The text below is the transcript from the Connect with Climate Change Highlights video.

Video Title: Connect with Climate Change Highlights

When we resolve conundrums, full of mystery and doubt, they become challenges.
I think that’s really a once in a decade if not more opportunity to help more radically shift you know the trajectory of our economies that would have been possible under normal circumstances in a sustainable direction.

COP 26 is not going to be about more mystifying conundrums, it’s about using the knowledge we’ve gained to begin to really meet the challenges and ground the actions for change.

The financial conundrum for me, is about what is the implication of climate change?

We need to understand what impact climate change will have on our financial position in the future, as well as how we are going to live.

In all of these changes in the financial sector, the accounting profession is really important and it may well be that accountants have to be seen to move from being a rather grey profession, to an extraordinary green one.

On some of the technologies we’ve made huge strides already, particularly in the wind sector, offshore and onshore wind. I mean offshore wind, the most recent auction we had there for capacity, it was the auction clear that a price lower than the wholesale electricity price in the UK. 

So this isn’t about subsidy anymore, it’s about price stability. So from that point of view, there is no economic restriction on being able to roll out wind as quickly and as fastly as possible.