WEBVTT - Building a future where humanity will thrive, with Achim Steiner

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<v Speaker 1>Welcome to zero. I am Akshatrati this week, progress regress,

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<v Speaker 1>and a grand vision for the future. Human development over

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<v Speaker 1>the past hundred years can be easily measured in rapidly

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<v Speaker 1>increasing wealth, health, and better opportunities for a growing population.

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<v Speaker 1>That progress, granted, has not been evenly distributed, and yet

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<v Speaker 1>it is a story shared by billions around the world,

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<v Speaker 1>including my own family in India. One of the things

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<v Speaker 1>that concerns me most about climate change is that it

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<v Speaker 1>may erode those markers of development, undoing decades of hard work,

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<v Speaker 1>and by some measures, it's already happening. The Human Development

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<v Speaker 1>Index has followed a steady upward trend since it was

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<v Speaker 1>introduced in the nineteen nineties. Now it has been done

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<v Speaker 1>to fall. But really what excites me about the coming

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<v Speaker 1>decades is that many of the solutions to our climate problem,

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<v Speaker 1>clean energy, a more just inclusive financial system, inevitable international collaboration,

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<v Speaker 1>all have the potential to radically transform people's lives. Build

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<v Speaker 1>this future, and humanity will continue to thrive. This view

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<v Speaker 1>is one of the driving forces behind the work of

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<v Speaker 1>my guest today, Achim Steiner. He's the head of the

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<v Speaker 1>United Nations Development Program, which works in one hundred and

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<v Speaker 1>seventy countries to promote sustainable development, democracy, peace and resilience.

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<v Speaker 1>We are a development institution that believes in the future,

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<v Speaker 1>the notion of living in the age of the anthroposcene.

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<v Speaker 1>It is very much about understanding that we are failing

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<v Speaker 1>to respond as a human family to the magnitude of

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<v Speaker 1>the challenges of our time. But behind that is a

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<v Speaker 1>second story. We live in an age of extraordinary possibility.

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<v Speaker 1>The UNDP is one of the oldest institutions in the

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<v Speaker 1>United Nations and uses it's roughly four billion dollars annual

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<v Speaker 1>budget to work with twenty two thousand people around the globe,

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<v Speaker 1>combating issues as wide ranging as access to HIV and AIDS, medication, poverty, eradication,

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<v Speaker 1>and digital inclusion. I sat down with Akim at the

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<v Speaker 1>World Economic Forum in Davos earlier this year to talk

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<v Speaker 1>about the opportunities and threats climate change poses to global development,

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<v Speaker 1>how countries can plan for more climate refugees, and what

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<v Speaker 1>a rising inequality means for a world facing multiple crises. Akim,

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<v Speaker 1>welcome to the show. Pleasure to be here, Thank you now.

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<v Speaker 1>Climate change threatens to reverse progress on many of the

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<v Speaker 1>development indicators like poverty, prosperity, education. Is climate change the

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<v Speaker 1>biggest threat to human development over the next century? You know,

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<v Speaker 1>it has already emerged as one of the biggest threats,

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<v Speaker 1>and I would say there's not even over the next century.

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<v Speaker 1>I think it is probably over the next few decades.

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<v Speaker 1>One of the things that I think we're all beginning

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<v Speaker 1>to realize right now is that we have arrived in

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<v Speaker 1>the age of climate change, not just as a scientific proposition,

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<v Speaker 1>not as some would still perhaps want to portray the

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<v Speaker 1>science fiction. You know, just a few days ago we

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<v Speaker 1>hosted in Geneva a meeting to bring the world together

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<v Speaker 1>to support Pakistan and trying to recover from these catastrophic

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<v Speaker 1>floods last year, where one third of the country was inundated.

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<v Speaker 1>Climate change is beginning to impact literally hundreds of millions

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<v Speaker 1>of people. So yes, I think it is genuinely the

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<v Speaker 1>greatest threat to the future of development. But and here

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<v Speaker 1>in lines also in a sense, the other half of

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<v Speaker 1>the coin, it is also the greatest opportunity to transform

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<v Speaker 1>development in the twenty first century from being essentially an extractive, polluting,

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<v Speaker 1>and often depreciating pathway to how we have grown our

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<v Speaker 1>economy as our GDP at great expense to people, health

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<v Speaker 1>impacts from pollution, loss, biodiversity, ecosystems, and now climate change,

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<v Speaker 1>which is literally taking us to a tipping point in

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<v Speaker 1>terms of many of the fundamental life support systems on

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<v Speaker 1>the planet. So a very dark scenario if we don't act,

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<v Speaker 1>and actually a potentially transformative scenario if we do act. Indeed,

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<v Speaker 1>the inter Governmental Panel on Climate Change, which puts out

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<v Speaker 1>these massive, thousands of pages reports every six to seven years,

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<v Speaker 1>those reports aren't read widely, but if you do get

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<v Speaker 1>a chance to read one of those reports, what you

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<v Speaker 1>see is it paints a picture first off, devastation that's coming,

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<v Speaker 1>that has come, what we need to do to address it.

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<v Speaker 1>And then it goes into this direction which has become

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<v Speaker 1>a new direction for it, which is, if you do

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<v Speaker 1>implement those solutions, the world becomes a better place, not

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<v Speaker 1>just better in terms of where we are headed now

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<v Speaker 1>if we could use the technologies we do have now,

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<v Speaker 1>but just better in all the metrics that humans would

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<v Speaker 1>consider as progress metrics. Indeed, and I think this has

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<v Speaker 1>been in a sense the extraordinary story of the late

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<v Speaker 1>twenties century the early twenty first century, that here is

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<v Speaker 1>humanity with seven eight billion people seeing red lines flashing

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<v Speaker 1>on all major radar screens. In terms of the future,

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<v Speaker 1>where it is on pollution, where it is on the

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<v Speaker 1>prospit of far greater frequency of natural disasters, extreme weather events,

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<v Speaker 1>many of the things that actually threaten hundreds of years

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<v Speaker 1>of progressive development, in terms of our infrastructure, in terms

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<v Speaker 1>of our ability to survive in for example, small island

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<v Speaker 1>developing states that may simply disappear with C level rise.

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<v Speaker 1>And you are right in some ways these are very

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<v Speaker 1>scientific and complex documents. They also are a reflection of

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<v Speaker 1>a journey of discovery that humanity has gone through. And

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<v Speaker 1>thankfully because the UN was able to establish an inter

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<v Speaker 1>governmental panel on climate change independent of national interests of

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<v Speaker 1>industry lobbing. It is really a documentation of the state

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<v Speaker 1>of knowledge about climate change. Now none of us have

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<v Speaker 1>to read it, because we also go to a doctor

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<v Speaker 1>and you allow them to operate on us without having

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<v Speaker 1>studied the manual for a surgery. And I think this

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<v Speaker 1>is the same. The scientists of the world are giving

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<v Speaker 1>us both an understanding of the threat of inaction, what

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<v Speaker 1>climate change means if it simply continues, and what we

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<v Speaker 1>have seen increasingly is across the world, a twenty first

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<v Speaker 1>century economy being invented, reinvented, the green economy, the clean economy,

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<v Speaker 1>the decarbonization pathway. And I think from where I sit

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<v Speaker 1>today as head of our United Nations Development program, my

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<v Speaker 1>focus is exclusively on how to actually think about the

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<v Speaker 1>future of development as an opportunity decarbonization today, the prospect

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<v Speaker 1>of having renewable energy, infrastructure and electricity supplies available in

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<v Speaker 1>ways that perhaps would have been unimaginable ten years ago

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<v Speaker 1>addresses so many of the risks to our society's energy security, pollution,

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<v Speaker 1>their affordability. For example, of connecting hundreds of millions or

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<v Speaker 1>citizens on the African continent while still developing national grid infrastructure,

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<v Speaker 1>mini grade off greate, solar renewable these are all shortcuts

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<v Speaker 1>to access to electricity. And you know, one thing that

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<v Speaker 1>we have learned in the last few hundred years is

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<v Speaker 1>that energy and particular electricity, our fundamental drivers of development.

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<v Speaker 1>So even for addressing poverty, eradication, addressing the inequality that

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<v Speaker 1>exists across the planet today, these kinds of technologies are

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<v Speaker 1>in fact the accelerators for development, including addressing energy poverty.

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<v Speaker 1>Right now, we shall come to how the UNDP is

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<v Speaker 1>addressing some of those concerns that feed both the development

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<v Speaker 1>agenda and the climate agenda. But let's just take a

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<v Speaker 1>step back in history. We talked about the inter Governmental

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<v Speaker 1>Panel on Climate Change. It's only about thirty years old.

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<v Speaker 1>The unf tripl C, which is the unbody behind the

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<v Speaker 1>climate activities that are held every year, the copy events

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<v Speaker 1>that are held, is also only a little bit more

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<v Speaker 1>than thirty years old. The UNDB was created at nineteen

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<v Speaker 1>sixty five, much before we thought of climate as a threat.

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<v Speaker 1>So just walk us through the brief history of why

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<v Speaker 1>the UNDB was created and what briefly you think it

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<v Speaker 1>has achieved over the past fifty years. Well, first of all,

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<v Speaker 1>I think one always has to look at an organization

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<v Speaker 1>such as the United Nations Development Prize being embedded in

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<v Speaker 1>the United Nations system. The United Nations since its establishment,

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<v Speaker 1>has had multiple mandates. Keeping the peace or avoiding conflict

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<v Speaker 1>certainly is at the center of it, but so is

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<v Speaker 1>the humanitarian work that we do, you know, when disaster strikes,

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<v Speaker 1>when conflicts occur. But increasingly throughout the fifties and sixties,

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<v Speaker 1>the development mandate began to become much more central because

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<v Speaker 1>as developing countries were becoming independent nations as also, the

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<v Speaker 1>acceleration of industrialization led to essentially a divergent pathway where wealthy,

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<v Speaker 1>industrialized nations were growing very fast, and yet developing countries

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<v Speaker 1>were lacking the technologies, the skills, the institutional capacities, and

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<v Speaker 1>also the capital to invest in the accelerated development that

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<v Speaker 1>we will seeing across the planet. There was an increasing

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<v Speaker 1>realization that a few nations developing fast and billions of

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<v Speaker 1>people being left behind is not a very viable proposition.

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<v Speaker 1>So UNDP initially was set up as a funding mechanism

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<v Speaker 1>to bring more resources to accelerating development support to countries. Now,

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<v Speaker 1>obviously development is not something that is static. We sometimes

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<v Speaker 1>look at development as if it's a matter of helping

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<v Speaker 1>a country to get to a certain level of capital

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<v Speaker 1>or GDP per capital, and that puts countries into least

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<v Speaker 1>developed countries, middle income countries, other middle income countries, let's say,

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<v Speaker 1>in a sense, anachronism, because really development is the continuous

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<v Speaker 1>pursuit of choices and options that societies have to make

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<v Speaker 1>about their future. Initially, early on, it was about access

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<v Speaker 1>to education, healthcare, basic infrastructure, electricity. Then decided addressing also

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<v Speaker 1>new threats such as the advent of AIDS, non communicable diseases.

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<v Speaker 1>Today they live in an age where, for example, digitalization

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<v Speaker 1>is fundamentally changing the trajectory of development. How do we

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<v Speaker 1>achieve digital inclusion? How do we also address phenomena that

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<v Speaker 1>have to do, for example, with discrimination. Today we have

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<v Speaker 1>the twenty thirty Agenda, the Sustainable Development Goals, a smarter,

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<v Speaker 1>a also more contemporary view. The development is not solved

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<v Speaker 1>by silver bullets, not by solving one problem alone. We

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<v Speaker 1>are talking about economic transitions, ecological transitions, addressing issues of

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<v Speaker 1>social justice and inequality that you are really beginning to

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<v Speaker 1>tear societies apart. Inequality, the obvious inaction on climate change

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<v Speaker 1>and environmental destruction, getting more and more people to the

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<v Speaker 1>point where they lose faith in the institutions of government,

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<v Speaker 1>maybe in the economy, in businesses. And that's the point

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<v Speaker 1>at which we today work with governments addressing this complex,

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<v Speaker 1>this sense of uncertainty about the future now that can

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<v Speaker 1>suddenly start to film very overwhelming. So one way in

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<v Speaker 1>which when I was thinking about speaking to you was

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<v Speaker 1>just the story of my life. I come from India,

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<v Speaker 1>I grew up there. My grandfather completed high school and

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<v Speaker 1>then got onto a factory floor and was able to

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<v Speaker 1>raise three sons who each went on to eventually start

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<v Speaker 1>a business. And that's why they could make some wealth

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<v Speaker 1>and allow the next generation children like me to be

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<v Speaker 1>able to study abroad and get to sit here in

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<v Speaker 1>Davos and talk to the world's elite. But it was

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<v Speaker 1>a process of prosperity that was backed by fundamentally development

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<v Speaker 1>happening in India. My grandfather lived through a period where

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<v Speaker 1>India would have had the chance of having severe famine

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<v Speaker 1>in the seventies and that didn't happen, partly because of

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<v Speaker 1>development programs like the Green Revolution that brought higher productivity

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<v Speaker 1>to Indian farms. There were other development programs that involved

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<v Speaker 1>money being transferred to India for progress on things like

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<v Speaker 1>rollout of more efficient lighting which saves energy, allowed for

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<v Speaker 1>more people to get access to light at night, which

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<v Speaker 1>improves productivity, which improves outcomes, for women's safety, for education

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<v Speaker 1>among children. These are things that I have seen in

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<v Speaker 1>my lifetime play out. But if we get to the specific,

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<v Speaker 1>can you point to programs that UNDP did in specific

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<v Speaker 1>places that you hold as proud achievements. I think in

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<v Speaker 1>many countries and as I travel today as the head

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<v Speaker 1>of UNDP, the feedback that I receive most often is

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<v Speaker 1>that UNDP has been a partner and companion to developing

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<v Speaker 1>countries for decades. We are not an institution that in

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<v Speaker 1>a sense comes in, lends you some money, or maybe

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<v Speaker 1>implements one project. We are an expression first of all

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<v Speaker 1>of the United Nations commitment to developing countries to be

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<v Speaker 1>a partner to them for the long run, but also

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<v Speaker 1>through sometimes tough times. Increasingly we have also been an

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<v Speaker 1>institution that is associated with good governance. Good governance means transparency,

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<v Speaker 1>it means having no corruption, but it also means how

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<v Speaker 1>citizens can participate, how people don't decide for others what

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<v Speaker 1>is good for them, and also to sure that no

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<v Speaker 1>one is left behind very often, whether we're talking about

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<v Speaker 1>issues of gender, the exclusion of youth, or by ethnicity

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<v Speaker 1>or by age, and perhaps even understanding how indigenous peoples,

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<v Speaker 1>both through their autonomy but also belonging to nation states,

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<v Speaker 1>need to be understood and engage in the development process

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<v Speaker 1>in different ways. So governance also has to with fundamental

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<v Speaker 1>human rights, but above all, it also has to do

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<v Speaker 1>with the role of government and the state in regulating

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<v Speaker 1>and providing in a society for the kinds of judiciary

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<v Speaker 1>and legislative processes that make citizens believe that they're actually

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<v Speaker 1>represented in their country and their views shape the national

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<v Speaker 1>development choices. More recently, we have the way that we

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<v Speaker 1>think about the role of UANDP focused more and more

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<v Speaker 1>on the future of development. We have often focused in

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<v Speaker 1>the past on solving problems that are legacy problems, lack

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<v Speaker 1>of access to education, lack of access to electricity, and

0:13:57.440 --> 0:13:59.520
<v Speaker 1>in the least developed countries that still very often is

0:13:59.520 --> 0:14:03.640
<v Speaker 1>our folks, but for many countries middle income countries also

0:14:04.080 --> 0:14:07.480
<v Speaker 1>who often turned to UNDP for our advice, for our input,

0:14:07.559 --> 0:14:10.320
<v Speaker 1>for our support. It's more the issues of the future.

0:14:10.520 --> 0:14:13.720
<v Speaker 1>How do we deal with inequality growing in most countries,

0:14:13.760 --> 0:14:18.319
<v Speaker 1>how do we deal with industrialization in a decarbonization age,

0:14:18.320 --> 0:14:21.920
<v Speaker 1>how do we deal with essentially transforming our energy systems

0:14:21.960 --> 0:14:25.760
<v Speaker 1>from a fossil fuel hydrocarbon based system to clean energy,

0:14:25.960 --> 0:14:28.720
<v Speaker 1>and how do we deal with digitalization? And also how

0:14:28.720 --> 0:14:30.920
<v Speaker 1>do we deal with the private sector that is not

0:14:30.960 --> 0:14:34.520
<v Speaker 1>only large corporations. Every small scale farmer is a private

0:14:34.520 --> 0:14:38.080
<v Speaker 1>sector actor, every social entrepreneur, every startup is a private

0:14:38.120 --> 0:14:40.720
<v Speaker 1>sector operator. But if we think about it from the

0:14:40.800 --> 0:14:43.600
<v Speaker 1>historical lens. One thing that we didn't touch upon in

0:14:43.640 --> 0:14:46.960
<v Speaker 1>my story is India was a colony of Britain, and

0:14:47.120 --> 0:14:49.560
<v Speaker 1>a lot of the lack of progress and development is

0:14:49.640 --> 0:14:54.880
<v Speaker 1>tied to colonialism, to a period of extraction that happened,

0:14:55.160 --> 0:14:58.200
<v Speaker 1>that took wealth away, that took resources away, that took

0:14:58.720 --> 0:15:01.720
<v Speaker 1>the very fabric of soci the instructure and governance away

0:15:02.120 --> 0:15:06.240
<v Speaker 1>during a period of hundreds of years. Is the UNDP

0:15:06.560 --> 0:15:11.160
<v Speaker 1>in some way an apology from the rich countries. Reparations

0:15:11.240 --> 0:15:15.160
<v Speaker 1>might be allotted term to help those countries that they colonize,

0:15:15.600 --> 0:15:18.720
<v Speaker 1>which are now run by people who are aware of

0:15:18.760 --> 0:15:21.680
<v Speaker 1>the abuses that happened, as a way to ensure that

0:15:21.720 --> 0:15:24.160
<v Speaker 1>those colonies can get back to speed to where they

0:15:24.200 --> 0:15:28.080
<v Speaker 1>were before colonialism. Look, it's an interesting question, and if

0:15:28.160 --> 0:15:31.720
<v Speaker 1>I were to comment on is it an apology? I

0:15:31.720 --> 0:15:34.080
<v Speaker 1>would say, well, given the volume of extraction that happened

0:15:34.440 --> 0:15:37.360
<v Speaker 1>through the colonial period, and if you take the discourse

0:15:37.360 --> 0:15:41.480
<v Speaker 1>about the economic center and the periphery, then UNDPS work

0:15:41.600 --> 0:15:44.560
<v Speaker 1>over the last few decades is a pretty small apologies.

0:15:44.640 --> 0:15:48.120
<v Speaker 1>So I would not necessarily see that as the principal

0:15:48.240 --> 0:15:51.960
<v Speaker 1>rationale for UNDPS existence. I think on the country. It's

0:15:52.040 --> 0:15:55.560
<v Speaker 1>more the growing realization, just like in many societies, that

0:15:56.080 --> 0:15:59.440
<v Speaker 1>if inequality, if the sense of injustice and of exclusion

0:16:00.080 --> 0:16:05.080
<v Speaker 1>grows continuously, it ultimately undermines the fabric and the viability

0:16:05.080 --> 0:16:08.320
<v Speaker 1>of societies. We live today in the twenty first century

0:16:08.360 --> 0:16:11.520
<v Speaker 1>in a globalized economy, but it's not only about trade.

0:16:11.520 --> 0:16:15.200
<v Speaker 1>People try to reduce globalization to trade and essentially you

0:16:15.280 --> 0:16:18.640
<v Speaker 1>know how countries can export and input from one another.

0:16:19.200 --> 0:16:21.560
<v Speaker 1>We also live in an age where we are connected

0:16:21.600 --> 0:16:24.360
<v Speaker 1>to each other by news, by for example, the pollution

0:16:24.440 --> 0:16:28.240
<v Speaker 1>of one country determining the very fate of another country

0:16:28.280 --> 0:16:31.120
<v Speaker 1>five thousand miles away in the Pacific. We need to

0:16:31.200 --> 0:16:34.080
<v Speaker 1>have a mature reflection on what is it that has

0:16:34.120 --> 0:16:36.640
<v Speaker 1>gone wrong with globalization, which essentially was a sort of

0:16:37.080 --> 0:16:41.440
<v Speaker 1>unleashing of economic forces in a very unequal world. So

0:16:41.480 --> 0:16:45.520
<v Speaker 1>it also created extraordinary progress. Let's not deny that China

0:16:45.600 --> 0:16:48.240
<v Speaker 1>would not have been able to reduce the number of

0:16:48.240 --> 0:16:51.280
<v Speaker 1>people living in poverty and extreme poverty by seven hundred

0:16:51.320 --> 0:16:54.640
<v Speaker 1>million over the last twenty five thirty years. India, just

0:16:54.720 --> 0:16:57.760
<v Speaker 1>in the last few years, again through economic growth and

0:16:57.920 --> 0:17:01.760
<v Speaker 1>job creation, has helped one hundred million people escape poverty.

0:17:02.240 --> 0:17:04.320
<v Speaker 1>But you know, at the same time, people are not

0:17:04.440 --> 0:17:08.840
<v Speaker 1>only per capita income creatures. We're not robots. We also

0:17:08.880 --> 0:17:10.960
<v Speaker 1>look at injustice. We know so much more about what

0:17:11.080 --> 0:17:14.520
<v Speaker 1>is possible, and when we, for example, discuss an issue

0:17:14.560 --> 0:17:17.719
<v Speaker 1>such as migration today, migration is very often also an

0:17:17.720 --> 0:17:21.280
<v Speaker 1>expression of hopelessness. It's sometimes the product of conflict, of

0:17:21.359 --> 0:17:23.959
<v Speaker 1>extreme disasters, but more often than all that it is

0:17:24.000 --> 0:17:26.560
<v Speaker 1>young people looking at what their life would look like

0:17:26.600 --> 0:17:29.560
<v Speaker 1>if they stayed at home, or seeing every day what

0:17:29.760 --> 0:17:32.720
<v Speaker 1>life could be like if you were somewhere else. This

0:17:32.800 --> 0:17:36.760
<v Speaker 1>translates into terrible debates about migration that I find very

0:17:36.760 --> 0:17:40.880
<v Speaker 1>often offensive, because, particularly in societies that actually have benefited

0:17:40.920 --> 0:17:45.159
<v Speaker 1>from migration themselves have been the product of migration, sometimes

0:17:45.200 --> 0:17:48.359
<v Speaker 1>take the harshest view of migrants today. The very fact

0:17:48.440 --> 0:17:50.560
<v Speaker 1>is we have always been a world that has moved around,

0:17:51.400 --> 0:17:55.560
<v Speaker 1>but inequality has created such amplification of these pressure points

0:17:55.560 --> 0:17:57.760
<v Speaker 1>that we are no longer managing it in a way

0:17:57.800 --> 0:18:00.679
<v Speaker 1>that is actually a positive. It is dividing as it

0:18:00.760 --> 0:18:04.080
<v Speaker 1>is polarizing us. And so going back to your example

0:18:04.080 --> 0:18:06.760
<v Speaker 1>of India, you know, India just in the last few

0:18:06.840 --> 0:18:10.200
<v Speaker 1>years has again demonstrated that there is always a historical

0:18:10.800 --> 0:18:14.119
<v Speaker 1>narrative and also a reason for where things in a

0:18:14.160 --> 0:18:17.200
<v Speaker 1>sense emanated from. But we've also seen in the story

0:18:17.240 --> 0:18:19.639
<v Speaker 1>of India is that it is reinventing itself in the

0:18:19.680 --> 0:18:22.320
<v Speaker 1>twenty first century. Who would have thought ten years ago

0:18:22.359 --> 0:18:25.520
<v Speaker 1>that India would today be the largest investor in a

0:18:25.560 --> 0:18:29.359
<v Speaker 1>short period of just ten years of building four hundred

0:18:29.359 --> 0:18:34.840
<v Speaker 1>and fifty thousand megawats of clean energy infrastructure in India. Yeah,

0:18:34.880 --> 0:18:38.040
<v Speaker 1>these are the kinds of revolutions that also have increasingly

0:18:38.080 --> 0:18:41.320
<v Speaker 1>to do with how governments and how economies make choices.

0:18:41.600 --> 0:18:44.359
<v Speaker 1>Let's try and put some numbers to how much money

0:18:44.520 --> 0:18:48.480
<v Speaker 1>is spent from the UNDP relative to other organizations. So

0:18:48.560 --> 0:18:51.320
<v Speaker 1>the unf Triple c has a budget of tens of

0:18:51.400 --> 0:18:55.240
<v Speaker 1>millions of euros. It's based in bond in Germany. That's

0:18:55.240 --> 0:18:58.360
<v Speaker 1>why the budget is in euros. The UNDP, the last

0:18:58.440 --> 0:19:01.359
<v Speaker 1>numbers we checked was that you raise about six and

0:19:01.400 --> 0:19:03.640
<v Speaker 1>a half billion dollars and you give out about four

0:19:03.680 --> 0:19:07.080
<v Speaker 1>and a half billion dollars. There's some surplus that's orders

0:19:07.080 --> 0:19:10.679
<v Speaker 1>of magnitude more than what a climate change committee is

0:19:10.720 --> 0:19:14.320
<v Speaker 1>able to pull off. What specifically happens with that money,

0:19:14.760 --> 0:19:18.120
<v Speaker 1>and that may be large money relative to what we're

0:19:18.119 --> 0:19:21.560
<v Speaker 1>talking in climate world, but it's very small money relative

0:19:21.640 --> 0:19:26.800
<v Speaker 1>to any large economies government budget. So what do you

0:19:26.840 --> 0:19:29.919
<v Speaker 1>do with it? And how do you ensure that with

0:19:30.040 --> 0:19:34.240
<v Speaker 1>that much money you're able to achieve these really important goals.

0:19:34.840 --> 0:19:36.159
<v Speaker 1>I mean, first of all, just put a little bit

0:19:36.160 --> 0:19:38.600
<v Speaker 1>of perspective on the We receive six now billion, but

0:19:38.680 --> 0:19:40.480
<v Speaker 1>we only spend four now a billion might make some

0:19:40.520 --> 0:19:43.119
<v Speaker 1>people say, well, we have two billion gns. So in

0:19:43.200 --> 0:19:45.720
<v Speaker 1>part this has to do that during COVID in the crisis,

0:19:46.240 --> 0:19:49.800
<v Speaker 1>we receive multi year financing agreements. Therefore, in one year

0:19:49.840 --> 0:19:53.240
<v Speaker 1>our income may be six now billion, but is actually

0:19:53.240 --> 0:19:55.160
<v Speaker 1>to them be spent over two or three years. So

0:19:55.520 --> 0:19:58.000
<v Speaker 1>on average, UNDP at the moment has roughly four and

0:19:58.040 --> 0:20:02.360
<v Speaker 1>a half billion dollars at Many different countries, including many

0:20:02.400 --> 0:20:06.240
<v Speaker 1>developing countries, invest in order to have UNDP as a

0:20:06.280 --> 0:20:09.320
<v Speaker 1>partner at their side, and these four and a half

0:20:09.359 --> 0:20:11.280
<v Speaker 1>billion dollars enable us first of all, to be the

0:20:11.320 --> 0:20:15.280
<v Speaker 1>backbone to the United Nations development system. Because UNDP has

0:20:15.320 --> 0:20:19.840
<v Speaker 1>this remarkable presence across the globe. We operate in one

0:20:19.920 --> 0:20:23.919
<v Speaker 1>hundred and seventy countries, virtually unmatched by any other development organization.

0:20:24.040 --> 0:20:27.000
<v Speaker 1>We are part if you want, in many respects of

0:20:27.040 --> 0:20:31.240
<v Speaker 1>the national development ecosystem, and in that sense a partner

0:20:31.280 --> 0:20:35.840
<v Speaker 1>that countries turned to sometimes to think about very taxing issues,

0:20:35.880 --> 0:20:39.840
<v Speaker 1>short term crisis, but also to think about yes, energy transition,

0:20:39.880 --> 0:20:44.479
<v Speaker 1>addressing social injustice, eradication of poverty. So do you have

0:20:44.520 --> 0:20:48.639
<v Speaker 1>a number that says for every dollar that UNDB spends,

0:20:48.680 --> 0:20:51.840
<v Speaker 1>there is x amount of dollars that come from other places,

0:20:51.840 --> 0:20:54.520
<v Speaker 1>that other governments, from private sector to support the goals

0:20:54.560 --> 0:20:57.000
<v Speaker 1>that you're pursuing. It's very difficult to do that because

0:20:57.600 --> 0:20:59.760
<v Speaker 1>I mean we receive four and a half billion dollars

0:20:59.760 --> 0:21:02.080
<v Speaker 1>in new made a contrast, for example, the UNF Triple C,

0:21:02.240 --> 0:21:05.800
<v Speaker 1>the Framework Convention Secretary of the Climate Change Convention. Now

0:21:06.320 --> 0:21:10.159
<v Speaker 1>the mandate of the Convention and the Secretary is essentially

0:21:10.200 --> 0:21:14.199
<v Speaker 1>to convene the conference of the parties to support and

0:21:14.320 --> 0:21:18.080
<v Speaker 1>monitor the implementation of that agreement. We are actually the

0:21:18.200 --> 0:21:22.240
<v Speaker 1>largest implementer of climate change support projects across the world,

0:21:22.240 --> 0:21:25.440
<v Speaker 1>so we actually work very much in tandem in complementarity

0:21:25.480 --> 0:21:29.160
<v Speaker 1>with UNF Triple C. A Paris Agreement triggers financing through

0:21:29.160 --> 0:21:33.360
<v Speaker 1>the Green Climate Funds, through the Global Environment Facility countries

0:21:33.400 --> 0:21:35.479
<v Speaker 1>then turned to UNDP and say will you work with

0:21:35.600 --> 0:21:38.560
<v Speaker 1>us in order to access this funding, help us invested.

0:21:39.080 --> 0:21:42.760
<v Speaker 1>So we are today the implementer of the largest portfolio

0:21:42.760 --> 0:21:46.399
<v Speaker 1>of climate projects on mitigation, on adaptation in the whole

0:21:46.920 --> 0:21:48.840
<v Speaker 1>UN system. And can we talk about some of those

0:21:48.840 --> 0:21:51.159
<v Speaker 1>specific projects. Yes, let me give you one of the

0:21:51.240 --> 0:21:54.680
<v Speaker 1>latest ones that's starting just now. Renewable energy, particularly in

0:21:54.680 --> 0:21:57.800
<v Speaker 1>the African continent, is still in a sense finding its

0:21:57.840 --> 0:22:02.080
<v Speaker 1>feed both between national regular three frameworks and the opportunity

0:22:02.119 --> 0:22:05.119
<v Speaker 1>in terms of actually a shortcut to access to electricity.

0:22:05.160 --> 0:22:08.040
<v Speaker 1>So on the one hand, we help many countries review

0:22:08.119 --> 0:22:11.360
<v Speaker 1>their energy sector regulatory framework because very often it prevents

0:22:11.720 --> 0:22:14.679
<v Speaker 1>independent power producers. If I have a solar panel, I

0:22:14.760 --> 0:22:17.320
<v Speaker 1>cannot sell my electricity to the national grid. How do

0:22:17.359 --> 0:22:20.679
<v Speaker 1>you change that environment? It's called de risking. At the

0:22:20.680 --> 0:22:24.800
<v Speaker 1>other end is we have with GF funding, launched a

0:22:24.840 --> 0:22:27.760
<v Speaker 1>program in twenty one countries on the African continent now

0:22:27.800 --> 0:22:31.719
<v Speaker 1>on mini grids, essentially helping countries would in place the legislation,

0:22:32.400 --> 0:22:35.840
<v Speaker 1>secure the financing, look at the targeting of where these

0:22:35.880 --> 0:22:40.320
<v Speaker 1>are most effectively deployed, and potentially helping one hundred million

0:22:40.359 --> 0:22:44.680
<v Speaker 1>people to gain access to electricity affordable and clean electricity

0:22:45.080 --> 0:22:48.080
<v Speaker 1>in a few years time. We are also helping, as

0:22:48.080 --> 0:22:50.879
<v Speaker 1>I mentioned at the beginning, countries such as Pakistan to

0:22:51.760 --> 0:22:54.679
<v Speaker 1>raise in the international community and understanding that what happened

0:22:54.760 --> 0:22:57.920
<v Speaker 1>last year with those extreme floods has a great deal

0:22:57.920 --> 0:23:01.199
<v Speaker 1>to the climate change. In EVA, the Secret Journal of

0:23:01.200 --> 0:23:03.280
<v Speaker 1>the UN and the Prime Minister of Pakistan managed to

0:23:03.320 --> 0:23:06.560
<v Speaker 1>bring together an international community to pledge nine billion dollars

0:23:06.560 --> 0:23:11.840
<v Speaker 1>towards a climate resilient reconstruction rehabilitation effort. This is what

0:23:11.920 --> 0:23:15.359
<v Speaker 1>we do every day across the world and across many

0:23:15.400 --> 0:23:19.040
<v Speaker 1>different sectors, depending on where a country sees the greatest priority.

0:23:22.480 --> 0:23:25.560
<v Speaker 1>After the break, why has the human Development index gone

0:23:25.560 --> 0:23:29.680
<v Speaker 1>into decline? And how can we avoid increasing inequality as

0:23:29.760 --> 0:23:45.760
<v Speaker 1>we take climate action? In terms of migration, which is

0:23:45.800 --> 0:23:48.920
<v Speaker 1>something you've touched upon, what we do know is that

0:23:49.160 --> 0:23:54.120
<v Speaker 1>climate migration has begun and it's expected to accelerate because

0:23:54.200 --> 0:23:58.080
<v Speaker 1>emissions haven't fallen to zero, and until they don't, temperatures

0:23:58.080 --> 0:24:01.960
<v Speaker 1>will rise and climate impacts will And so what is

0:24:01.960 --> 0:24:04.879
<v Speaker 1>it that the UNDB is doing now to start dealing

0:24:04.960 --> 0:24:09.000
<v Speaker 1>with what's likely to be an even larger migration event

0:24:09.080 --> 0:24:11.879
<v Speaker 1>happening it's first of all to understand migration is not

0:24:11.920 --> 0:24:14.920
<v Speaker 1>an isolated phenomenon in its own You want to address migration,

0:24:15.040 --> 0:24:18.439
<v Speaker 1>you have to address development. You address development in a

0:24:18.480 --> 0:24:22.560
<v Speaker 1>sense of creating opportunities. You actually first will remove one factor,

0:24:22.600 --> 0:24:25.560
<v Speaker 1>which is the pull factor. I know something on the

0:24:25.560 --> 0:24:29.080
<v Speaker 1>other side of the Atlantic, of the Mediterranean, of the

0:24:29.160 --> 0:24:32.280
<v Speaker 1>border to my neighboring country is so much more promising.

0:24:32.320 --> 0:24:34.879
<v Speaker 1>In fact, the promise needs to be my own country.

0:24:34.960 --> 0:24:37.800
<v Speaker 1>So that is one of the greatest weapons we have

0:24:37.880 --> 0:24:41.639
<v Speaker 1>in terms of avoiding people feeling forced to leave the

0:24:41.680 --> 0:24:44.880
<v Speaker 1>country they call home in order to look for economic

0:24:44.920 --> 0:24:48.800
<v Speaker 1>opportunity elsewhere. That's what when people also say, look development,

0:24:48.840 --> 0:24:51.439
<v Speaker 1>a development corporation, and these things that we did in

0:24:51.480 --> 0:24:53.639
<v Speaker 1>the sixties and seventies, and here I always look the

0:24:53.680 --> 0:24:56.439
<v Speaker 1>era of development at has long passed. What we do

0:24:56.520 --> 0:24:59.159
<v Speaker 1>today is is to have development corporation. We need to

0:24:59.200 --> 0:25:01.800
<v Speaker 1>invest in one another in order to be able to

0:25:01.840 --> 0:25:05.280
<v Speaker 1>tackle the challenges that might have to with climate change

0:25:05.280 --> 0:25:06.760
<v Speaker 1>on the one then, but may also have to do

0:25:06.800 --> 0:25:10.440
<v Speaker 1>with technology, infrastructure and energy on the other. And so

0:25:11.160 --> 0:25:14.960
<v Speaker 1>from my perspective, we need to understand migration first of

0:25:15.000 --> 0:25:18.520
<v Speaker 1>all as something that should be a choice that is

0:25:18.560 --> 0:25:21.320
<v Speaker 1>not forced on you, but that you make because you

0:25:21.320 --> 0:25:23.960
<v Speaker 1>actually believe this is where you want to be. The

0:25:24.080 --> 0:25:25.920
<v Speaker 1>un is doing a lot of work to first of all,

0:25:26.000 --> 0:25:29.480
<v Speaker 1>deal with the pressures around migration. But UNDP in particular

0:25:30.080 --> 0:25:33.040
<v Speaker 1>is an institution that is in the front lines of

0:25:33.080 --> 0:25:36.199
<v Speaker 1>addressing the very factors that push people out of their homes,

0:25:36.720 --> 0:25:40.040
<v Speaker 1>and that has to do, for examples, with climate change

0:25:40.080 --> 0:25:43.880
<v Speaker 1>responses adaptation. How do you help people not lose everything

0:25:44.520 --> 0:25:48.119
<v Speaker 1>when an extreme weather event occurs. How do we invest,

0:25:48.240 --> 0:25:52.159
<v Speaker 1>for example, in rural economies in order to not have

0:25:52.200 --> 0:25:54.240
<v Speaker 1>this phenomenon where more and more people feel they can

0:25:54.280 --> 0:25:57.520
<v Speaker 1>only migrate to the city if they want to survive here. Again,

0:25:57.560 --> 0:26:01.960
<v Speaker 1>digital becomes very interesting. Fiber optic cables that reach provincial

0:26:02.000 --> 0:26:05.920
<v Speaker 1>capitals begin to connect people in the rural areas, means

0:26:05.920 --> 0:26:07.679
<v Speaker 1>that suddenly not only do you have access to a

0:26:07.680 --> 0:26:10.560
<v Speaker 1>new universe or services of markets, you also have young

0:26:10.600 --> 0:26:12.399
<v Speaker 1>people not having to live in a slum in the

0:26:12.440 --> 0:26:14.760
<v Speaker 1>capital city in order to try and make it in

0:26:14.760 --> 0:26:17.720
<v Speaker 1>this new economy. But you can actually go back, live

0:26:17.720 --> 0:26:21.639
<v Speaker 1>with your family and work in that digital economy of

0:26:22.040 --> 0:26:25.040
<v Speaker 1>today where you are physically far less bound to be

0:26:25.119 --> 0:26:28.400
<v Speaker 1>in places where traditionally they were the only point of access.

0:26:29.000 --> 0:26:32.760
<v Speaker 1>It's a way of thinking about development as opportunities abounding,

0:26:33.320 --> 0:26:36.840
<v Speaker 1>but we need good public policy. A key area of

0:26:36.880 --> 0:26:39.800
<v Speaker 1>our work is to help governments quickly learn from each

0:26:39.800 --> 0:26:42.760
<v Speaker 1>other and then help governments to experiment. Because every country

0:26:42.760 --> 0:26:44.760
<v Speaker 1>has its own reality, you have to then adapt to

0:26:45.200 --> 0:26:49.639
<v Speaker 1>national circumstances. Something that the UNDP tracks is the Human

0:26:49.760 --> 0:26:54.040
<v Speaker 1>Development Index. Indeed, and since nineteen ninety the Human Development

0:26:54.040 --> 0:26:58.040
<v Speaker 1>Index was steadily increasing, which meant more people were able

0:26:58.080 --> 0:27:01.679
<v Speaker 1>to live a fuller potential of life. And then in

0:27:01.720 --> 0:27:06.400
<v Speaker 1>twenty nineteen that trend reversed. This is a global average,

0:27:06.480 --> 0:27:10.360
<v Speaker 1>but it has reversed on average, and that was pre COVID.

0:27:11.040 --> 0:27:13.800
<v Speaker 1>In part, pre COVID, we already saw some of the

0:27:14.160 --> 0:27:17.960
<v Speaker 1>economic challenges being phased, but particularly the number that we

0:27:18.040 --> 0:27:22.119
<v Speaker 1>published in the twenty twenty one Human Development Report took

0:27:22.119 --> 0:27:25.080
<v Speaker 1>COVID into account. And the remarkable thing is that for

0:27:25.119 --> 0:27:27.480
<v Speaker 1>the first time in over thirty years of the Human

0:27:27.520 --> 0:27:31.679
<v Speaker 1>Development Report being produced and the Human Development Index being calculated,

0:27:32.359 --> 0:27:34.920
<v Speaker 1>we have seen two consecutive years in which the Human

0:27:34.960 --> 0:27:38.320
<v Speaker 1>Development Index has gone backwards. But you know, not just

0:27:38.359 --> 0:27:40.919
<v Speaker 1>as an average. In fact, almost ninety percent of the

0:27:40.960 --> 0:27:46.480
<v Speaker 1>countries have seen reversals, including places like the US. Exactly,

0:27:46.520 --> 0:27:48.920
<v Speaker 1>I was just going to mention life expectances in the US.

0:27:49.440 --> 0:27:52.760
<v Speaker 1>It's not just incomes, it's the quality of life, the

0:27:52.880 --> 0:27:56.239
<v Speaker 1>number of people living in extreme poverty again, food and

0:27:56.400 --> 0:27:59.400
<v Speaker 1>hunger crisis that are re emerging. So we are living

0:27:59.400 --> 0:28:01.880
<v Speaker 1>through a period of a major setback in development, which

0:28:01.920 --> 0:28:06.760
<v Speaker 1>is explainable by a pandemic. Now the ripple effects of

0:28:07.320 --> 0:28:10.480
<v Speaker 1>Russia's invasion of the Ukraine on world food markets, world

0:28:10.560 --> 0:28:15.320
<v Speaker 1>energy markets, world financial markets. One of the greatest burdens

0:28:15.359 --> 0:28:18.560
<v Speaker 1>that developing countries are bearing right now as a result

0:28:18.600 --> 0:28:22.119
<v Speaker 1>of what is happening across the world is that we

0:28:22.160 --> 0:28:26.320
<v Speaker 1>are seeing a response to inflation going hand in hand

0:28:26.320 --> 0:28:28.760
<v Speaker 1>with the rise in interest rates, and so the debt

0:28:28.800 --> 0:28:33.000
<v Speaker 1>burden has now reached a point where UNDP's latest estimates

0:28:33.000 --> 0:28:36.199
<v Speaker 1>are that there are fifty one developing economies that are

0:28:36.240 --> 0:28:40.160
<v Speaker 1>literally under dead distress and one step away from that default.

0:28:40.800 --> 0:28:43.640
<v Speaker 1>And you know, to the world's financial system. It may

0:28:43.640 --> 0:28:46.440
<v Speaker 1>not be a significant part of the global GDP, but

0:28:46.480 --> 0:28:49.440
<v Speaker 1>it's actually twelve percent of the world's population, and it's

0:28:49.520 --> 0:28:51.600
<v Speaker 1>thirty percent of the poorest people on the planet that

0:28:51.640 --> 0:28:54.840
<v Speaker 1>live in those fifty one countries. Just imagine what this means.

0:28:54.880 --> 0:28:58.720
<v Speaker 1>Because we often talk about statistics per capita GDP interest rates.

0:28:59.360 --> 0:29:02.640
<v Speaker 1>This is men and women, girls and boys whose lives

0:29:02.640 --> 0:29:08.200
<v Speaker 1>are being fundamentally disrupted. Maybe cannot attend school, my father

0:29:08.240 --> 0:29:11.960
<v Speaker 1>cannot take his daughter to a local health clinic. Families

0:29:12.000 --> 0:29:15.840
<v Speaker 1>cannot feed their children with you know, sufficient food every day.

0:29:15.920 --> 0:29:18.880
<v Speaker 1>This is how our global discussions, including here and DA

0:29:19.000 --> 0:29:21.640
<v Speaker 1>has often become far too abstract. Talk about global recession,

0:29:21.640 --> 0:29:25.400
<v Speaker 1>we talked about markets. This is millions of people's lives

0:29:25.840 --> 0:29:30.320
<v Speaker 1>being fundamentally disrupted, absolutely and without them having to be

0:29:30.400 --> 0:29:33.520
<v Speaker 1>blamed for it. You know, this is the flip situation.

0:29:33.840 --> 0:29:37.520
<v Speaker 1>My life got better because of some work that my

0:29:37.640 --> 0:29:40.479
<v Speaker 1>parents did, but largely because being in a country at

0:29:40.560 --> 0:29:44.239
<v Speaker 1>the time of development that helped them live to their

0:29:44.360 --> 0:29:47.280
<v Speaker 1>full potential. And that's being taken away from millions of people.

0:29:47.320 --> 0:29:50.680
<v Speaker 1>But actually, this is also why I'm such a passionate

0:29:50.720 --> 0:29:54.880
<v Speaker 1>believer in development cooperation, in the idea that development is

0:29:54.920 --> 0:29:58.120
<v Speaker 1>about choices, and these choices that are first of all

0:29:58.200 --> 0:30:00.840
<v Speaker 1>well informed and certainly are made with social justice and

0:30:00.920 --> 0:30:04.600
<v Speaker 1>sustainability in mind, actually are the key to progress. And

0:30:04.880 --> 0:30:06.719
<v Speaker 1>you know, the story of development over the last two

0:30:06.760 --> 0:30:10.000
<v Speaker 1>hundred years is in many respects a phenomenal success story.

0:30:10.640 --> 0:30:12.520
<v Speaker 1>You and I are products of it. You coming out

0:30:12.560 --> 0:30:14.959
<v Speaker 1>of India. I was born the son of farmers. They

0:30:15.080 --> 0:30:18.200
<v Speaker 1>lived in Brazil. I got a good education, I found

0:30:18.240 --> 0:30:21.520
<v Speaker 1>opportunities in which to follow my own passion. As a

0:30:21.560 --> 0:30:26.160
<v Speaker 1>development economists, we can all tell stories. And the tragedy

0:30:26.200 --> 0:30:31.240
<v Speaker 1>of development is when the possibility is not available to people.

0:30:31.320 --> 0:30:34.600
<v Speaker 1>This is why we talk about access to education, about

0:30:34.720 --> 0:30:38.360
<v Speaker 1>access to energy and electricity, access to finance. That's the

0:30:38.480 --> 0:30:42.520
<v Speaker 1>great divider in our societies, and that's why inequality has

0:30:42.560 --> 0:30:45.520
<v Speaker 1>become such a poisoned chalice, so to speak, in our

0:30:45.600 --> 0:30:48.840
<v Speaker 1>modern world, because in our fixation to grow economies, to

0:30:48.960 --> 0:30:51.880
<v Speaker 1>create wealth, we simply lost sight of the fact that

0:30:52.040 --> 0:30:55.920
<v Speaker 1>you know, wealth in aggregate and average terms means nothing

0:30:55.960 --> 0:30:58.600
<v Speaker 1>to somebody who has now access to the internet today.

0:30:58.800 --> 0:31:02.040
<v Speaker 1>A report came out by Oxfam in January that's a

0:31:02.200 --> 0:31:05.080
<v Speaker 1>two thirds of the new wealth generated since twenty twenty

0:31:05.160 --> 0:31:08.680
<v Speaker 1>has been captured by the richest one percent, while only

0:31:08.920 --> 0:31:12.800
<v Speaker 1>a third has gone to the remainder. Can human development

0:31:12.840 --> 0:31:15.400
<v Speaker 1>and climate goals be achieved in such a system. The

0:31:15.520 --> 0:31:19.640
<v Speaker 1>simple answer is no for two reasons. One because societies

0:31:19.720 --> 0:31:24.560
<v Speaker 1>will ultimately not tolerate this kind of inequality, and frankly speaking,

0:31:24.600 --> 0:31:27.080
<v Speaker 1>first of all, it's not essential. I often wonder whether

0:31:27.560 --> 0:31:29.960
<v Speaker 1>you know the Jeff Basis or the Elon Musco this

0:31:30.040 --> 0:31:32.520
<v Speaker 1>world would have somehow stayed in bed if they had

0:31:32.600 --> 0:31:34.960
<v Speaker 1>only earned one one hundredth of what they have earned.

0:31:35.160 --> 0:31:38.480
<v Speaker 1>And we all know the answer. No, their entrepreneurs, they're innovators.

0:31:38.880 --> 0:31:41.360
<v Speaker 1>It's just in the way that our economy or financial

0:31:41.480 --> 0:31:44.160
<v Speaker 1>system operates today. And the un Sacred Journal has repeatedly

0:31:44.240 --> 0:31:49.040
<v Speaker 1>now called out the global financial system also as essentially

0:31:49.640 --> 0:31:54.240
<v Speaker 1>reflecting a moral bankruptcy that is making it impossible to

0:31:54.280 --> 0:31:56.400
<v Speaker 1>address some of the issues that we could tackle in

0:31:56.480 --> 0:31:59.280
<v Speaker 1>The second answer to the wonderful work that Oxen does

0:31:59.320 --> 0:32:03.280
<v Speaker 1>in showing all policy options taxation of some fiscal policy options,

0:32:03.400 --> 0:32:07.800
<v Speaker 1>is that was just taxing five percent of that global wealth,

0:32:07.880 --> 0:32:11.120
<v Speaker 1>the billionaires wealth, as it is referred to, will generate

0:32:11.200 --> 0:32:15.040
<v Speaker 1>one point seven trillion dollars. That's one thillion and another

0:32:15.080 --> 0:32:17.800
<v Speaker 1>seven hundred billion dollars. Yeah. Can I just remind the

0:32:17.840 --> 0:32:20.160
<v Speaker 1>world that we can't even get it together right now

0:32:20.200 --> 0:32:22.920
<v Speaker 1>in the rich world to coinvest one hundred billion dollars

0:32:22.960 --> 0:32:25.960
<v Speaker 1>on climate change with developing countries. This is what's wrong

0:32:26.000 --> 0:32:29.640
<v Speaker 1>in our world, And I think Oxfan's lends on the

0:32:29.800 --> 0:32:33.160
<v Speaker 1>wealthy and opportunities to leverage that wealth in a way

0:32:33.240 --> 0:32:36.360
<v Speaker 1>that could solve so many problems, on education, on access

0:32:36.400 --> 0:32:39.200
<v Speaker 1>to energy. I think it's just a reminder that we

0:32:39.320 --> 0:32:42.520
<v Speaker 1>need to rethink the way we run our lives, our economies,

0:32:42.520 --> 0:32:44.120
<v Speaker 1>but also in the way we want to live together.

0:32:44.440 --> 0:32:46.680
<v Speaker 1>With eight billion people on this planet. We saw a

0:32:46.720 --> 0:32:50.320
<v Speaker 1>massive inequality in the distribution of COVID vaccines and resources

0:32:50.560 --> 0:32:54.440
<v Speaker 1>during the pandemic. How do we reduce this inequality with

0:32:54.560 --> 0:32:58.480
<v Speaker 1>a more persistent but slower burning problem like climate change?

0:32:58.880 --> 0:33:02.520
<v Speaker 1>And just to put here, as of July, seventy two

0:33:02.560 --> 0:33:05.360
<v Speaker 1>percent of people in high income countries were vaccinated, in

0:33:05.480 --> 0:33:08.040
<v Speaker 1>low income countries only twenty one percent. Well, you may

0:33:08.120 --> 0:33:10.040
<v Speaker 1>raise an eyeber action, and so well some of your listeners,

0:33:10.080 --> 0:33:13.360
<v Speaker 1>but I would argue very strongly multilateralism is fundamental to this.

0:33:13.640 --> 0:33:16.760
<v Speaker 1>If we live in a kind of geopolitical Darwinist world

0:33:16.840 --> 0:33:20.160
<v Speaker 1>where the strongest, the wealthiest will simply set the rules

0:33:20.200 --> 0:33:22.840
<v Speaker 1>for the twenty first century and beyond, I think we

0:33:22.920 --> 0:33:26.280
<v Speaker 1>will produce problems that will be insurmountable and unmanageable. So

0:33:27.000 --> 0:33:30.960
<v Speaker 1>multilateralism as an expression of nations coming around the table

0:33:31.120 --> 0:33:35.720
<v Speaker 1>essentially with very unequal realities, very unequal means. But in

0:33:35.800 --> 0:33:38.680
<v Speaker 1>the symbolism of the UN General Assembly, every nation, however

0:33:38.760 --> 0:33:41.520
<v Speaker 1>small or large, has one vote there. They have a

0:33:41.640 --> 0:33:44.240
<v Speaker 1>seat in that hall. We need to evolve that model

0:33:44.320 --> 0:33:46.840
<v Speaker 1>that was built after the Second World War into a

0:33:46.920 --> 0:33:51.040
<v Speaker 1>twenty first century platform for cooperation on the fundamental challenges

0:33:51.080 --> 0:33:55.760
<v Speaker 1>that no country individually consolves. So therein lies one answer,

0:33:55.840 --> 0:33:58.640
<v Speaker 1>I think to what you have outlined, And the second

0:33:58.680 --> 0:34:02.000
<v Speaker 1>part is just the ability to think of solutions as

0:34:02.120 --> 0:34:05.160
<v Speaker 1>not being beyond our reach. And I think there we

0:34:05.240 --> 0:34:07.920
<v Speaker 1>need to learn to work more with the scientific community,

0:34:08.400 --> 0:34:10.759
<v Speaker 1>with the private sector and not always think of the

0:34:10.800 --> 0:34:15.120
<v Speaker 1>private sector also as multinationals. The greatest percentage of renovations

0:34:15.160 --> 0:34:18.960
<v Speaker 1>around the world generally emanate from around kitchen tables and garages.

0:34:19.200 --> 0:34:23.040
<v Speaker 1>You know, it's individual so solve problems, but then sometimes

0:34:23.120 --> 0:34:26.640
<v Speaker 1>don't find the attention to support to make them available

0:34:26.680 --> 0:34:29.120
<v Speaker 1>to the world at large. So these are the transformations

0:34:29.160 --> 0:34:31.800
<v Speaker 1>I think that we will hopefully see happen much faster

0:34:32.360 --> 0:34:35.880
<v Speaker 1>and as a climate change reporter, I've thought about what

0:34:36.200 --> 0:34:38.919
<v Speaker 1>climate is going to do to the world for years now.

0:34:39.560 --> 0:34:43.080
<v Speaker 1>The threat that many see, especially in Western countries, is

0:34:43.120 --> 0:34:46.000
<v Speaker 1>that their lives are going to be disrupted and their

0:34:46.080 --> 0:34:49.800
<v Speaker 1>quality of life is going to be poorer. That certainly

0:34:50.160 --> 0:34:53.120
<v Speaker 1>is a possibility. But the fear that I have, which

0:34:53.200 --> 0:34:58.759
<v Speaker 1>is the greatest fear, is of development metrics reversing and

0:34:58.960 --> 0:35:03.359
<v Speaker 1>then never we're getting to the golden age that many

0:35:03.440 --> 0:35:06.480
<v Speaker 1>many countries lived through in the last thirty years of

0:35:06.680 --> 0:35:10.440
<v Speaker 1>allowing for human potential to flourish, and that on the

0:35:10.560 --> 0:35:16.239
<v Speaker 1>aggregate feels a much larger loss. And so coming back

0:35:16.280 --> 0:35:20.760
<v Speaker 1>to climate, then we started with the understanding that climate

0:35:20.880 --> 0:35:24.600
<v Speaker 1>change presents the greatest threat to development, but then we

0:35:24.760 --> 0:35:27.480
<v Speaker 1>ended up talking about most of the issues that are

0:35:27.640 --> 0:35:32.800
<v Speaker 1>very current. So how do you make the case for

0:35:33.400 --> 0:35:36.880
<v Speaker 1>acting on climate change while these other crises, which are

0:35:37.040 --> 0:35:40.960
<v Speaker 1>very urgent, very important, continue to play. Look, at the

0:35:41.040 --> 0:35:43.960
<v Speaker 1>end of the day, climate change is not a parallel

0:35:44.120 --> 0:35:46.359
<v Speaker 1>universe to everything else that happens in development. In fact,

0:35:46.360 --> 0:35:49.120
<v Speaker 1>climate change is a consequence of millions of decisions being

0:35:49.200 --> 0:35:53.120
<v Speaker 1>made in the kinds of energy infrastructure we rely on,

0:35:53.320 --> 0:35:55.399
<v Speaker 1>in the kinds of transport systems, we have the sort

0:35:55.440 --> 0:35:57.279
<v Speaker 1>of buildings we build. And I think that is why

0:35:58.120 --> 0:36:01.520
<v Speaker 1>I so much appreciate the opportuned to now lead the

0:36:01.640 --> 0:36:03.880
<v Speaker 1>United Nations development problem, because in many ways it is

0:36:03.960 --> 0:36:07.000
<v Speaker 1>the institution that tries to bring together the threads that

0:36:07.120 --> 0:36:10.279
<v Speaker 1>allow us to imagine the future. That Mary Robinson, in fact,

0:36:10.320 --> 0:36:12.719
<v Speaker 1>when we launched this year or the twenty twenty two

0:36:13.200 --> 0:36:16.640
<v Speaker 1>UNDP Human Development Report said said there's a great deal

0:36:16.719 --> 0:36:19.680
<v Speaker 1>of various sobering statistics coming out of it, but built

0:36:19.719 --> 0:36:21.960
<v Speaker 1>within that report is also a narrative that says that

0:36:22.000 --> 0:36:24.160
<v Speaker 1>the greatest of times may still lie ahead of us.

0:36:24.239 --> 0:36:26.680
<v Speaker 1>And I think this is crucial because we often look

0:36:26.719 --> 0:36:29.120
<v Speaker 1>at climate change as if it's sort of a dragon

0:36:29.160 --> 0:36:32.400
<v Speaker 1>that we have to slay that is over here. The

0:36:32.520 --> 0:36:35.400
<v Speaker 1>reason why, for example, you INDP and its current strategic

0:36:35.480 --> 0:36:39.400
<v Speaker 1>plan set itself an almost unimaginable goal and then me

0:36:39.480 --> 0:36:43.200
<v Speaker 1>to help five hundred million people gain access to cleaning

0:36:43.280 --> 0:36:46.480
<v Speaker 1>affordable energy was a way of saying, look, we will

0:36:46.560 --> 0:36:51.719
<v Speaker 1>make climate change as a threat converted into an opportunity

0:36:51.840 --> 0:36:55.120
<v Speaker 1>part of everything we do. We don't yet quite know

0:36:55.320 --> 0:36:57.719
<v Speaker 1>how to do this, but we think it is perfectly feasible.

0:36:58.040 --> 0:37:00.320
<v Speaker 1>And that is why you see UNDP today being a

0:37:00.480 --> 0:37:04.320
<v Speaker 1>major player in many countries in helping to rethink energy systems,

0:37:04.920 --> 0:37:08.320
<v Speaker 1>looking at the way in which access to electricity is

0:37:08.440 --> 0:37:13.000
<v Speaker 1>not just a fundamental enabler of development. It's the access

0:37:13.040 --> 0:37:16.440
<v Speaker 1>to affordable and clean electricity that will allow a continent

0:37:16.520 --> 0:37:19.640
<v Speaker 1>such as Africa to pivot forward. We are a development

0:37:19.680 --> 0:37:24.120
<v Speaker 1>institution that believes in the future and the notion of

0:37:24.200 --> 0:37:26.520
<v Speaker 1>living in the age of the Anthropocene, which has become

0:37:26.560 --> 0:37:28.480
<v Speaker 1>a theme that we have also explored in our human

0:37:28.520 --> 0:37:31.560
<v Speaker 1>development ports. It is very much about understanding that we

0:37:31.640 --> 0:37:35.000
<v Speaker 1>are failing to respond as a human family to the

0:37:35.120 --> 0:37:39.080
<v Speaker 1>magnitude of the challenges of our time. But behind that

0:37:39.280 --> 0:37:41.160
<v Speaker 1>is a second story. We live in an age of

0:37:41.239 --> 0:37:46.719
<v Speaker 1>extraordinary possibility of being able to leverage technology and finance

0:37:46.880 --> 0:37:50.520
<v Speaker 1>and human ingenuity to actually make very different choices. And

0:37:50.880 --> 0:37:54.040
<v Speaker 1>you know what, last year, eighty one percent of all

0:37:54.280 --> 0:37:57.919
<v Speaker 1>new electricity, generally infrastructure that came on to the greater

0:37:58.000 --> 0:38:01.880
<v Speaker 1>or into people's houses, will actually renewable. This is proof

0:38:02.000 --> 0:38:05.640
<v Speaker 1>that revolutions even in the energy sector, so locked down

0:38:05.680 --> 0:38:09.920
<v Speaker 1>in hydrocarmons, so in a sense locked into political economy.

0:38:10.040 --> 0:38:14.799
<v Speaker 1>In nineteen seventy seven exomobile scientists essentially wrote the true

0:38:14.880 --> 0:38:17.720
<v Speaker 1>first chapter of the IPCC reports that were to follow.

0:38:18.600 --> 0:38:20.800
<v Speaker 1>It's the age of your responsibility that we live in.

0:38:21.160 --> 0:38:24.080
<v Speaker 1>It's not a fatalist moment in which we simply sit

0:38:24.160 --> 0:38:26.560
<v Speaker 1>back and give up. And that's the promise of development.

0:38:26.600 --> 0:38:29.080
<v Speaker 1>That's the future of development that U INDP very much

0:38:29.120 --> 0:38:32.399
<v Speaker 1>sees itself part of. Well. I enjoyed this a lot.

0:38:32.640 --> 0:38:35.919
<v Speaker 1>We talked on very wide ranging subjects, and I could

0:38:36.200 --> 0:38:38.719
<v Speaker 1>keep going in many directions for a very long time.

0:38:39.160 --> 0:38:41.560
<v Speaker 1>But thank you for making the time. Thank you for

0:38:41.560 --> 0:38:48.320
<v Speaker 1>the opposite in the action. One of the things Arkim

0:38:48.360 --> 0:38:52.640
<v Speaker 1>and I touched upon was Oxfam's recently published report on inequality,

0:38:53.239 --> 0:38:56.400
<v Speaker 1>which shows two thirds of new wealth generated since the

0:38:56.480 --> 0:39:00.600
<v Speaker 1>pandemic has been captured by the top one percent. While

0:39:00.600 --> 0:39:03.680
<v Speaker 1>I was endeavors, I also spoke with Gabriella Buscher, the

0:39:03.800 --> 0:39:08.560
<v Speaker 1>executive director of OXFAM, to ask her about how inequality

0:39:08.640 --> 0:39:11.919
<v Speaker 1>contributes to climate change and why it is so hard

0:39:12.120 --> 0:39:15.239
<v Speaker 1>to untangle the two. Well, these are very complex and

0:39:15.360 --> 0:39:20.319
<v Speaker 1>intertwined issues, and they really question the way society as

0:39:20.360 --> 0:39:24.360
<v Speaker 1>a whole has been organized. So what we're saying is

0:39:24.560 --> 0:39:26.360
<v Speaker 1>what can we do, What policies can we put in

0:39:26.440 --> 0:39:30.400
<v Speaker 1>place to address it. And we link very much this

0:39:31.160 --> 0:39:34.640
<v Speaker 1>growing inequality with the effects on climate. So we talk

0:39:34.680 --> 0:39:38.240
<v Speaker 1>about the carbon billionaires, how billionaires are in fact consuming

0:39:38.360 --> 0:39:41.520
<v Speaker 1>so many times more than is compatible with a one

0:39:41.600 --> 0:39:44.480
<v Speaker 1>point five degree warming, but also that they have doubled

0:39:44.640 --> 0:39:48.680
<v Speaker 1>the amount of investment and fosil fuel industries than the

0:39:48.800 --> 0:39:52.239
<v Speaker 1>average investor. So these things are very connected at that level.

0:39:52.320 --> 0:39:56.040
<v Speaker 1>And of course the worst effects of the climate crisis

0:39:56.239 --> 0:39:59.359
<v Speaker 1>are experienced in the most vulnerable places in the world.

0:39:59.440 --> 0:40:02.239
<v Speaker 1>So when I since Somalia last year, I could see

0:40:02.360 --> 0:40:05.600
<v Speaker 1>the effects of these protracted droughts, which has continued and

0:40:05.719 --> 0:40:08.920
<v Speaker 1>so it's the worst drought in living memory. And pastoralists

0:40:09.000 --> 0:40:12.440
<v Speaker 1>who are very, very resilient people and have put up

0:40:12.480 --> 0:40:16.160
<v Speaker 1>with all sorts of harsh conditions over centuries, are really

0:40:16.719 --> 0:40:19.600
<v Speaker 1>no longer able to cope with these much more extreme

0:40:19.640 --> 0:40:23.800
<v Speaker 1>weather events. We've linked the OXFAM report on inequality in

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<v Speaker 1>the show notes. Thanks so much for listening to Zero.

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<v Speaker 1>Get in touch at zero pod at Bloomberg dot Net.

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<v Speaker 1>Zero's producer is Oscar Boyd and senior producer is Christine

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<v Speaker 1>driscoll Our. Theme music is composed by Wonderlely Special thanks

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<v Speaker 1>to Kira Bindrim Summersadi and Robin Pomeroy at the World

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<v Speaker 1>Economic Forum for letting us use the podcast studio by

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<v Speaker 1>Today's conversation was order I'm Akshatrati back next week.