vijay? >> actually, just to pick up on that point and the question that came, at one level these goals are definitely aspirational. i mean, this is to drive action. this is to drive commitment. this is to drive a campaign among countries to build awareness for something that has long -- long development challenges which have not been addressed. in a way some of the other development challenges have been addressed through the mdgs, et cetera. and these goals, the way they are defined have to be unpacked. they have to be understood in the context of each country and each region. it's not the case that every country will have to increase its renewable energy share by 50%. there are countries that are better place to do it than some others. and a lot of the action on energy efficiency and renewable energy will have to come in the developed world. i give you the example of the united states where energy saving potential is very high. similarly in europe, the energy potential saving is very high.

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

i would like to add a few things to the discussion that you've had with vijay iyer on sustainable energy for all and give a little context from the united states' perspective. i think the first thing that is absolutely critical that happened here in secretary general's effort is that this was defined as an effort to leverage private capital and investment to stimulate action and change. it was not defined as a development assistance problem. and the reason that's absolutely critical, as you go back to the figures that nigel was just using, $48 billion a year in investment every year through 2030 in order to be able to achieve universal energy access. if you define that as a development aid problem from the outset, you have failed. if you define it as a strategy to be able to leverage and create the conditions for private investment to make it possible to extend energy access to markets where it has not gone in the past, then you can succeed. whether the figure is 1% or 3%, we can debate that. but that $48 billion represents somewhere around i would say 3% of the total private investment

thank you so much, tim and vijay and all of you. now i want to invite nigel to come up and introduce the next session. [ applause ] >> thanks. >> before nigel starts, let me put in another plug for the report he did, which i think is available outside. it brings together some of the questions raised in the last session with some of the answers we hope for in this session. >> thank you, nancy. and thank you for your partnership in organizing this event and for sgd's tremendous work in raising the profile of development policy and the many contributions your scholars make to that effort. it's a wonderful opportunity to be a partner with cgd on these issues. i want to thank lawrence mcdonnell and kyler lawrence for all of their work and i especially want to thank abigail jones for her many intellectual contributions to my thinking and to our joint writing in this area. finally, i want to give a special thanks to our friends at the embassy of denmark here in washington for their support for this work and for their leadership on developm

his 18-year-old son, john vijay, has come for a visit.til two years ago, mccrory didn't even know he existed. >> growing up, i always wanted to know who my father was, but i never did. i had seen pictures, i would ask about him. my mother would tell me this and that about him. it was a rough conversation. she started telling me. i wanted to get to know him. he start aid relationship through letters and like that, and i finally got to come meet him. >> mccrory and vijay immediately connected. >> i guess a person didn't know you can love, care about a person, until you have that part of you. that is my only kid. the only one i got. so, it's the world. there's nothing more important, so that's everything. >> got a visitor. >> yes, sir. >> he just has so much love and affection to show for me that i had no idea until i finally got to see him. >> vijay is currently in college in another state and gets to visit mccrory three or four times a year, including today, along with his stepbrother, kyle. >> how are you doing? >> scott. >> how are you d

i hope the most difficult have already been posed which tim and vijay dealt very well with. i'm reminded listening to carlos that one of the things that i've done in recent years was to -- was to negotiate for investors the purchase of electric generating company in texas, texas's largest, which was the largest private equity investment in history. it was a $45 billion investment. it was a practical, profit-oriented investment. the kinds of numbers we're talking about here, if you're talking about global private capital are not daunting, and in fact if the incentives are correct, and that's what policy is all about, can be very effective. i want to begin by going back to stockholm, the united nations conference on the environment in 1972, which the u.s. delegation was headed by russell train, whom i had dinner with last night who is now 92. what came out of stockholm were two things, in my view. one, the united nations environment program was agreed upon, and two, countries took stock of their environmental commitments and capabilities and established environment ministries.

his 18-year-old son, john vijay has come for a visit.ars ago, mccory didn't know he existed. >> grog wing up i all was awant to know who my father was. i never did. i had seen pictures, i would ask about him. my mother would tell me about him. it was a rough conversation. she started telling me. i wanted to get to know him. he start aid relationship through letters and i finally got to come meet him. >> mccrory and vijay, immediately connected. >> i guess a person didn't know you can love, care about a person, until you have that part of you. that is my only kid. the only one i got. it's the world. there is nothing more important. so that's everything. >> visit. >> yes, sir. >> he just has so much love and affection to show for me. that i had no idea of until i finally got to see him. >> vijay its currently in college in another state. and gets to visit mccrory, three and four times a year, including to day along with his stepbrother kyle. >> how you doing? >> you going to the beach at all before you leave? >> maybe, maybe tomorrow or to

. >> vijay? >> just to pick up on that, and the question that came, at what level do you suppose our aspirational? these are to drive action, to drive commitment, this is to drive a campaign among countries come for something that has been long development challenge. it has not been addressed. the way some of the other develop the challenges have been addressed. and these goals, the way it they are defined have to be a factor have to be in the context of each country and each region. it's not the case that every country will have to increase its renewable energy shared by 50%. there are countries that are better placed to do it than others. and a lot of action on energy efficiency and renewable energy will have to come in the developed world. i give example of the united states where energy saving potential is very high, similarly europe has potential saving is very high. the e.u. already has goals for 2020 that they're looking at increasing the share of renewable energy and energy efficiency by

this kay, vijay iyer used to run the power -- was it the power sector, all of the energy sector for africa at world bank, but it's a topic maybe we can come back to because i think there's a huge amount of potential there, peslition with some change happening in south africa now and being a bigger market that could essentially be the demand focus that helps provide the financial security necessary for financing in the hydro sector. >> i'd like you to answer the questions that you thought of most relevant to you, but if you could add to your remarks something about how you, having lived through the original rio, would advice this president, if you were serving in the white house, on the question about whether he should go and to think about how to define the u.s. contribution at rio. you have a special window into that decision-making process and i think the audience would benefit a lot from your analysis of how that decision would be viewed by the white house. >> well, there's no question that if the president decides to go to rio he will be attacked for ignoring the problem of jobs at hom

you'll find zach johnson, vijay singh, tiger woods.rles schwartzle shot even par in the first round. more on the orioles tonight. we'll hear from opening day pitcher jake arrieta. we'll see you tomorrow. >> thank you, mark. be right back. ,,,,,, -dad, why are you getting that? -that's my cereal. is there a prize in there? oh, there's a prize, all right. is it a robot? no. is it a jet plane? nope. is it a dinosaur? [ laughs ] [ male announcer ] inside every box of heart healthy cheerios are those great tasting little o's made from carefully selected oats that can help lower cholesterol. stickers? uh-uh. a superhero? ♪ kinda. [ male announcer ] and we think that's the best prize of all. ♪ >>> don't miss the cbs primetime lineup at 10:00. it is the mentalist. that's it for us tonight. back at 11:00. i'm denise koch. >> for mark and for tim. >> pelley: tonight, n know why the nfl hit the saints so hard. a disturbing audio tape appears to show a coach directing hits designed to wound specific players. armen keteyian has the tape and the sto

let's hope it does. >> vijay, maybe you could say more about vietnam. people talk about partnerships. the question is about the policy environment in many countries. will it attract private capital? what were the keys in vietnam? you have to put everything together, the technical assistance, the financing, the right policy environment. give us some insight into how it worked recently in vietnam and why. what were the key issues that got addressed? >> thank you, nancy. vietnam is a very interesting case because he was a country that came out of war and conflict. the leadership was very committed to finding ways in which economic development could be driven in an intensive way. in 1993 when they started embarking on finding ways to get electrification, a lot of good factors were present that allowed them to get off to a good start. you had a good program from the donor agencies, the asian development bank, the world bank, who provided the initial level of technical assistance and capacity building to prepare the groundwork for looking at solutions that wo