1 00:00:00,120 --> 00:00:02,880 Speaker 1: Now, the US has pledged to contribute to three billion 2 00:00:02,920 --> 00:00:05,640 Speaker 1: dollars towards a UN fund to help developing countries with 3 00:00:05,720 --> 00:00:09,559 Speaker 1: climate change. The Biden administration's commitment follows a steady increase 4 00:00:09,920 --> 00:00:12,800 Speaker 1: in grants and loans of climate change in recent years. Well, 5 00:00:12,840 --> 00:00:15,000 Speaker 1: I'm very pleased to be joined by Ali's Aid, the 6 00:00:15,080 --> 00:00:18,040 Speaker 1: National Climate Advisor to the White House. Thank you for 7 00:00:18,079 --> 00:00:20,119 Speaker 1: making the time before, first of all come to the 8 00:00:20,120 --> 00:00:23,200 Speaker 1: Green Summit, but also coming on TV with me. There 9 00:00:23,239 --> 00:00:25,800 Speaker 1: has been good things about COP twenty eight. We're only 10 00:00:25,840 --> 00:00:29,120 Speaker 1: in day four, we still have another like twelve days 11 00:00:29,720 --> 00:00:32,400 Speaker 1: to get through. What are you most optimistic about it 12 00:00:32,400 --> 00:00:33,720 Speaker 1: and what are you disappointed by? 13 00:00:34,440 --> 00:00:37,360 Speaker 2: Look, I think number one, we're really getting our act 14 00:00:37,360 --> 00:00:41,320 Speaker 2: together on super pollutants like methane, like hydrofluorcarbons. The United 15 00:00:41,360 --> 00:00:44,960 Speaker 2: States made a big announcement cracking down on methane pollution. 16 00:00:45,280 --> 00:00:48,120 Speaker 2: Good for our environment, good for public health, and for workers. 17 00:00:48,920 --> 00:00:53,120 Speaker 2: We're also seeing progress on renewable deployment. The US, when 18 00:00:53,159 --> 00:00:56,520 Speaker 2: the Vice President was here, joined in a commitment to 19 00:00:56,600 --> 00:01:01,200 Speaker 2: triple renewable capacity by twenty thirty, A really big deal. 20 00:01:01,840 --> 00:01:04,600 Speaker 2: But I think there's a lot of conversation that needs 21 00:01:04,600 --> 00:01:09,080 Speaker 2: to be had about how we lift up our communities 22 00:01:09,120 --> 00:01:12,200 Speaker 2: in the process. I think the issues of transition and 23 00:01:12,280 --> 00:01:15,920 Speaker 2: of justice are important ones to have part and parcel 24 00:01:16,000 --> 00:01:19,200 Speaker 2: with GHG. And then I think we've also got to 25 00:01:19,200 --> 00:01:23,080 Speaker 2: have a conversation about how over time we reduce our 26 00:01:23,120 --> 00:01:26,039 Speaker 2: dependence on fossil fuels, put those emissions in our rear 27 00:01:26,160 --> 00:01:26,639 Speaker 2: view mirror. 28 00:01:26,840 --> 00:01:29,920 Speaker 1: So should a phasing out of fossil fuel be in 29 00:01:29,959 --> 00:01:32,199 Speaker 1: the final communicat I know there's a lot of controversy 30 00:01:32,240 --> 00:01:34,920 Speaker 1: also because we're here in the UAE, and I know 31 00:01:34,959 --> 00:01:37,000 Speaker 1: we have to be tempered, but like, what would you 32 00:01:37,080 --> 00:01:38,200 Speaker 1: like to see at the end of the day. 33 00:01:38,319 --> 00:01:41,480 Speaker 2: You know, we've had a lot of discussion about this 34 00:01:41,600 --> 00:01:45,640 Speaker 2: in multilateral for before the G seven we talked about 35 00:01:46,040 --> 00:01:50,320 Speaker 2: abatement and emissions reductions from fossil fuels. We've got to 36 00:01:50,360 --> 00:01:53,680 Speaker 2: build on that. The only way to go is forward 37 00:01:53,760 --> 00:01:56,560 Speaker 2: to make progress, build on the G seven statement. 38 00:01:57,080 --> 00:01:59,480 Speaker 1: I mean DUS also has LNG. I think it's increasing 39 00:01:59,480 --> 00:02:01,600 Speaker 1: capacity Again, how do you marry you the two? Is 40 00:02:01,640 --> 00:02:04,560 Speaker 1: it a transition phase that then will come down or 41 00:02:04,680 --> 00:02:06,880 Speaker 1: what should investors be looking for in the transition? 42 00:02:07,200 --> 00:02:10,080 Speaker 2: Yeah, Look, the fact that we have expanding load growth 43 00:02:10,080 --> 00:02:14,880 Speaker 2: in the United States is a positive sign of the 44 00:02:15,000 --> 00:02:17,760 Speaker 2: massive amount of manufacturing that Joe Biden's been able to 45 00:02:17,840 --> 00:02:21,680 Speaker 2: bring back home all across the US. That's not a problem. 46 00:02:21,880 --> 00:02:25,720 Speaker 2: Our opportunity is to meet that demand with growing clean energy. 47 00:02:25,960 --> 00:02:27,760 Speaker 2: And it's an opportunity that it's not just going to 48 00:02:27,800 --> 00:02:34,079 Speaker 2: be met by renewables and storage, but also nuclear, hydropower, geothermal, 49 00:02:34,160 --> 00:02:37,440 Speaker 2: where we've seen announcements just this week. So I think 50 00:02:37,480 --> 00:02:41,360 Speaker 2: the answer is not slowing down or given ourselves a 51 00:02:41,440 --> 00:02:44,760 Speaker 2: longer bridge. It's just building those technologies more quickly. 52 00:02:45,000 --> 00:02:46,520 Speaker 1: And I know a lot of investors say, look at 53 00:02:46,560 --> 00:02:48,919 Speaker 1: the US and gun the inflation reduction, how that will 54 00:02:48,960 --> 00:02:52,760 Speaker 1: really help and bring some of these technologies costs down. Overall, 55 00:02:52,960 --> 00:02:55,400 Speaker 1: a lot of investors want a carbon market, like when 56 00:02:55,440 --> 00:02:58,959 Speaker 1: will we get some kind of comprehensive template of how 57 00:02:58,960 --> 00:02:59,639 Speaker 1: to deal with this. 58 00:03:00,200 --> 00:03:03,200 Speaker 2: I think we've got a comprehensive template in the Inflation 59 00:03:03,280 --> 00:03:06,799 Speaker 2: Reduction Act, in the Bipartisan Infrastructure Law. And as the 60 00:03:06,840 --> 00:03:08,800 Speaker 2: President said when he went to the last two twenty, 61 00:03:08,840 --> 00:03:11,400 Speaker 2: this is a playbook he wants replicated around the world. 62 00:03:11,600 --> 00:03:14,440 Speaker 2: We're seeing a race to the top on this sort 63 00:03:14,480 --> 00:03:19,120 Speaker 2: of industrial strategy figuring out a comprehensive approach to tackle 64 00:03:19,120 --> 00:03:21,720 Speaker 2: the climate crisis. It's working in the United States, we 65 00:03:21,760 --> 00:03:23,760 Speaker 2: want others to come in behind that. 66 00:03:24,080 --> 00:03:26,720 Speaker 1: We spoke to Bill Gates yesterday. I mean, he says 67 00:03:26,720 --> 00:03:28,720 Speaker 1: he's optimistic because he's getting quite a lot of money 68 00:03:28,720 --> 00:03:32,520 Speaker 1: and the funds that are needed to push with renewable energy, 69 00:03:32,560 --> 00:03:35,560 Speaker 1: but he's not optimistic that will reach the target set 70 00:03:35,600 --> 00:03:38,800 Speaker 1: by the Parise Agreements. What's frustrating for you, is there 71 00:03:38,840 --> 00:03:42,600 Speaker 1: something that we should be going faster to get it done. 72 00:03:43,000 --> 00:03:46,000 Speaker 2: We've got to go faster on everything. For the countries 73 00:03:46,080 --> 00:03:49,400 Speaker 2: that continue to say that they should be able to 74 00:03:49,440 --> 00:03:54,360 Speaker 2: build unabated coal plants in twenty twenty three, we got 75 00:03:54,360 --> 00:03:56,760 Speaker 2: to get them out of that game. For folks who 76 00:03:56,800 --> 00:03:59,200 Speaker 2: look at parts of the economy like the industrial sector 77 00:03:59,240 --> 00:04:01,480 Speaker 2: and say that's too hard to abate, we don't need 78 00:04:01,520 --> 00:04:04,000 Speaker 2: to go there. They've got to come to the table. 79 00:04:04,880 --> 00:04:07,120 Speaker 2: I think there are a number of places where folks 80 00:04:07,120 --> 00:04:09,480 Speaker 2: can step up. That's why the United States shows up 81 00:04:09,720 --> 00:04:12,440 Speaker 2: to dialogues like this. That's why Vice President Harris was here, 82 00:04:12,760 --> 00:04:15,240 Speaker 2: because we've got to push everybody to look at every 83 00:04:15,280 --> 00:04:19,240 Speaker 2: sector of the economy and scale up and push through 84 00:04:19,760 --> 00:04:22,080 Speaker 2: some of the barriers that we're seeing around citing and 85 00:04:22,120 --> 00:04:25,360 Speaker 2: permitting supply chain. We've got to be able to deal 86 00:04:25,400 --> 00:04:28,280 Speaker 2: with those. We're dealing with them in the States, and 87 00:04:28,320 --> 00:04:30,920 Speaker 2: we've got to work with allies and partners to make 88 00:04:30,920 --> 00:04:31,840 Speaker 2: that easier around the world. 89 00:04:31,920 --> 00:04:34,880 Speaker 1: But to convince countries not to build more coal fire 90 00:04:34,960 --> 00:04:37,000 Speaker 1: plans or to shut them down? Is it just money? 91 00:04:37,360 --> 00:04:39,520 Speaker 1: The transfer of money? Will that get the job done? 92 00:04:39,720 --> 00:04:42,240 Speaker 2: De risking the technologies is a big part of it. 93 00:04:42,240 --> 00:04:45,440 Speaker 2: The Inflation Reduction Act will knock down the price of 94 00:04:45,480 --> 00:04:48,039 Speaker 2: a lot of these clean technologies by about a quarter. 95 00:04:48,400 --> 00:04:51,640 Speaker 2: That's why we're confident that for every ton of emissions 96 00:04:51,680 --> 00:04:54,400 Speaker 2: we reduce in the United States because of the President's policies, 97 00:04:54,600 --> 00:04:57,320 Speaker 2: will reduce a ton or two everywhere else in the 98 00:04:57,320 --> 00:05:00,240 Speaker 2: world as well. So it's about knocking down the price 99 00:05:00,279 --> 00:05:04,920 Speaker 2: of the technology, reducing the cost of capital, increasing folks 100 00:05:04,920 --> 00:05:08,479 Speaker 2: ability to move quickly because of policy environments that enable 101 00:05:08,520 --> 00:05:09,000 Speaker 2: it all. 102 00:05:09,160 --> 00:05:11,120 Speaker 1: Xiety thank you so much for joining us. He's the 103 00:05:11,120 --> 00:05:13,320 Speaker 1: first National Climate Advisor to the White House.