How Climate Finance Creates Positive Tipping Points

Climate change is a really urgent threat. We've already warmed the planet 1. 5 degrees and scientists are warning that this is the part where we get close to these tipping points where the climate can actually start to run away, where we have reinforcing feedbacks and the planet getting warmer and warmer. So, there's a real sense of urgency here around any innovation around climate. And I'm just curious, how do you think about that pacing of the work and the the urgency and are these mechanisms that you're talking about up to the challenge of tackling this big global and urgent set of issues — in the Cadillac climate finance project? We certainly want to go for technologies that are broadly used or commodities that are broadly used. By scaling those technologies, we hope to create positive tipping points because once they are scaled and they start getting adopted, then this would be a positive tipping point that would hopefully slow down the negative tipping points that a lot of academic researchers, climate um scientists actually point out — that will happen in the future. Timothy Lenton at the University of Exit has talked about this idea of sort of the battle of the tipping points. Where do you see sources of hope? Like those positive tipping points already occurring that you're hoping to, you know, maybe build on or replicate in this project? — Solar energy, of course, it's the most widely um adopted energy source at the moment. And it wasn't like that 20 30 years ago. The technology is actually fairly old. But until it became cost competitive and the grids were ready to um integrate them in a mass fashion that took quite a while and that was a joint effort with policy and subsidies. And so this is actually a great case study for what we want to do. A great example. The image I have is of this kind of solar rocket ship taking off into the sky and we've got on the sidelines watching from the you know periphery of Cape Canaveral these startups with their green cement and their green steel and their green ammonia and they want to get on a rocket ship too and it sounds like you're trying to provide that. Exactly.