FASCINATING READ THANK YOU SO
MUCH THE UNITED STATES IS
EXPECTED TO REJOIN THE PARIS
CLIMATE ACCORD ONCE
PRESIDENT-ELECT BIDEN
TAKES OFFICE THIS COMES SHORTLY
AFTER THE U.S. BECAME THE FIRST
COUNTRY TO WITHDRAW FROM THE
DEAL SOMETHING PRESIDENT TRUMP
ANNOUNCED BACK IN 2017. BUT IT
ONLY BECAME OFFICIAL EARLIER
THIS MONTH. THE U.S. IS THE
WORLD'S SECOND LARGEST A MATTER
OF GREENHOUSE GASES
BEHIND CHINA AND WILL BE KEY IN
THE GLOBAL EFFORT TO REDUCE THE
EFFORT AFFECTS OF CLIMATE
CHANGE JOINING US NOW TOM
BROOKS EXECUTIVE DIRECTOR OF
EUROPEAN CLIMATE FOUNDATION TOM
WELCOME TO THE SHOW WE'RE SO
EXCITED TO TALK ABOUT SUCH AN
IMPORTANT TOPIC FIRST LET'S
START WITH THE INCOMING BIDEN
ADMINISTRATION WHAT DOES THAT
SIGNAL TO THE WORLD WHEN IT
COMES TO CLIMATE.
>> WELL THANKS VERY MUCH FOR
HAVING ME ON
A BIG IT'S A SEA CHANGE IT'S A
VERY VERY SIGNIFICANT
WHEN THE U.S. ANNOUNCED THAT
WHEN THE TRUMP ADMINISTRATION
INDEED ANNOUNCED THAT IT'S
GOING TO PULL OUT OF THE PARIS
AGREEMENT
BEING RUMORED PRIOR THE ACTUAL
ANNOUNCEMENT AND IT WAS A LOT
OF CONCERN THAT THE OUTCOME OF
THE LAST. US BACK IN 2016 THAT
THE CLIMATE AGREEMENT WOULD BE
SIGNIFICANTLY IMPACTED.
BY THAT DECISION AND OBVIOUSLY
THAT WAS CONFIRMED SOMETIME
LATER.
THE FACT THAT THE U.S. WILL BE
COMING BACK INTO THE AGREEMENT
AND JOE BIDEN REALLY BUT NOT AT
THE CENTER OF THE RIGHT AT THE
START OF
WELL NOT YET OF HIS PRESIDENCY,
BUT THAT'S AS SOON AS HE WAS
ELECTED. IS
HUGELY RISHER TO A LARGE NUMBER
OF PEOPLE AROUND THE AND
COMMITMENT OLD THE WORLD'S
LARGEST ECONOMY. WELL SECOND
LARGEST EMITTER
IT UP THE CAP OF IS IT JUST
MAKES IT CHANGES THE MOMENTUM
OF HOW
CLIMATE AMBITION IS PLAYING AND
AND IT ALSO BRINGS THE U.S.
BACK INTO THE CONVERSATION.
EVEN THOUGH THERE HAVE BEEN A
HUGE NUMBER OF DEVELOPMENTS AND
OBVIOUSLY THE U.S. HAS BEEN
ABSENT THE FEDERAL LEVEL,
HOWEVER IT'S BEEN VERY PRESENT
AT THE STATE LEVEL AND EVERY
ONE OF THEM. BIG UN MEETINGS
THIS HAPPENED YEAR
AFTER YEAR. SINCE ORIGINAL
ANNOUNCEMENT WAS MADE BY
DONALD TRUMP OTHER STATES AND
REGIONS IN THE U.S. HAVE TURNED
UP TO THOSE MEETINGS AND SAID
LOOK WE'RE GETTING ON WITH THIS
AS THE STATE LEVEL HAS BEEN A
HUGE AMOUNT OF ACTIVITY
TRAPPED, BUT IT'S GREAT TO HAVE
THE FEDERAL LEVEL BACK ON BOARD
AND SEE WHAT COMES NEXT SURE.
>> SPEAKING OF THE FEDERAL
LEVEL WE KNOW JOHN KERRY WAS
INSTRUMENTAL WHEN IT CAME TO
CONSTRUCTING THE PARIS CLIMATE
ACCORD WE HEARD FROM HIM TODAY
DURING THE PRESS OR THAT YOU
WERE JUST MENTIONING WITH
PRESIDENTELECT BIDEN HE WILL BE
THE U.S. CLIMB CLIMATE ENVOY
UNDER BIDEN SO WHAT MESSAGE TOM
DOES THAT SEND ABOUT HOW THE
U.S. WILL GO ABOUT COMBATING
CLIMATE CHANGE WITH KERRY.
NOW AT THE HELM.
>> I MEAN
AGAIN IT'S IT SENDS A VERY VERY
STRONG MESSAGE JOHN IS
ABSOLUTELY FUNDAMENTAL TO THE
ACHIEVEMENT THAT IS THE PARIS
CLIMATE ACCORD. HE
BROKE GOODS. THE AGREEMENT
BETWEEN THE U.S. AND CHINA
WHICH PRECEDED THAT ACCORDING
ME SAID GLOBAL POLITICS IN
PLACE TO MAKE THE PARIS
AGREEMENT POSSIBLE HE HAS SHOWN
THROUGHOUT HIS. LET'S GO
IT
HUGE COMMITMENT TO THE ISSUE HE
HAS A VERY DEEP UNDERSTANDING
NOT ONLY OF THE POLITICS, BUT
ALSO THE ISSUES OF THE POLICIES
AND SCIENCE SO I THINK IT SENDS
A VERY VERY STRONG SIGNAL TO
THE REST OF THE WORK THAT THE
U.S. REALLY IS AND THEN BOWLED
IN THIS IN THIS PROCESS IN A
VERY SERIOUS WAY.
AND CLEARLY WITHOUT A MOMENT TO
LOSE HAVING THE U.S. BACK IN
THE AGREEMENT AND DRIVING
CLIMATE AMBITION AROUND THE
WORLD IN WHAT IS AT LEAST THE
1ST HALF AN ABSOLUTELY CRUCIAL
DECADE FOR CLIMATE ACTION.
THIS IS THIS IS FUNDAMENTAL
PERIOD. SO IT'S SUPER
IMPORTANT.
>> SOME OF THE WORLD'S BIGGEST
ECONOMIES ARE CONSIDERING
IMPLEMENTING A CARBON TAX A
LEVY THAT COMPANIES MUST PAY
WHEN
THEY POLLUTE SO TO PROMOTE LESS
POLLUTION AND MORE INVESTMENT
INTO LOW CARBON TECHNOLOGY TOM
HOW EFFECTIVE DO YOU FEEL ABOUT
THIS PRACTICE.
>> CARBON TAXES OR STING I LIVE
IN WE HAVE HAD A CARBON PRICING
FOR
HER SIGNIFICANT PERIOD NOW
EUROPEAN EMISSIONS TRADING
SYSTEM.
AND AND THIS IS TRAINING AND
PUTTING PRICES ON COMMON IN
VARIOUS DIFFERENT FORMS, THE
TRADING MARKETS TAXES. IT'S
DEFINITELY
BUT IT TENDS ACT QUITE
EFFECTIVELY ONLY AREAS THAT
HAVEN'T GOT POLICY LEADERS AS
WELL OR IN COMBINATION WITH
POLICY IS SO
FOR EXAMPLE IN EUROPE WE'VE HAD
PROMOTING CERTAIN AMOUNT OF
RENEWABLE SO PERCENTAGES OF
RENEWABLES INTO THE ENERGY
SYSTEM WE'VE HAD EMISSION
REDUCTION TARGETS WE'VE I FOR
INSTANCE TARGETS ON THE AMOUNT
OF CEO TO THE CORE AND AND AND
AND IT ANOTHER BILL TO PUNNING
GET AGO GOVERNMENT STRICTER AND
STRICTER OVER TIME SO THERE'S
BEEN A LOT OF REGULATORY BACK
UP AND THEN THE CARBON PRICE IN
THE IN THE CENTER OF A LOT OF
SWEEPS UP THE REST IF YOU WILL
AS AS YOU MOVE ALONG ITS HAD A
REALLY SIGNIFICANT IMPACT ON
THE EUROPEAN ENERGY SYSTEM.
BUT ALSO WHAT YOU FIND AND THE
EUROPEAN SYSTEMS, AN EXAMPLE
ABOUT THESE DIFFERENT SECTORS
OF
THE ECONOMY REQUIRE DIFFERENT
PUBLIC PRICES BECAUSE OF
THAT THIS THE THAT STRUCTURED
BECAUSE THE WAY THE PRICE AND
SENT
ITS WAY YOU KNOW GOING TO THE
SAME COME PRICED AFFECTING THE
CEMENT SECTOR AS YOU A GLASS IF
YOU ARE CHEMICALS THAT YOU ALL
WELL, I GUESS
AND SO IT'S IT'S QUITE NUANCED
SINGLE BEEN PRICE IS NOT GOING
TO GET YOU WHAT YOU NEED
TO GO. BUT THE MOST
SO