creating the president's emergency plan for adaptation and resurgence and putting $3 billion into it, dear one. that is how we started this cop, and we gladlyjoin in supporting the doubling of funding for adaptation, supporting the doubling of funding foradaptation, because supporting the doubling of funding for adaptation, because it's needed. we are at the end of the summit in the last hour the text which has been negotiated over the last two weeks has been adopted by 196 countries. here in glasgow. we are listening to the special envoy for climate, joe biden�*s special envoy for climate, john kerry. let's listen. , ., ., ., listen. they are going to meet their commitments _ listen. they are going to meet their commitments under _ listen. they are going to meet their commitments under going - listen. they are going to meet their commitments under going to - listen. they are going to meet their commitments under going to bring | commitments under going to bring business into this fight. i repeat this. no government in the world has enough money in their budget or outside of it publicly to be able to

affect the transition that we need to make. we need to embrace the reality that the finance gap says we have a gap of 2.6, $4.6 trillion a yearfor the next 30 have a gap of 2.6, $4.6 trillion a year for the next 30 years. where money going to come from. we have to bring it to the table from the places where it is and that is principally the private sector. and the private sector here was a force that we had never seen before. with a clear path forward for how we can achieve this. i'm not saying to you that there is 125 trillion automatically going to get invested. i don't know. a lot of that money is not going to be able to be deployed but there are trillions of dollars that i know can and will be employed and it is a significant amount and the six largest banks just among

themselves have committed that they're going to invest some 4.1 six trillion and then when you add some managers you add up to seven or 8 trillion that we know of the next ten years just from the few american financial institutions. and what we are now talking about, with those ceos and leaders, is how do we guarantee that money is really going to get deployed? and we are committed to work as a partner with individual countries who already have signed up to our partnership with india to help deploy the 450 watts of renewable and we have finance and technology and were ready to bring that to the table and we also bring blended finance and concessionary funds to help the risk and take first loss and make it possible for investments. that's a critical component. this is not a one—way street. it is notjust

financial institutions that are going to put their money on the table. it is also government that need to step up to streamline decision—making, guarantee access to land for solar and wind, offshore permits. create transmission. it is a huge effort by all of us to try to fulfil our possibilities that come out of this so again, i say, you know, this is the beginning of that ten year sprint. the report is clear about what we have to do. we have done a lot of things on the sidelines together with the eu is a critical partner. we announced the global methane pledge and that is 70% of global economy. 70% of the global economy is in that 108 countries. and their pledge to

immediately reduce emission which is the largest single grab that you can get to reduce emissions first. in addition, let me say a word about the us china agreement. i have read in a few places it is short on detail but it is not. it depends on what you look at. but paragraph six makes it crystal clear that what we are doing is with a view to our cooperation producing in a reduction in emissions and creating goals and targets of numbers and what we plan to do with experts come together from bedsides as we work together is be able to accelerate the employment of this technology and an effort to reduce emissions. we have the two largest economies in the world and we're got to work together to raise climate ambition across this decade. and specifically china put forward a

willingness to announcing the year climate plan that is ambitious, will be reported next year in november. that is a detail. that certain. in addition, china committed as they did today, even though there is change in the focus. china has still signed up in the decision to phase down unabated coal and move to accelerate, if possible, this transition and they have committed that to and announced a specific timeframe and hopefully because they

say so they're going to make their best efforts to accelerate that to do it earlier which means we have the potential with china for the first time to work together, to actually beat the schedule that they currently put out. so finally i want to get instant questions. we rejoin the high ambition coalition which president trump took us out of. we are part of its foundation and now we are back in. we committed to protecting millions of acres of forest and oceans. 85% of the global forests are now committed to untie deforestation efforts by 2030, that is a detail. we are working with denmark and we are racing towards a zero carbon shipping as a result and we announced obviously in glasgow, we announced obviously in glasgow, we took president biden launched

prepare which is the present�*s emergency plan for, and he doubled our commitment to help vulnerable countries manage and working together with our partners we are moving forward on the allocation of funds for other initiatives also. i might add that because some of the monies in the infrastructure bill which passed 500,000 charging stations some of the monies in the reconciliation but our national lavatory are —— lavatories are on the an infusion of funds that are allocated for busting the barriers that are in front of us with respects to the research necessary for new technologies and

transformation so we all know, you all know, obviously, that boardroom discussions around the world, because of the est have changed. and with disclosure, much on peoples minds. it is possible that the allocation and capital is going to be very different as people are required to look down the road at their own investment and the consequences of climate on this investment so, my friends, heroes, you know. glasgow. i don't know how many of you got out. i have been able to get to a couple of the events that were off—campus, so to speak. and i went to a few dinners and it is a beautiful old industrial city. reminding me much of some of the cities in massachusetts that i had the privilege of representing. a lot of the same texture. 0ld industrial community that is

transformed and transitioned but this is a place where large part of the industrial revolution was launched, right here. it was called the workshop of the empire. and factories sent products all around the world including two the united states in its early days. and because of glasgow, this decision, i really do believe that glasgow has made a major contribution to the new industrial revolution, to the new energy, clean energy revolution. and we did a lot here to ensure that businesses at the table as we do that. major, you know, united airlines and apple and google and amazon and others here, assets of more than $8 trillion and together they are already implementing major decisions like buying electric

fleets, trucks, big orders of trucks that are electric. making the commitment put up united airlines committed to a certain percentage of theirfuel committed to a certain percentage of their fuel that they sell will be 85% emissions free even though the technology isn't completely there, they are going to strive for returned companies have agreed they are going to only buy tickets on airlines that are doing that. that have that 5%. and so they know there is a buyer there and the same thing with steel. volvo announced 10% of its dealers going to be purchased will be green steel for the fabrication of their cars. maersk have ordered eight new ships, all carbon free. a lot is going to be happening and the implementation is the key. as we leave glasgow, our codeword is going to be implementation. follow up. follow through. we are going to spend as

much effort as we can to try to make that happen so, you know, i have got to tell you. had the privilege of signing the paris agreement at the un may be some of you were there. it is in the picture my granddaughter sitting on my knee and she was two years old then. she has a sister now and, you know, she deserves to be able to have answers to questions like am i going to have clean water? what is going to happen with climate? where are we heading? so, you know, i really believe that we all had to answer those questions for all of our kids around the world. we came closer answering some of them. not all of them. there is still a gap in the emissions that have to be reduced. it is still a daunting task. there is a heavy lift ahead. but what we know is, given

the proposals that have been put on the proposals that have been put on the table, given the commitments that have been made, if we do them all according to several reputable modelling we would be at 1.8 degrees by 2050 and we could be at 2.4 or so or higher, 2.6, by 2030. i believe we are going to accelerate. that is just my belief. i think we're going to break through some technology. i think people find it easier to some of those things than they think. and so i believe that, you know, those of us who have watched this progression of our planet is growing more and more unstable and more and more and more unstable and more and more polluted and that is what it is. that is pollution. greenhouse gases are pollution. coal that travels around the world and the atmosphere and falls in the ocean and warms it and acidify is it is

pollution. and what we need to do is live pollution free. i think people all around the world believe that so thatis all around the world believe that so that is our choice and thanks to the here in glasgow, the girls that we are setting for ourselves, we are much, much closer. much closer than when we came here and i think we are going to get closer and closer as a result, providing we implement and follow through. so happy to answer questions. let me turn to kevin. we have 'ust questions. let me turn to kevin. we have just been listening. the element bbc scotland. do you have a mic so that i can... hopefully, actually here? last week 100,000 people marched in the seat of this

city demanding urgent action from you and other leaders. this week they have watched an agreement being systematically watered down. how do you convince those people that what they have ended up with this actually urgent action? festival urue actually urgent action? festival urge them _ actually urgent action? festival urge them to — actually urgent action? festival urge them to read _ actually urgent action? festival urge them to read it. _ actually urgent action? festival urge them to read it. and - actually urgent action? festival. urge them to read it. and actually analyse it and study it. some people pronounce value before we had even sat down and had full negotiations. but the reality is what has happened here is very significant. is it everything everyone wanted in every place? no. did i appreciate that we had tojust one place? no. did i appreciate that we had to just one thing tonight in a very unusual way, no. had to just one thing tonight in a very unusualway, no. but had to just one thing tonight in a very unusual way, no. but if we have done that we would not have an agreement. that is the choice. and sometimes you face tough choices in this business. we had a choice between whether or not we leave glasgow with all these other things that we have accomplished, and

whether or not we change a word that says instead of, you know, that still says that we have got to face it down. i would take they sit down and fight next year as we go into, you know, on for the next year to get where we need to go. so it still says, you know, face down. unabated coal power. that is very clearly in here and if we start doing that and keep pushing we're going to get to the next layer. but i disagree. you know, that systematically, you look at the mitigation chapter in this it is stronger than anything we've ever put out. you look at the adaptation, bigger, stronger than everything we've put out. you look at the adaptation finance. stronger, bigger, doubling the amount. doubling the amount. that is not nothing. that is not business as usual. so i really think people have to take a hard look at this and recognise that this is a very

aggressive increase of ambition. new countries have not taken part wholly and excitedly in the progress and now they are. we have saudi arabia which is an oil producer and when you say that you think oil production. but saudi arabia has signed up to a major green hydrogen project in the desert that could really, if they follow through on it, few will through pipelines, europe, africa, that is possible. and they've also committed to do a major deployment of renewable energy which we know they can do. so are real changes. and i am very hopeful about it in terms the long run.

thank you. you mentioned adaptation in their notice she made a point to talk about that in the final session today are to be sure countries that funding would be there especially from the united states and ijust want to ask you, how are you able to have such confidence that those billions will show up year after ours that has a divided congress and what have you told other countries this week you are seriously concerned that those promises have not been filled in the past that they will be in the future. i can speakfor they will be in the future. i can speak for the next three years. or at least through next year depending on what happens in the midterms but my hope is that people are increasingly becoming more and more aware of the reality of what is happening with climate change. this is not a partisan issue, folks. there is no republican label or democrat label on a fire, the

mudslide, people drowning in new york, people freezing in texas. the farms that have been flooded in south dakota. and other parts of america. and look at the water drought people are facing in four corners now. california, nevada, colorado, arizona, it is dire. and i think mother nature is going to sustain the seriousness of purpose of republican and democrat alike. that is growing. i also believe no politician can turn this back and in the future if someone says we're not going to do this, guess what? ford motor company and general motors are going to retool their entire plants and they have made a commitment that by they are only going to produce

electric vehicles. they will be producing 50%. by 2035, this is not a government, this is a private company, the vaunted gm, part of america, deeply. they said they are going to be producing only electric at that point in time so i really think that these trillions of dollars that are already to moving. i saw thing on tv last night briefly. it was talking about whether or not it was wise to invest in and how could investment it was in and how could investment it was in these very big funds now focused on climate and then making enormous returns. so i think at your peril will people in politics avoid the reality of what is transforming and the economy is making the decision.

not the government. they are not building them. they're shutting down. why? because more expensive. and they bring different kinds of problems so nobody can stand anywhere and guarantee you something for eternity of five years. i can't do that. but i can tell you that for the years that i know about it will continue and if it doesn't continue other leaders and other players are going to have to step up and help solve that problem when it happens. i will do a couple of others. john kerry taking questions and giving us his take. he said we were never going to come here and get a decision that would end the crisis but glasgow starts the race and

tonight, the starting gun was fired. with me is the president of the sierra club. the oldest and largest environmental group in the united states. welcome. you havejust been listening tojohn kerry who was talking about the watering down of the text. he was disappointed. sometimes you have to have a choice either you leave with nothing or you take the change and fight again next year. easy right? yes. certainly. the civil society environmental groups like mine disappointed that we had for a while that phase out of coal and then in the last minute it was changed to phase down. whatever that means. however i would say it is an accomplishment anyway entities the first time that we have those

words in a text coming out of this process so i think it is a recognition and glasgow will probably go down in history as the place where we are finally writing the last history in the book of coal. if i said i was going to phase out smoking orface coal. if i said i was going to phase out smoking or face down coal. if i said i was going to phase out smoking orface down my coal. if i said i was going to phase out smoking or face down my smoking habit you would say, well, he to quit. habit you would say, well, he to auit. �* ., . habit you would say, well, he to auit. �* . , ., habit you would say, well, he to auit. �* ., , ., ., . habit you would say, well, he to quit. again, it is not ideal. we are caettin quit. again, it is not ideal. we are getting into _ quit. again, it is not ideal. we are getting into a _ quit. again, it is not ideal. we are getting into a momentum. - quit. again, it is not ideal. we are getting into a momentum. there l quit. again, it is not ideal. we are | getting into a momentum. there is quit. again, it is not ideal. we are i getting into a momentum. there is a momentum and there are many pledges here, you know, no public financing of overseas coal from the developed countries. that is pretty big. we can turn to the private financing and our groups are going to continue there. that is going in the right

direction. we are recognising it may take longer however we cannot categorise these as, you know, a failure. we have not seen that. the 1.5 was there. people were shooting for two. and having that, you know, it gives us that momentum to keep working. it gives us that momentum to keep workinu. ,, . . it gives us that momentum to keep workin. ,, . ., . ., working. such a critical two weeks in the united _ working. such a critical two weeks in the united states. _ working. such a critical two weeks in the united states. the - working. such a critical two weeksj in the united states. the summit, the virtual summit between the president of china and president biden on monday all about climate change and what they can agree together. and then the negotiation in congress over the build back better bill which has billions of dollars of climate provision within it. whether that passes or not, what comes from the meeting on monday is critical to the direction the united

states goes. critical to the direction the united states goes-_ critical to the direction the united states goes-— states goes. certainly that is why while we are _ states goes. certainly that is why while we are here _ states goes. certainly that is why while we are here seen _ states goes. certainly that is why while we are here seen that - states goes. certainly that is why i while we are here seen that vote for example not going through congress at the same time as the infrastructure bill, it is of course reveals that difficult moment in the us history and the there are. i think there will be something that passes. president biden still has the majority in the senate so something will pass. however, we want to be sure that $555 billion remains as intact as possible and thatis remains as intact as possible and that is the eyes on the prize. kern;n that is the eyes on the prize. kerry riuht. that is the eyes on the prize. kerry right- who — that is the eyes on the prize. kerry right. who knows. _ that is the eyes on the prize. kerry right. who knows. maybe - that is the eyes on the prize. kerry right. who knows. maybe president trump comes back in 2024 and we know his views on the paris agreement. is he right, john kerry, that no

politician can roll this back and that the economy is driving in one direction? i that the economy is driving in one direction? ., that the economy is driving in one direction? ~ ,., , direction? i think so. using them for example _ direction? i think so. using them for example how _ direction? i think so. using them for example how in _ direction? i think so. using them for example how in the _ direction? i think so. using them for example how in the united i direction? i think so. using them i for example how in the united states we have closed or to close more than half of the coal plants. you see the cars, for example, already switching. there is a change in the market and i think it is reversible. however, it is a difference a day and night to have an administration thatis and night to have an administration that is engaging again in the multilateral processes, that is engaged here in the paris agreement, and that makes all the difference. in terms of exercising global leadership and coming back to the global process. leadership and coming back to the global process-— global process. really grateful for our global process. really grateful for your company _ global process. really grateful for your company this _ global process. really grateful for your company this evening - global process. really grateful for your company this evening and i global process. really grateful for i your company this evening and thank your company this evening and thank you very much for that. we are almost at the end of a marathon two weeks here in glasgow. there were plenty more reaction as it comes in and plenty of press conferences going on around the building at the moment but if you're justjoining