How to pronounce "esg"

Christiana Figueres: Today, February 19, 2021,

at the beginning of a crucial year and a crucial decade

for confronting the climate crisis,

the United States rejoins the Paris Climate Agreement

after four years of absence.

Unanimously adopted by 195 nations,

the Paris Agreement came into force in 2016,

establishing targets and mechanisms

to lead the global economy to a zero-emissions future.

It was one of the most extraordinary examples of multilateralism ever,

and one which I had the privilege to coordinate.

One year later, the United States withdrew.

The Biden-Harris administration is now bringing the United States back

and has expressed strong commitment to responsible climate action.

The two men you are about to see both played essential roles

in birthing the Paris Agreement in 2015.

Former Vice President Al Gore, a lifelong climate expert,

made key contributions to the diplomatic process.

John Kerry was the US Secretary of State

and head of the US delegation.

With his granddaughter sitting on his lap,

he signed the Paris Agreement on behalf of the United States.

He is now the US Special Envoy for Climate.

TED Countdown has invited Al Gore to interview John Kerry

as he begins his new role.

Over to both of them.

Al Gore: Well, thank you, Christiana,

and John Kerry, thank you so much for doing this interview.

I have to say on a personal basis,

I was just absolutely thrilled when President Biden,

then president-elect,

announced you were going to be taking on this incredibly important role.

And thank you for doing it.

Let me just start by welcoming you to TED Countdown and asking you,

how are you feeling as you step back into the middle of this issue

that has been close to your heart for so long?

John Kerry: Well, I feel safer being here with you.

I honestly, I feel very energized, very focused.

I think it's a privilege to be able to take on this task.

And as you know better than anybody,

it's going to take everybody coming together.

There's going to have to be a massive movement of people

to do what we have to do.

So I feel privileged to be part of it,

and I’m honored to be here with you on this important day.

AG: Well, it's been a privilege

to be able to work with a dear friend for so long on this crisis.

And, of course, on this historic day,

when the United States now formally and legally rejoins

the Paris Agreement,

we have to acknowledge

that the world is lagging behind the pace of change needed

to successfully confront the climate crisis,

because even if all countries kept the commitments

made under the Paris Agreement --

and I watched you sign it, you had your grandchild with you --

I was there at the U.N, that was an inspiring moment,

you signed on behalf of the United States,

but even if all of those pledges were kept

they're not strong enough to keep the global temperature increase

well below two degrees or below 1.5 degrees,

and emissions are still rising.

So what needs to happen here in the US and globally

in order to accelerate the pace of change?

JK: Well, Al, you're absolutely correct.

It's a very significant day, a day that never had to happen,

America returning to this agreement.

It is so sad that our previous president, without any scientific basis,

without any legitimate economic rationale,

decided to pull America out.

And it hurt us and it hurt the world.

Now we have an opportunity to try to make that up.

And I approach that job with a lot of humility

for the agony of the last four years of not moving faster.

But we have to simply up our ambition on a global basis.

United States is 15 percent of all the emissions.

China is 30 percent.

EU is somewhere around 14, 11, depends who you talk to.

And India is about seven.

So you add all those together, just four entities,

and you've got well over 60 percent of all the emissions in the world.

And yet none of those nations

are at this moment doing enough

to be able to get done what has to be done,

let alone many others, at lower levels of emission.

It's going to take all of us.

Even if tomorrow China went to zero,

or the United States went to zero,

you know full well, Al, we're still not going to get there.

We all have to be reducing greenhouse gas emissions.

We have to do it much more rapidly.

So the meeting in Glasgow rises in its importance.

You and I, we've been to these meetings

since way back in the beginning of the '90s with Rio

and even before, some of them parliamentary meetings.

And we’re at this most critical moment

where we have a capacity to define the decade of the '20s,

which will really make or break us

in our ability to get to a 2050 net zero carbon economy.

And so we all have to raise our ambition.

That means coal has got to phase down faster.

It means we've got to deploy renewables,

all forms of alternative, renewable, sustainable energy.

We've got to push the curve of discovery intensely.

Whether we get to hydrogen economy or battery storage

or any number of technologies,

we are going to have to have an all-of-the-above approach

to getting where we need to go

to meet the target in this next 10 years.

And I think Glasgow has to not only have countries come and raise ambition,

but those countries are going to have to define

in real terms,

what their road map is for the next 10 years,

then the next 30 years,

so that we're really talking a reality

that we've never been able to completely assemble

at any of these meetings thus far.

AG: Well, hearing you talk, John,

just highlights how painful it's been for the US to be absent

from the international effort for the last four years,

and again, it makes me so happy President Biden has brought us back

into the Paris Agreement.

After this four year hiatus,

how are you personally, as our Climate Envoy,

planning to approach re-entry into the conversation?

I know you've already started it,

but is there anything tricky about that?

Or I guess everything is tricky about it, but how are you planning to do it?

JK: Well, I'm planning, first of all, to do it with humility,

because I think it's not appropriate for the United States to leap back in

and start telling everybody what has to happen.

We have to listen.

We have to work very, very closely with other countries,

many of whom have been carrying the load for the last four years

in the absence of the United States.

I don't think we come in, Al, I want to emphasize this --

I don't believe we come to the table with our heads hanging down

on behalf of many of our own efforts,

because, as you know, President Obama worked very hard

and we all did, together with you and others,

to get the Paris Agreement.

And we also have 38 states in America

that have passed renewable portfolio laws.

And during the four years of Trump being out,

the governors of those 38 states, Republican and Democrat alike,

continued to push forward and we're still in movement.

And more than a thousand mayors,

the mayors of our biggest cities in America,

all have forged ahead.

So it's not a totally, abjectly miserable story by the United States.

I think we can come back and earn our credibility

by stepping up in the next month or two

with a strong national determined contribution.

We’re going to have a summit on April, 22.

That summit will bring together the major emitting nations of the world again.

And because, as you recall in Paris,

a number of nations felt left out of the conversation.

The island states, some of the poorer nations, Bangladesh, others.

And so we're going to bring those stakeholders to the table,

as well as the big emitters and developed countries,

so that they can be heard from the get-go.

And as we head on into Glasgow,

hopefully we'll be building a bigger momentum

and we'll have a larger consensus.

And that's our goal --

have the summit, raise ambition,

announce our national determined contribution,

begin to break ground on entirely new initiatives,

build towards the biodiversity convention in China,

even though we're not a party, we want to be helpful,

and then go into the G7, the G20, the UNGA,

the meeting of the United Nations in the fall,

reconvene and reenergize, going for the last six weeks into Glasgow.

In my judgment, Glasgow, and you'd know this full well,

I think Glasgow is the last, best hope we have

for our nations to really set us on that path.

And so, you know, one key is, as I said, raising ambition.

The other is defining how you're going to get there,

and then the third is finance.

We've got to bring an unprecedented global finance plan to the table.

And I think we're already working with private sector entities.

I believe there's a way to do that in a very exciting way.

AG: Well, that's encouraging,

and I'm going to come back to that in just a moment.

But I'm glad you made those points about state and local governments

actually moving forward during the last four years.

A lot of US private companies have as well.

And already I'm extremely encouraged by the suite of executive actions

that President Biden has already taken

during his first weeks in office.

And there's more to come.

There's also a push for legislative action

to invest in the fantastic new opportunities

in clean energy, electric vehicles and more.

Yet you and I have both seen the difficulties

of this approach in the past.

How can we use all of this activity

to well and truly convince the world

that America is genuinely back to being part of the solution?

I know we are.

You know we are,

but we've got to really restore that confidence.

I think your appointment went a long way to doing that.

But what else can we do to gain back the world's confidence?

JK: Well, we have to be honest and forthright and direct

about the things that we're prepared to do.

And they have to be things we're really going to do.

We just held a meeting a few days ago with all of the domestic entities

that President Biden has ordered to come to the table

and be part of this effort.

This is an all-of-government effort now.

So we will have the Energy Department, the Homeland Security Department,

the Defense Department, the Treasury.

I mean, Janet Yellen was there talking about how she's going to work

and we're going to work together to try to mobilize some of the finance.

So I think, you know,

we're not going to convince anybody by just saying it.

Nor should we.

We have to do it.

And I think the actions that we put together

shortly after President Biden achieves the COVID legislation here,

he will almost immediately introduce the rebuild effort,

the infrastructure components,

and those will be very much engaged in building out America's grid capacity,

doing things that we should have done years ago

to facilitate the transmission of electricity

from one part of the country to another,

whether it's renewable or otherwise.

We just don't have that ability now.

We have a queue of backed up projects

sitting in one of our regulatory agencies

which have got to be broken free.

And by creating this all-of-government effort, Al,

our hope is we're really going to be able to do that.

The other thing that we're doing is I'm reaching out, very rapidly,

to colleagues all around the world.

We've had meetings already, discussions with India,

with Latin American countries,

with European countries,

with the European Commission and others.

And we're going to try to build as much energy and momentum as possible

towards these various benchmarks that I've talked about.

And I mean, the proof will be in the pudding.

We're going to have to show people that we've got a strong NDC,

we're actually implementing, we're passing legislation,

and we're moving forward in a collegiate manner

with other countries around the world.

For instance, I've talked to Australia, we had a very good conversation.

Australia has had some differences with us.

We've not been able to get on the same page completely.

That was one of the problems in Madrid, as you recall, together with Brazil.

Well, I've reached out to Brazil already, we're starting to work on that.

My hope is that we can build some new coalitions and approach this,

hopefully in a new way.

AG: Well, that's exciting,

and I do agree with your statement earlier

that the COP26 conference in Glasgow this fall

may be the world's last, best chance,

I like your phrase there.

From your perspective,

what would you list as the priorities

for ensuring that this Glasgow conference is a success?

JK: I think that perhaps one of the single most important things,

which is why we're focused on this summit of ours,

is to get the 17 nations,

that produced the vast majority of emissions,

on the same page of committing to 2050 net zero,

committing to this decade,

having a road map that is going to lay down

how they are going to accelerate the reduction of emissions

in a way that keeps 1.5 degrees as a floor alive

and also in a way that guarantees

that we are seeing the road map to get to net zero.

I will personally be dissatisfied, disappointed

if for our children's sake and our grandkids sake

we can't say that when these adults came together to make this kind of a decision,

we didn't actually make it.

We've got to make it.

And I think if we can show people we're actually on the road,

I think you believe this as much as I do,

that --

I mean, you're far more knowledgeable than I am about some of the technologies

and you've helped break ground on some of them.

The pace at which we are now beginning to accelerate,

I mean, the reduction in cost of solar,

the movement in storage and other kinds of things,

I'm convinced we're going to find one breakthrough or another.

I don't know what it's going to be,

but I do know that when we push the curve

and we put the resources to work,

the innovative creative capacity of humankind is such

that we have an ability to surprise ourselves.

We've always done it.

When we went to the Moon in this incredible backdrop behind you.

And that's exactly what we did.

And people today use products in everyday household use

that came out of that quest that you never would have anticipated.

That's what's going to happen now.

We can move faster to electric vehicles.

No question in my mind,

we could absolutely phase down coal-fired emissions

faster than we are in a plan to do it.

So the available choices are there.

The test is going to be whether we create the energy and momentum

necessary to actually get those choices made.

AG: One of the big challenges is one you referred to earlier on finance.

Wealthy countries have promised financial assistance

to the less wealthy countries to help them out with cutting emissions

and to help them cope with the impacts of the climate crisis.

But of course, we need to continue to work to meet this commitment,

especially as countries around the world rebuild their economies

in the wake of this pandemic.

What are some of the most effective ways

in which the wealthier countries can help those

that don't have as many resources,

and why is this so important for the world to move forward?

JK: Let me answer the last part first.

It's so important

because it's the only way we're going to get there.

I don't believe that any government has either the money or the inclination

to be able to do what's necessary here.

I believe the private sector,

particularly driven by venture capital investment,

by the quest to be able to create a product

that then can help create wealth

and actually provide a benefit to humankind

drives a lot of things that we've done all through history.

And I don't think it'll be any different now.

I think the question is,

can we pull together enough nations

to leverage a uniform approach to the judgment

about the kinds of investments that are being made.

And I believe that if we can standardize to some degree,

with disclosure requirements,

which Janet Yellen is now seized of that issue,

and Europe, there are folks working on that

and European Commission elsewhere,

if we could actually find a way to come together

and harmonize some of those definitions

and the marketplace begins to make those judgments as they qualify risk,

looking way out,

risk, because of climate crisis

for investing is very, very real.

And we all understand that.

We spent 265 billion dollars in America two years ago

just cleaning up after three storms,

Maria, Harvey and Irma.

And it's crazy.

You spend 265 billion to clean up after the storms,

but we can't put 100 billion together for the Green Climate Fund.

That's what this year has to be about.

We've got to break that cycle.

And I think business, I'm convinced of this,

a lot of people will doubt me and say, have I lost my mind,

but I'm convinced the private sector is going to be critical,

if not the key to helping to make this happen.

And that will leverage other money.

I've talked to the IMF,

we'll be talking with the World Bank,

we're going to try to bring our own

Finance Development Corporation in America.

All of these things can help leverage investment

into the sectors that can make the greatest difference

to the rapid reduction of greenhouse gases.

And I think people are going to get very excited

about where this money is going to go

and how much it is going to be.

And my hope is in a matter of weeks to be in a position

to make a couple of announcements with respect to that

that could be helpful in building some of this momentum.

AG: Well, that's great.

It sounds like some major news coming in a couple of weeks

and just one example you used, the point about businessmen.

I have a friend in Australia, Mike Cannon-Brookes,

building a long undersea cable from the northern territories of Australia

to take renewable electricity to Singapore.

You have made the point

about the need for the US to approach this with humility

a number of times.

In that spirit,

what lessons can a country like ours learn

from some of the lower income nations

that are already beginning to tackle climate change?

JK: Well, I think one of the most important things, Al,

is to make sure that central

to this transformation,

to this transition to the new energy economy,

central to it is environmental justice,

is that we don't leave people behind,

that we're not making whole communities

the recipients of the downside of some particular choice,

that the diesel trucks, for instance,

aren't all being routed through a particular low income community

that doesn't have the ability to make a different political decision.

I think it is vital for the developed world

to recognize that there are nations,

138 nations or more,

way below one percent in terms of emissions.

And they're looking around some of them, like Tommy Remengesau,

the president of Palau,

who no longer can consider adaptation,

he's got to figure out where his people are going to go live,

as do other very low-lying areas in the ocean.

So that impact on people is really not known

by the vast majority of people who live pretty good lives

in a lot of countries in the world.

And we have a responsibility to make sure

that we're learning the lesson of their lives

and of their hopes and aspirations here.

AG: Couldn't agree more.

And here in the US,

if we had paid more attention to the differential impact on Black,

Brown and Indigenous communities,

we would have had a better early warning of what the whole country was facing.

But let me shift subjects and ask you about China.

I know that you,

as you are close friends with Xie Zhenhua,

as I have been over the years,

and I was very happy when he was brought out of retirement

to play the lead role for them.

But the US is now in the middle

of a somewhat contentious relationship with China.

But successfully solving the climate crisis

is going to require collaboration between the US and China,

we're the two biggest emitters and the two biggest economies.

How can this collaboration be shaped, in your view?

I know you played a role,

as Joe Biden did before the Paris Agreement,

in getting our two countries together.

Can we do that again?

JK: I hope so.

I really do hope so, Al.

As you just said, if we can --

if we don't get China to be cooperating and partnering

with the rest of the world on this,

we don't solve the problem.

And we unfortunately,

we see too much investment in China right now in coal still.

We've had some conversations about it.

I was on a panel with Xie Zhenhua several months before the election

by the University of California,

and we had a very constructive conversation.

My hope is that that will continue and can continue

and that China will be just as constructive, if not more so,

in this endeavor than they were in 2013

as we began the process to build up to Paris.

AG: Well, that relationship is absolutely crucial.

But in order to cover all the ground I want to cover here,

let me shift again and ask you,

what role do you expect that big corporations

and also smaller businesses will play

in moving this green transition forward?

JK: I think they're the biggest single players in it.

I mean, governments are important

and governments can and have made a difference with tax credits.

For instance, our solar tax credit made an enormous difference

and it will make one going forward.

And even in the middle of COVID, we've been able to hold on to that.

But we need to grow those kinds of efforts.

But in the end,

it's not going to be government cash that makes this happen.

It's going to be the private sector investment that is coming in

because it's the right thing to do, because it's also smart investing.

And the truth is, you can talk to many --

and you have, you're one of the investors actually, Al --

you and others have proven that you can invest in this sector

of dealing with climate or environment or sustainability,

whether it's ESG or it's pure climate.

There are ways to have a good return on money.

And during the last couple of years,

we had something like, 13 to 17 trillion dollars

sitting in parked banking situations around the world

in net negative interest.

In other words, they were paying for the privilege of sitting there,

not invested in something.

And so I think there's just a massive opportunity here.

And most of the CEOs I am talking to, at least now,

are increasingly aware of the potential of these alternatives.

And you were in early,

I don't know if you invested in it or not,

but I know you're involved with Tesla or have been.

Tesla is the most highly valued automobile company in the world.

And it only makes one thing: electric car.

If that isn't a message to people, I don't know what is.

AG: I wish I had invested in Tesla, John,

but I'm a huge fan of Elon Musk and what he's doing.

I'm also a huge fan of Greta Thunberg.

And I'm just curious

what you think in practical terms is the real impact for change

coming from these youth movements like Fridays for the Future?

JK: I think it's been gigantic and spectacular

and in the best traditions of what young people do

and have done historically.

I mean, as you recall, in America, at least in the 1960s,

it was young people who drove the environment movement,

the peace movement, the women's movement, the civil rights movement,

and they were willing to put their lives on the line.

And Greta has been just unbelievable.

And in the way in which she has held adults accountable

and it has created this wonderful movement.

I've met so many young people,

many of whom have worked in one fashion or another with me

in the last few years,

who were brought to it from Fridays for the Future,

from the Sunrise Movement, or, you know,

it's all that focused youthful idealism and energy

and it demands to be heard.

And I think all of us, I mean,

we should be ashamed of ourselves

that we have to have people who were then 16 or 15

not going to school to get our attention.

I mean, what the hell is the matter with adult leadership?

That's not leadership at all.

So I salute her and all the young people who put themselves on the line.

But I invite them, you know, it's not enough.

You've got to then --

and I said this during the course of the election

where I hope we created a lot of new voters.

And I think environment, specifically climate crisis,

became a real voting issue this year,

just as it was back in 1970 when we created the EPA

and the Clean Air Act and a host of things.

And it proves that that kind of activism is necessary.

And I hope we're going to keep young people at the table here

and finish the job, that's the key now.

AG: Yeah, I couldn't agree more.

And another big movement that's having an impact

is the environmental justice movement.

You referred to it earlier.

And I'm so glad that President Biden is putting environmental justice

at the heart of his climate agenda.

It might be good if I could ask you to just take a moment

and tell people why that is such an important part of this issue.

JK: Well, I think it's important part of this issue for many reasons,

the most basic is just moral, you know, what is morally right.

And how do you redress a wrong

that has for too many years held people back,

killed people by virtue of disease or other things,

and resulted in a basic inequality and unfairness in society.

And I think you share a feeling, as I do, Al,

that the fabric of a nation

is built around certain organizational principles.

And if you're holding yourselves out as a nation to be one thing,

i.e. equal opportunity and fairness

and all people created equal,

and equal rights and so forth,

if that's what you hold out there and it isn't there,

eventually you get such a cynicism

and such a backlash built up into your society

that it doesn't hold together.

To some degree, that is what we're seeing around the world today,

is this nationalistic populism

that is driven by this heightened inequality

that has come through globalization

that has mostly enriched already fairly well-off folks.

And so if it's the upper one percent that's getting all the benefits

and the rest of the world struggling to survive and they also have COVID,

and then you tell them we've got to do this or that in terms of climate,

you're walking on very thin ice

in terms of that sacred relationship between government

and the people who are governed.

It's not just an American phenomenon.

You see it in Europe.

You see it in alternative movements in various countries.

And I think it is the great task of our generation

not only to deal with climate,

but to restore a sense of fairness

to our economies, to our societies,

to our world.

And that is part of this battle, I think.

AG: Yeah, I agree.

And another common source of opposition

to what governments are doing now has to do with the fear,

both in the US and elsewhere, on the part of some,

that jobs might be lost in this transition toward a green economy.

You and I both know

that there are a lot of jobs that can be created.

But let me put the question to you.

How can we approach this green transition in a way that lifts everyone up?

JK: That is one of the most important things that we need to do, Al.

And we can't lie to people.

We can't say that some of the dislocation

doesn't mean that a job that exists today might not be the same job in the future

and that that person has to go through a process of getting there.

And we need to make certain that nobody's abandoned.

We need to make certain that there are real mechanisms in place

to help folks be able to transition.

And I just spoke the other day with Richie Trumka,

the head of the American Federation of Labor,

and he's been very focused on this.

And we agreed to try to work through

how do we integrate that into this transitional process

so that we're guaranteeing that you don't abandon people.

Now, one of the things we need to do is go to the places

where there have been changes and there will be change.

Southeastern Ohio, Kentucky, West Virginia.

You know, if the marketplace is making the decision and it's --

by the way, it's not government policy,

it is the marketplace that has decided, in America at least,

not to be building a new coal-fired plant.

So where does that miner,

or where does that person who worked in that supply chain go?

We have to make sure that the new companies,

that the new jobs are actually going into those communities

that the coal community,

the coal country, as we call it, in America,

is actually being immediately and directly

and realistically addressed in this

to make sure that people are not abandoned and left behind.

That is possible. That is doable.

Historically, unfortunately,

there have been too many words and not enough actual --

not enough actually implementation and process.

I think that can change.

And I'm going to do everything possible in my ability

to make sure that we do change it.

AG: Well, that's great.

And another part of the context

within which you are taking on this enormous challenge

is the COVID pandemic,

which has exposed the cost of ignoring pre-existing systemic risks,

inequalities and sustainability.

And now as we start to come out of this pandemic,

how can we avoid sleepwalking back into old habits?

JK: Boy, that's probably the toughest of all.

I mean, there's a natural proclivity for people sometimes

to just choose the easiest way.

And clearly, some people already have and will resort to that.

I think the key will be in President Biden's proposal

for the build back,

which will actually fight hard to direct funds to the investments

and to the sectors where we want to see a responsible build back.

There’s another aspect, and I think that can be done, Al,

I really feel that.

For instance,

someone who's making a car today in South Carolina,

where BMW has plants,

and just to pick one place or Detroit,

GM is obviously going to make this shift,

they just announced it.

The people building the car today

are still going to have to put wheels on a car, build the car,

put the seats in, do everything else.

It's just that instead of an internal combustion engine,

they can be quickly trained to be able to put the platform in for the batteries

and the engines themselves, etc, that will drive the car, the motors,

that's one way of dealing.

Others are that there's new work in some ways.

We have to lay transmission lines in America.

We do not have a grid in the United States, as you know.

We have at east coast, west coast.

Texas has its own grid, north part of America,

but there's a huge hole in the country.

You can't send energy efficiently from one place to another.

We could lower prices for people and create more jobs

in the build-out of all of that kind of new infrastructure.

Not to mention the things that you and I, you know,

there are going to be things that we can't name today,

some negative-emissions technology

that's going to grab CO2 out of the atmosphere

and do something with it,

like in Iceland, where they put it into the rock,

mix it with liquid and it turns into stone.

I mean, there are all kinds of different things people are exploring.

Those are new jobs.

AG: I just want to say,

since we've come to the end of our time for this conversation,

thank you again for taking on this crucial challenge

on behalf of the United States of America

and enabling the US to restore its traditional role

in trying to bring the world together.

And I know that everybody watching and listening to this conversation

sends you their best wishes and hopes

for all the success possible in this new work, John.

Thank you so much for joining TED Countdown,

and we wish you the very best.

JK: Can I reciprocate for a minute?

First of all, I want to thank you

for your extraordinary leadership for years,

I can remember when you were leading us in the Senate on this,

and you've done so much since.

And I am personally delighted to be working with you on this again

and look forward to the next months and together with a lot of other folks.

Let's get this done.