WEBVTT 00:00:00.273 --> 00:00:04.298 We are at a remarkable moment in time. 00:00:04.298 --> 00:00:07.234 We face over the next two decades 00:00:07.234 --> 00:00:09.300 two fundamental transformations 00:00:09.300 --> 00:00:12.342 that will determine whether the next 100 years 00:00:12.342 --> 00:00:16.527 is the best of centuries or the worst of centuries. NOTE Paragraph 00:00:16.527 --> 00:00:19.249 Let me illustrate with an example. 00:00:19.249 --> 00:00:22.523 I first visited Beijing 25 years ago 00:00:22.523 --> 00:00:25.549 to teach at the People's University of China. 00:00:25.549 --> 00:00:28.485 China was getting serious about market economics 00:00:28.485 --> 00:00:30.824 and about university education, 00:00:30.824 --> 00:00:35.315 so they decided to call in the foreign experts. 00:00:35.315 --> 00:00:36.920 Like most other people, 00:00:36.920 --> 00:00:39.736 I moved around Beijing by bicycle. 00:00:39.736 --> 00:00:41.930 Apart from dodging the occasional vehicle, 00:00:41.930 --> 00:00:45.237 it was a safe and easy way to get around. 00:00:45.237 --> 00:00:46.601 Cycling in Beijing now 00:00:46.601 --> 00:00:49.422 is a completely different prospect. 00:00:49.422 --> 00:00:52.565 The roads are jammed by cars and trucks. 00:00:52.565 --> 00:00:54.364 The air is dangerously polluted 00:00:54.364 --> 00:00:57.976 from the burning of coal and diesel. 00:00:57.976 --> 00:01:00.114 When I was there last in the spring, 00:01:00.114 --> 00:01:02.892 there was an advisory for people of my age — 00:01:02.892 --> 00:01:05.322 over 65 — 00:01:05.322 --> 00:01:08.191 to stay indoors and not move much. NOTE Paragraph 00:01:08.191 --> 00:01:10.125 How did this come about? 00:01:10.125 --> 00:01:12.545 It came from the way in which 00:01:12.545 --> 00:01:14.810 Beijing has grown as a city. 00:01:14.810 --> 00:01:17.270 It's doubled over those 25 years, more than doubled, 00:01:17.270 --> 00:01:19.446 from 10 million to 20 million. 00:01:19.446 --> 00:01:21.139 It's become a sprawling urban area 00:01:21.139 --> 00:01:25.498 dependent on dirty fuel, dirty energy, 00:01:25.498 --> 00:01:27.321 particularly coal. 00:01:27.321 --> 00:01:31.596 China burns half the world's coal each year, 00:01:31.596 --> 00:01:35.510 and that's why, it is a key reason why, 00:01:35.510 --> 00:01:37.535 it is the world's largest emitter 00:01:37.535 --> 00:01:40.449 of greenhouse gases. 00:01:40.449 --> 00:01:42.563 At the same time, we have to recognize 00:01:42.563 --> 00:01:45.747 that in that period China has grown remarkably. 00:01:45.747 --> 00:01:48.188 It has become the world's second largest economy. 00:01:48.188 --> 00:01:49.657 Hundreds of millions of people 00:01:49.657 --> 00:01:51.822 have been lifted out of poverty. 00:01:51.822 --> 00:01:53.903 That's really important. 00:01:53.903 --> 00:01:56.220 But at the same time, the people of China 00:01:56.220 --> 00:01:57.820 are asking the question: 00:01:57.820 --> 00:01:59.400 What's the value of this growth 00:01:59.400 --> 00:02:01.525 if our cities are unlivable? 00:02:01.525 --> 00:02:03.837 They've analyzed, diagnosed 00:02:03.837 --> 00:02:07.177 that this is an unsustainable path of growth 00:02:07.177 --> 00:02:09.303 and development. 00:02:09.303 --> 00:02:11.632 China's planning to scale back coal. 00:02:11.632 --> 00:02:17.493 It's looking to build its cities in different ways. NOTE Paragraph 00:02:17.493 --> 00:02:19.326 Now, the growth of China 00:02:19.326 --> 00:02:23.050 is part of a dramatic change, fundamental change, 00:02:23.050 --> 00:02:25.817 in the structure of the world economy. 00:02:25.817 --> 00:02:28.539 Just 25 years ago, the developing countries, 00:02:28.539 --> 00:02:30.429 the poorer countries of the world, 00:02:30.429 --> 00:02:34.355 were, notwithstanding being the vast majority of the people, 00:02:34.355 --> 00:02:36.178 they accounted for only about a third 00:02:36.178 --> 00:02:38.170 of the world's output. 00:02:38.170 --> 00:02:39.914 Now it's more than half; 00:02:39.914 --> 00:02:42.885 25 years from now, it will probably be two thirds 00:02:42.885 --> 00:02:45.990 from the countries that we saw 25 years ago 00:02:45.990 --> 00:02:47.266 as developing. 00:02:47.266 --> 00:02:48.864 That's a remarkable change. 00:02:48.864 --> 00:02:51.266 It means that most countries around the world, 00:02:51.266 --> 00:02:53.325 rich or poor, are going to be facing 00:02:53.325 --> 00:02:55.305 the two fundamental transformations 00:02:55.305 --> 00:02:58.490 that I want to talk about and highlight. NOTE Paragraph 00:02:58.490 --> 00:03:00.503 Now, the first of these transformations 00:03:00.503 --> 00:03:03.110 is the basic structural change 00:03:03.110 --> 00:03:04.850 of the economies and societies 00:03:04.850 --> 00:03:06.880 that I've already begun to illustrate 00:03:06.880 --> 00:03:10.390 through the description of Beijing. 00:03:10.390 --> 00:03:13.349 Fifty percent now in urban areas. 00:03:13.349 --> 00:03:16.960 That's going to go to 70 percent in 2050. 00:03:16.960 --> 00:03:19.221 Over the next two decades, we'll see 00:03:19.221 --> 00:03:22.134 the demand for energy rise by 40 percent, 00:03:22.134 --> 00:03:26.108 and the growth in the economy and in the population 00:03:26.108 --> 00:03:29.090 is putting increasing pressure on our land, 00:03:29.090 --> 00:03:32.956 on our water and on our forests. NOTE Paragraph 00:03:32.956 --> 00:03:36.241 This is profound structural change. 00:03:36.241 --> 00:03:37.816 If we manage it in a negligent 00:03:37.816 --> 00:03:40.435 or a shortsighted way, 00:03:40.435 --> 00:03:44.301 we will create waste, pollution, congestion, 00:03:44.301 --> 00:03:47.851 destruction of land and forests. 00:03:47.851 --> 00:03:50.179 If we think of those three areas that I have illustrated 00:03:50.179 --> 00:03:53.902 with my numbers — cities, energy, land — 00:03:53.902 --> 00:03:55.781 if we manage all that badly, 00:03:55.781 --> 00:03:57.862 then the outlook for the lives and livelihoods 00:03:57.862 --> 00:03:59.673 of the people around the world 00:03:59.673 --> 00:04:02.666 would be poor and damaged. 00:04:02.666 --> 00:04:04.488 And more than that, 00:04:04.488 --> 00:04:07.796 the emissions of greenhouse gases would rise, 00:04:07.796 --> 00:04:11.677 with immense risks to our climate. 00:04:11.677 --> 00:04:13.724 Concentrations of greenhouse gases 00:04:13.724 --> 00:04:16.642 in the atmosphere are already 00:04:16.642 --> 00:04:20.276 higher than they've been for millions of years. 00:04:20.276 --> 00:04:23.914 If we go on increasing those concentrations, 00:04:23.914 --> 00:04:27.288 we risk temperatures over the next century or so 00:04:27.288 --> 00:04:28.905 that we have not seen on this planet 00:04:28.905 --> 00:04:32.110 for tens of millions of years. 00:04:32.110 --> 00:04:34.236 We've been around as Homo sapiens — 00:04:34.236 --> 00:04:37.407 that's a rather generous definition, sapiens — 00:04:37.407 --> 00:04:40.210 for perhaps a quarter of a million years, a quarter of a million. 00:04:40.210 --> 00:04:41.441 We risk temperatures we haven't seen 00:04:41.441 --> 00:04:46.180 for tens of millions of years over a century. 00:04:46.180 --> 00:04:48.250 That would transform the relationship 00:04:48.250 --> 00:04:52.479 between human beings and the planet. 00:04:52.479 --> 00:04:57.130 It would lead to changing deserts, 00:04:57.130 --> 00:05:00.320 changing rivers, changing patterns of hurricanes, 00:05:00.320 --> 00:05:01.558 changing sea levels, 00:05:01.558 --> 00:05:04.201 hundreds of millions of people, 00:05:04.201 --> 00:05:07.430 perhaps billions of people who would have to move, 00:05:07.430 --> 00:05:09.353 and if we've learned anything from history, 00:05:09.353 --> 00:05:11.665 that means severe and extended conflict. NOTE Paragraph 00:05:11.665 --> 00:05:13.543 And we couldn't just turn it off. 00:05:13.543 --> 00:05:15.973 You can't make a peace treaty with the planet. 00:05:15.973 --> 00:05:18.200 You can't negotiate with the laws of physics. 00:05:18.200 --> 00:05:19.915 You're in there. You're stuck. 00:05:19.915 --> 00:05:21.591 Those are the stakes we're playing for, 00:05:21.591 --> 00:05:24.313 and that's why we have to make this second transformation, 00:05:24.313 --> 00:05:25.953 the climate transformation, 00:05:25.953 --> 00:05:28.336 and move to a low-carbon economy. 00:05:28.336 --> 00:05:30.714 Now, the first of these transformations 00:05:30.714 --> 00:05:31.795 is going to happen anyway. 00:05:31.795 --> 00:05:33.644 We have to decide whether to do it well or badly, 00:05:33.644 --> 00:05:36.462 the economic, or structural, transformation. 00:05:36.462 --> 00:05:38.352 But the second of the transformations, 00:05:38.352 --> 00:05:42.466 the climate transformations, we have to decide to do. 00:05:42.466 --> 00:05:44.685 Those two transformations face us 00:05:44.685 --> 00:05:46.858 in the next two decades. 00:05:46.858 --> 00:05:50.071 The next two decades are decisive 00:05:50.071 --> 00:05:52.786 for what we have to do. 00:05:52.786 --> 00:05:54.305 Now, the more I've thought about this, 00:05:54.305 --> 00:05:56.409 the two transformations coming together, 00:05:56.409 --> 00:05:57.956 the more I've come to realize 00:05:57.956 --> 00:06:00.908 that this is an enormous opportunity. 00:06:00.908 --> 00:06:03.135 It's an opportunity which we can use 00:06:03.135 --> 00:06:06.532 or it's an opportunity which we can lose. 00:06:06.532 --> 00:06:09.255 And let me explain through those three key areas 00:06:09.255 --> 00:06:11.965 that I've identified: cities, energy and land. 00:06:11.965 --> 00:06:14.019 And let me start with cities. 00:06:14.019 --> 00:06:18.052 I've already described the problems of Beijing: 00:06:18.052 --> 00:06:20.898 pollution, congestion, waste and so on. 00:06:20.898 --> 00:06:24.588 Surely we recognize that in many of our cities 00:06:24.588 --> 00:06:25.847 around the world. NOTE Paragraph 00:06:25.847 --> 00:06:28.772 Now, with cities, like life but particularly cities, 00:06:28.772 --> 00:06:31.836 you have to think ahead. 00:06:31.836 --> 00:06:33.250 The cities that are going to be built — 00:06:33.250 --> 00:06:35.406 and there are many, and many big ones — 00:06:35.406 --> 00:06:36.870 we have to think of how to design them 00:06:36.870 --> 00:06:38.221 in a compact way 00:06:38.221 --> 00:06:41.664 so we can save travel time and we can save energy. 00:06:41.664 --> 00:06:45.579 The cities that already are there, well established, 00:06:45.579 --> 00:06:48.650 we have to think about renewal and investment in them 00:06:48.650 --> 00:06:51.428 so that we can connect ourselves much better 00:06:51.428 --> 00:06:53.820 within those cities, and make it easier, 00:06:53.820 --> 00:06:57.411 encourage more people, to live closer to the center. 00:06:57.411 --> 00:06:59.821 We've got examples building around the world 00:06:59.821 --> 00:07:02.113 of the kinds of ways in which we can do that. 00:07:02.113 --> 00:07:06.131 The bus rapid transport system in Bogotá in Colombia 00:07:06.131 --> 00:07:08.763 is a very important case of how to move around 00:07:08.763 --> 00:07:11.333 safely and quickly in a non-polluting way 00:07:11.333 --> 00:07:14.528 in a city: very frequent buses, 00:07:14.528 --> 00:07:17.465 strongly protected routes, the same service, really, 00:07:17.465 --> 00:07:19.556 as an underground railway system, 00:07:19.556 --> 00:07:21.367 but much, much cheaper 00:07:21.367 --> 00:07:23.775 and can be done much more quickly, 00:07:23.775 --> 00:07:25.670 a brilliant idea in many more cities 00:07:25.670 --> 00:07:27.706 around the world that's developing. NOTE Paragraph 00:07:27.706 --> 00:07:29.607 Now, some things in cities do take time. 00:07:29.607 --> 00:07:32.660 Some things in cities can happen much more quickly. 00:07:32.660 --> 00:07:34.764 Take my hometown, London. 00:07:34.764 --> 00:07:40.052 In 1952, smog in London killed 4,000 people 00:07:40.052 --> 00:07:42.746 and badly damaged the lives of many, many more. 00:07:42.746 --> 00:07:44.096 And it happened all the time. 00:07:44.096 --> 00:07:46.598 For those of you live outside London in the U.K. 00:07:46.598 --> 00:07:48.791 will remember it used to be called The Smoke. 00:07:48.791 --> 00:07:50.467 That's the way London was. 00:07:50.467 --> 00:07:52.549 By regulating coal, within a few years 00:07:52.549 --> 00:07:55.637 the problems of smog were rapidly reduced. 00:07:55.637 --> 00:07:57.192 I remember the smogs well. 00:07:57.192 --> 00:07:59.915 When the visibility dropped to [less] than 00:07:59.915 --> 00:08:01.908 a few meters, 00:08:01.908 --> 00:08:03.764 they stopped the buses and I had to walk. 00:08:03.764 --> 00:08:05.822 This was the 1950s. 00:08:05.822 --> 00:08:09.720 I had to walk home three miles from school. 00:08:09.720 --> 00:08:13.289 Again, breathing was a hazardous activity. 00:08:13.289 --> 00:08:15.967 But it was changed. It was changed by a decision. 00:08:15.967 --> 00:08:19.136 Good decisions can bring good results, 00:08:19.136 --> 00:08:21.501 striking results, quickly. NOTE Paragraph 00:08:21.501 --> 00:08:24.494 We've seen more: In London, we've introduced the congestion charge, 00:08:24.494 --> 00:08:27.200 actually quite quickly and effectively, 00:08:27.200 --> 00:08:28.820 and we've seen great improvements 00:08:28.820 --> 00:08:32.782 in the bus system, and cleaned up the bus system. 00:08:32.782 --> 00:08:35.902 You can see that the two transformations I've described, 00:08:35.902 --> 00:08:37.858 the structural and the climate, 00:08:37.858 --> 00:08:40.490 come very much together. 00:08:40.490 --> 00:08:43.423 But we have to invest. We have to invest in our cities, 00:08:43.423 --> 00:08:45.956 and we have to invest wisely, and if we do, 00:08:45.956 --> 00:08:50.492 we'll see cleaner cities, quieter cities, safer cities, 00:08:50.492 --> 00:08:53.149 more attractive cities, more productive cities, 00:08:53.149 --> 00:08:55.916 and stronger community in those cities — 00:08:55.916 --> 00:08:58.164 public transport, recycling, reusing, 00:08:58.164 --> 00:09:02.213 all sorts of things that bring communities together. 00:09:02.213 --> 00:09:04.070 We can do that, but we have to think, 00:09:04.070 --> 00:09:06.350 we have to invest, we have to plan. NOTE Paragraph 00:09:06.350 --> 00:09:08.521 Let me turn to energy. 00:09:08.521 --> 00:09:11.743 Now, energy over the last 25 years 00:09:11.743 --> 00:09:13.979 has increased by about 50 percent. 00:09:13.979 --> 00:09:16.596 Eighty percent of that comes from fossil fuels. 00:09:16.596 --> 00:09:18.254 Over the next 20 years, 00:09:18.254 --> 00:09:22.030 perhaps it will increase by another 40 percent or so. 00:09:22.030 --> 00:09:24.564 We have to invest strongly in energy, 00:09:24.564 --> 00:09:27.838 we have to use it much more efficiently, 00:09:27.838 --> 00:09:29.526 and we have to make it clean. 00:09:29.526 --> 00:09:30.856 We can see how to do that. 00:09:30.856 --> 00:09:32.760 Take the example of California. 00:09:32.760 --> 00:09:35.370 It would be in the top 10 countries in the world 00:09:35.370 --> 00:09:37.913 if it was independent. 00:09:37.913 --> 00:09:40.478 I don't want to start any — 00:09:40.478 --> 00:09:43.976 (Laughter) 00:09:43.976 --> 00:09:45.821 California's a big place. 00:09:45.821 --> 00:09:47.869 (Laughter) 00:09:47.869 --> 00:09:50.610 In the next five or six years, 00:09:50.610 --> 00:09:53.324 they will likely move from 00:09:53.324 --> 00:09:55.563 around 20 percent in renewables — 00:09:55.563 --> 00:09:57.320 wind, solar and so on — 00:09:57.320 --> 00:09:59.793 to over 33 percent, 00:09:59.793 --> 00:10:02.232 and that would bring California back 00:10:02.232 --> 00:10:04.765 to greenhouse gas emissions in 2020 00:10:04.765 --> 00:10:06.722 to where they were in 1990, 00:10:06.722 --> 00:10:08.466 a period when the economy in California 00:10:08.466 --> 00:10:09.898 would more or less have doubled. 00:10:09.898 --> 00:10:11.348 That's a striking achievement. 00:10:11.348 --> 00:10:12.831 It shows what can be done. 00:10:12.831 --> 00:10:16.138 Not just California — the incoming government of India 00:10:16.138 --> 00:10:19.164 is planning to get solar technology 00:10:19.164 --> 00:10:20.536 to light up the homes 00:10:20.536 --> 00:10:22.246 of 400 million people 00:10:22.246 --> 00:10:24.311 who don't have electricity in India. 00:10:24.311 --> 00:10:26.791 They've set themselves a target of five years. 00:10:26.791 --> 00:10:30.020 I think they've got a good chance of doing that. 00:10:30.020 --> 00:10:32.679 We'll see, but what you're seeing now 00:10:32.679 --> 00:10:34.990 is people moving much more quickly. 00:10:34.990 --> 00:10:36.724 Four hundred million, more than the population 00:10:36.724 --> 00:10:38.850 of the United States. 00:10:38.850 --> 00:10:40.943 Those are the kinds of ambitions now 00:10:40.943 --> 00:10:42.649 people are setting themselves 00:10:42.649 --> 00:10:47.129 in terms of rapidity of change. 00:10:47.129 --> 00:10:49.099 Again, you can see 00:10:49.099 --> 00:10:50.880 good decisions can bring quick results, 00:10:50.880 --> 00:10:53.913 and those two transformations, the economy and the structure 00:10:53.913 --> 00:10:55.904 and the climate and the low carbon, 00:10:55.904 --> 00:10:58.447 are intimately intertwined. 00:10:58.447 --> 00:11:00.269 Do the first one well, the structural, 00:11:00.269 --> 00:11:02.250 the second one on the climate 00:11:02.250 --> 00:11:05.432 becomes much easier. NOTE Paragraph 00:11:05.432 --> 00:11:07.221 Look at land, 00:11:07.221 --> 00:11:09.809 land and particularly forests. 00:11:09.809 --> 00:11:12.869 Forests are the hosts to valuable 00:11:12.869 --> 00:11:15.398 plant and animal species. 00:11:15.398 --> 00:11:17.746 They hold water in the soil 00:11:17.746 --> 00:11:20.664 and they take carbon dioxide out of the atmosphere, 00:11:20.664 --> 00:11:23.733 fundamental to the tackling of climate change. 00:11:23.733 --> 00:11:25.965 But we're losing our forests. 00:11:25.965 --> 00:11:28.792 In the last decade, we've lost a forest area 00:11:28.792 --> 00:11:30.935 the size of Portugal, 00:11:30.935 --> 00:11:33.398 and much more has been degraded. 00:11:33.398 --> 00:11:35.153 But we're already seeing 00:11:35.153 --> 00:11:37.560 that we can do so much about that. 00:11:37.560 --> 00:11:39.597 We can recognize the problem, but we can also 00:11:39.597 --> 00:11:41.711 understand how to tackle it. 00:11:41.711 --> 00:11:44.366 In Brazil, the rate of deforestation 00:11:44.366 --> 00:11:46.383 has been reduced by 70 percent 00:11:46.383 --> 00:11:48.945 over the last 10 years. 00:11:48.945 --> 00:11:51.930 How? By involving local communities, 00:11:51.930 --> 00:11:54.751 investing in their agriculture and their economies, 00:11:54.751 --> 00:11:56.851 by monitoring more carefully, 00:11:56.851 --> 00:12:00.496 by enforcing the law more strictly. NOTE Paragraph 00:12:00.496 --> 00:12:02.386 And it's not just stopping deforestation. 00:12:02.386 --> 00:12:04.827 That's of course of first and fundamental importance, 00:12:04.827 --> 00:12:08.449 but it's also regrading degraded land, 00:12:08.449 --> 00:12:12.849 regenerating, rehabilitating degraded land. 00:12:12.849 --> 00:12:16.729 I first went to Ethiopia in 1967. 00:12:16.729 --> 00:12:19.204 It was desperately poor. In the following years, 00:12:19.204 --> 00:12:20.950 it suffered devastating famines 00:12:20.950 --> 00:12:24.806 and profoundly destructive social conflict. 00:12:24.806 --> 00:12:27.640 Over the last few years, actually more than a few, 00:12:27.640 --> 00:12:30.565 Ethiopia has been growing much more rapidly. 00:12:30.565 --> 00:12:32.455 It has ambitions to be a middle-income country 00:12:32.455 --> 00:12:34.960 15 years from now 00:12:34.960 --> 00:12:37.203 and to be carbon neutral. 00:12:37.203 --> 00:12:40.251 Again, I think it's a strong ambition 00:12:40.251 --> 00:12:42.546 but it is a plausible one. 00:12:42.546 --> 00:12:43.957 You're seeing that commitment there. 00:12:43.957 --> 00:12:45.223 You're seeing what can be done. 00:12:45.223 --> 00:12:47.788 Ethiopia is investing in clean energy. 00:12:47.788 --> 00:12:51.410 It's working in the rehabilitation of land. 00:12:51.410 --> 00:12:53.840 In Humbo, in southwest Ethiopia, 00:12:53.840 --> 00:12:55.257 a wonderful project 00:12:55.257 --> 00:12:57.440 to plant trees on degraded land 00:12:57.440 --> 00:12:59.060 and work with local communities 00:12:59.060 --> 00:13:01.509 on sustainable forest management 00:13:01.509 --> 00:13:04.550 has led to big increases in living standards. NOTE Paragraph 00:13:04.550 --> 00:13:08.414 So we can see, from Beijing to London, 00:13:08.414 --> 00:13:10.703 from California to India, 00:13:10.703 --> 00:13:13.830 from Brazil to Ethiopia, 00:13:13.830 --> 00:13:15.439 we do understand 00:13:15.439 --> 00:13:17.644 how to manage those two transformations, 00:13:17.644 --> 00:13:19.573 the structural and the climate. 00:13:19.573 --> 00:13:23.752 We do understand how to manage those well. 00:13:23.752 --> 00:13:26.530 And technology is changing very rapidly. 00:13:26.530 --> 00:13:28.937 I don't have to list all those things 00:13:28.937 --> 00:13:30.828 to an audience like this, 00:13:30.828 --> 00:13:33.122 but you can see the electric cars, 00:13:33.122 --> 00:13:36.206 you can see the batteries using new materials. 00:13:36.206 --> 00:13:38.601 You can see that we can manage remotely now 00:13:38.601 --> 00:13:42.156 our household appliances on our mobile phones when we're away. 00:13:42.156 --> 00:13:43.963 You can see better insulation. 00:13:43.963 --> 00:13:45.886 And there's much more coming. NOTE Paragraph 00:13:45.886 --> 00:13:48.283 But, and it's a big but, 00:13:48.283 --> 00:13:49.892 the world as a whole 00:13:49.892 --> 00:13:52.670 is moving far too slowly. 00:13:52.670 --> 00:13:55.212 We're not cutting emissions in the way we should. 00:13:55.212 --> 00:13:57.923 We're not managing those structural transformations 00:13:57.923 --> 00:14:00.152 as we can. 00:14:00.152 --> 00:14:03.391 The depth of understanding of the immense risks of climate change 00:14:03.391 --> 00:14:06.970 are not there yet. 00:14:06.970 --> 00:14:09.101 The depth of understanding 00:14:09.101 --> 00:14:11.586 of the attractiveness of what we can do 00:14:11.586 --> 00:14:15.250 is not there yet. 00:14:15.250 --> 00:14:18.748 We need political pressure to build. 00:14:18.748 --> 00:14:22.280 We need leaders to step up. 00:14:22.280 --> 00:14:25.779 We can have better growth, 00:14:25.779 --> 00:14:29.986 better climate, a better world. 00:14:29.986 --> 00:14:31.798 We can make, 00:14:31.798 --> 00:14:34.578 by managing those two transformations well, 00:14:34.578 --> 00:14:38.866 the next 100 years the best of centuries. 00:14:38.866 --> 00:14:40.093 If we make a mess of it, 00:14:40.093 --> 00:14:43.240 we, you and me, if we make a mess of it, 00:14:43.240 --> 00:14:45.713 if we don't manage those transformations properly, 00:14:45.713 --> 00:14:48.604 it will be, the next 100 years 00:14:48.604 --> 00:14:51.335 will be the worst of centuries. 00:14:51.335 --> 00:14:53.227 That's the major conclusion 00:14:53.227 --> 00:14:56.358 of the report on the economy and climate 00:14:56.358 --> 00:15:00.227 chaired by ex-President Felipe Calderón of Mexico, 00:15:00.227 --> 00:15:02.407 and I co-chaired that with him, 00:15:02.407 --> 00:15:04.360 and we handed that report yesterday 00:15:04.360 --> 00:15:07.350 here in New York, in the United Nations Building 00:15:07.350 --> 00:15:08.822 to the Secretary-General of the U.N., 00:15:08.822 --> 00:15:10.088 Ban Ki-moon. 00:15:10.088 --> 00:15:14.193 We know that we can do this. NOTE Paragraph 00:15:14.193 --> 00:15:17.575 Now, two weeks ago, 00:15:17.575 --> 00:15:20.975 I became a grandfather for the fourth time. 00:15:20.975 --> 00:15:23.107 Our daughter — 00:15:23.107 --> 00:15:33.710 (Baby cries) (Laughter) (Applause) — 00:15:33.710 --> 00:15:36.621 Our daughter gave birth to Rosa here in New York 00:15:36.621 --> 00:15:39.626 two weeks ago. Here are Helen and Rosa. 00:15:39.626 --> 00:15:44.115 (Applause) 00:15:46.870 --> 00:15:49.838 Two weeks old. 00:15:49.838 --> 00:15:55.525 Are we going to look our grandchildren in the eye 00:15:55.525 --> 00:15:59.272 and tell them that we understood the issues, 00:15:59.272 --> 00:16:02.590 that we recognized the dangers and the opportunities, 00:16:02.590 --> 00:16:06.831 and still we failed to act? 00:16:06.831 --> 00:16:10.310 Surely not. Let's make the next 100 years 00:16:10.310 --> 00:16:12.116 the best of centuries. NOTE Paragraph 00:16:12.116 --> 00:16:16.116 (Applause)