Rothschild: Climate Transition Needs Huge Collaborative Effort

The transcript discusses the evolution of ESG and inclusive capitalism over the past nine years, highlighting the increased focus on sustainability. It emphasizes the importance of implementing a carbon price to address climate change and the political challenges involved. The discussion covers the mainstream acceptance of carbon taxation and the economic challenges of green energy alternatives. The speaker calls for bold action and leadership in climate policy, urging influential figures to support carbon pricing initiatives.

What was the status of ESG nine years ago according to the speaker?

• It was a well-known concept.

• It was not even a term.

• It was a government policy.

• It was the main focus of businesses.

What does the speaker believe is the most important lever for addressing climate change?

• Public awareness campaigns

• More investment in fossil fuels

• A price on carbon

• Increased government regulations

What is the Wyden amendment proposing?

• A ban on fossil fuels

• A $45 price on carbon

• A wealth tax

• Subsidies for renewable energy

How does the speaker suggest handling the narrative around fossil fuel taxation?

• By focusing solely on environmental benefits

• By reducing taxes on all fuels

• By ensuring the costs are borne by the wealthy

• By ignoring public opinion

What potential benefits does the speaker associate with carbon pricing?

• Increased investment in clean technologies

• Higher costs for consumers

• Reduced government revenue

• Decreased innovation

What is one of the economic challenges mentioned in transitioning to cleaner energy sources?

• Insufficient government support

• Abundance of fossil fuels

• High costs of blue and green hydrogen

• Lack of public interest

What temperature rise does the speaker consider unacceptable?

• Below 2 degrees

• Exactly 1.5 degrees

• Above 2 degrees

• Below 1 degree