could i invite tim wirth and vijay iyer to come up and sit down. and while they come up, let me introduce them very briefly. i think tim is very well-known to all of you here. he's a former senator from colorado. a former under secretary of state for global affairs and climate negotiator, and he is currently the founding president. it's been about ten years i think of the 10 or 11 years. just about when we started. that's why i know, of the united nations foundation and a better world for all. vijay is the director of energy issues at the world bank. we're very pleased to have both of them. let me just say another word at the substance of the panel. this session is about the global set-up and what's the global challenge. and as i said in my opening quick remarks, for us at the center, concerned primarily with the challenge of development, work, the colleagues of mine have done, over the last decade really has driven home for me the crisis that's out there, because of climate change. under business as usual. it does put at risk much of the progress

and i should -- seeing tim wirth here in front, tim, u.n. foundation, reed, you guys have been absolutely fantastic in providing substantive -- not just financial support, but the substantive support that has been so necessary on this effort. one of the things that came out of this discussion is when we had a dialogue with the private sector and we started talking about issues like commitments, the private sector turned off because from their perspective was you guys are talking about charity and you're talking about the corporate social responsibility account. and what we said is no. we don't want to go to the corporate social responsibility people. what we want to talk to are the people who are responsible for making the serious investments that are going to be in the billions of dollars, the hundreds of millions of dollars, the billions of dollars and how do we trigger the investments that you would be willing to make. so where we came back to in this discussion on sustainable energy for all, and this is what is so valuable about this ini

first, the united states should support global adoption of the concrete goals and norms that tim wirth so eloquently spoke about. that are part of the secretary general's energy initiative. these goals themselves are not the solution, but targets against which to measure progress can help catalyze action and help focus attention. second, the united states should join other countries in pledging that the international community will support nations with the political will to achieve these goals by ensuring that these nations have the ability to implement the policies and programs needed for success. private companies will invest approximately $5 trillion annually in energy infrastructure each year by 2020. compare to that the amount funds needed to ensure that energy decisions work for the poor and climate are modest, only about 1% of that total amount. expanding sustainable energy access is within reach if nations use public policies to create the right investment environment that changes the incentives and the decisions of private investors. the united states must help ensure that nat

first, the united states should support global adoption of the concrete goals and norms that tim wirth the ugly spoke about that are part of the secretary just sustainable energy for all initiative. these goals themselves are not the solution that targets against which to measure progress can help catalyze action and focus attention. second, the united states should join other countries in pledging the international team you will support nations with the political will to achieve these goals by ensuring that these nations have the ability to implement the policies and programs needed for success. private companies will invest approximately $5 trillion annually in energy infrastructure each year by 2020. compared to that the amount funds needed to ensure that energy decisions work for the poor and for the climate armadas, only about 1% of the total amount, expanding sustainable energy access is within reach if nation just public policies to create the right investment environment. the changescome the incentives and the decisions of private investors. the united states must open sure tha

tim wirth and vijay iyer, please come up here and sit down. tim is well known to all of you. he is a former senator from colorado, a former undersecretary of state for global affairs and climate negotiator. he is currently the founding president, it has been 10 or 11 years, of the united nations foundation and a better world for all. vijay iyer is the director of energy issues at the world bank. we're pleased to have both of them. let me say another word about the substance on this session. it is about a global set up and the global challenge. as i said in my opening remarks , at the center we are concerned about the challenge of development. the work my colleagues have done over the last decade has driven home for me the crisis out there because of climate change. it does put at risk much of the progress made insuring people can escape poverty over the last decade. part of the problem is that for the rich in the world, there is resources to adjust to the extreme weather shocks and other problems climate change can bring. for the poor, that is not the same case. the welfare i