space or whether it's actually on the
analytical space or on relationships or whatever.
So we are really keen to support in whatever way we can.
Maybe just to conclude,
it'd be really interesting - here we are halfway through COP - what's your
perspective on adaptation resilience and where things are getting to here?
I still think we've got a long way to go,
but based on the previous COPs I've attended,
based on the time I have spent focused on adaptation and resilience,
I can feel momentum building. But as I leave COP today,
I'm only here for a week, I am so eager to return home,
not to rest, but to get into that action and implementation phase.
So for me,
I'm already thinking about what needs to be achieved over the next year,
making the most of all of those convening moments where we can
discuss with governments, with civil engineers,
with those developing the projects,
how we make sure that resilience and adaptation is in the core of that thinking.
So that's where I am.
I want to leave here knowing that the talks are midway through,
but with that desire to move to that next phase of delivery and build on the
projects that we've already seen, fantastic projects in Jamaica,
but how do we help the rest of the Caribbean?
How do we help others around the world? So an exciting time,
but we just have to get on and act. Fantastic. Well, let's do that together.
Thank you so much. Thank you. Thanks for having me here today.