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a with the moderated by i think he'll be a a principal all all
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claim that we he's could the the the so you would do the job
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so shall i let you maybe introduce yeah uh i really haven't released show majors years this yes
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so very sorry uh our moderator uh and just get a i
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a positive reject knows it conveyed so i would be moderating and uh maybe i will come on the
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floor a pillow so unto engine at all and uh
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so the goal of this panel is really wheat um
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experts from the the financing sector or the public sector are and the technical sector to widen
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it'll be to the debate um i guess i would put myself in the middle okay it's fine
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it's a very far and to widen the to be the the debate
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so we spoke a lot about the some national come into an initiative
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but the goal today would be we which you experts to see uh um you know what
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a blended finance and uh acting at some national then
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could could could bring so i'm here today with uh
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and to we uh down from the geneva cities had
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uh so you're the um at pass that come out from the streets government
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and uh to the euro co director of the um the genius it is hard
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who is a uh promoting the international geneva and has been found that by uh to the swiss government
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due back until engine us city so the holy holy trinity
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uh to promote the um the action of genuine in c. d.'s
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i'm also here today with a pillow so uh we
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is a adviser on blending finance on mini d. use
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yeah uh you have been advising also been peabody basil bank on then that finance
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you've unknown sure own initiative you're the chairman of plastic
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nomad and uh your the most knowledgeable person i know on
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on land that finance so re uh thanks you for for being your animal so you read uh zhang metaphor yeah
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who is the head of civil engineering and environments that uh i teach the main uh one of
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the main utility actually turned mostly active in in i drove but uh but in in many other um
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a renewable energy uh a sector so i mean yeah we started
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you uh and to um we've heard a lot about some national
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um cities so why do you believe or do you believe it
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that's it is that that i knew role to take and and
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why is uh the city level uh so relevant uh uh today
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thank you very much the the things that they get station very interesting actually per way to fame for fun to kind of depends
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on a camping usually said you know it's a state approved here
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is probably even dictates that an cities have racing and the international
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but not anymore justice babies activity with things actually
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the current political to switch and make things right andrew
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sees another clay separate keys to their local population being okay bees they
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know what challenges they noted context and they look they look case and
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and therefore it is very very important and you
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and actually the creation habitually recipes current testifies
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to snow our founders it he said as he
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said basically it adequate twenty me various is federal authorities have invested in us to better connect
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cities to what's happening in international writing me because they believe that cities have major role to
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play in global governance and we're not about
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as the cheese the sustainable development calls already yeah
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and i think they're k. you mentioned that we don't cities in fact
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national authorities we won't reach the sustainable development course now and therefore it
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you're you're wants you basically invested electrically incredulity
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is wearing financially beep beep and chase such
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a cities in any type of local individual
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governments we have sent very clear policy signals
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that they are head of the table and meaning ahead of the game in relation to
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state basically in terms of the local tools
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insinuations two weeks and sustainable development calls so
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i hope i have provided a i don't have an answer to a question
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that things that that thank you uh anti and it's always very difficult have twenty
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we need to do uh i come princes panel on financing c. t.s with then
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finance it may be that many session will be for you a pit was so
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you've been working in the in in finance uh all your carrier uh you've been now um you know uh
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very focused on then and finance and the impact investing so um could you tell us uh we
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we know why do you believe blended finance uh you know easy to the new way to invest and
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and why price investor should start looking at a blended finance
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yeah i'm just choose the as simple as that one's with that is because the existing finance model doesn't work
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sold today if we have to finance the transition because is about to finance the transition
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to to the existing tools that we do have a whatever is even investing or financing are
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not appropriate they need to be change this is strange that the world is changing incorporated changing
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but finding doesn't so we have to we have to we have to change that
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and uh uh and this is where this is where we have some few things to do what
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we have to finance we have financing the transition means that we need to finance out of balance sheet
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and the first of all to find a solution than we have seen the example here you need consortium
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you need to bring people together the complexity is so high that you cannot have one one project or one take
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and so it means that if you have a tech you have two integrated in the business models so you are you have to create a new
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you have to finance the new system which the shareholding of a company or the button she cannot do anymore
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so you have to find somebody somewhere to pay two finals the transition so this is what we have to achieve
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and today if we do a uh uh buttons agreeing buttons this is
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called the green buttons it's not but but the green buttons doesn't create impact
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eighty five percent of the green buttons that zero impact is just green is just yeah
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g. like uh like we mentioned before but if you refinance something which is already green
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you don't make any impact and what we have to do is to move from the a. g. to impact yeah she means to be normal
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creating impact is really doing something if you have seen recently they have been is to
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do that to the economy's will mention that only twelve percent of the yeah g. fund
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a compliant we've got twenty one cup twenty one is about realising the impact is not used to be green
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so this is what we have to which if we have too hard to the
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risk return because we continue to be profitable without profitability you cannot be sustainable tool
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you have to realise that the risk in the return doesn't disappear the risk
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and those are the risk and return it to integrate an additional component which
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is the measure the impact like margaret explain before and this is this is
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key and the next step that we have to do is to believe that
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by integrating the impact we are not reducing the profitability
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and this is what we can demonstrate with some of those project because
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what what will happen what would be the most important things that happen today
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is the commitment that all the cooperative made recently about that carbon twenty fifty
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so it means that all the supply chain of all the
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copper it will enter in front of the buildings when the
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factory already in natural cobb and so it means that you
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have to change the life of your provider as an industrial
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so every you change your model or you change your supply and this is what
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we will have to find a that tank things are much doubt very inspiring and uh
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thank you and so maybe i'm full you assertion that also i
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peek is um one of the leading you to just sit and
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uh you are our largest set on our uh you have a dozens of megawatt enunciation so
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why a company like al peak uh would be interested in in blended finance
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thank you david for the invitation um for for me the question is how developing
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country can have their own infrastructure i think that's maybe the most important because we are
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a new open sort sort of infants we have all in france for structure for
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fifty years or more um how we can
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help developing country having the infrastructure are also
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think that's it's not working now in africa for example we can say that for
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twenty years it's not working a chinese try also they have they all in a finance
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so uh approach and i can think that's i i think that's it's not working um
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the point is that's a within that bunch finest can bring can can be a solution
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um the question is i want to invest and how
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um i think that's it now so it's not working um
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who uh take the risk and how the risky is taken utilities now as i've begun orders
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or if you are investing in uh in this country because
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we have a huge risk and this is also a way
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to mitigate the risk and saying that's a g. c. have
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help us and we have a mechanism to come help utilities on
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uh all the base are also and i think also that they something very important is that
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what should be uh the with the little investments which room
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because then should we make lots of money in africa or not and um
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i think that you community cam uh we
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cannot guidance was such projects sake that's okay of
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course we can we should have some which ones uh i think for investors on what should
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be the switch on and it there was this balance between risk and which are on and
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i think here uh the discussion we have is that's it can be a solution to have
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let's say low with some with with low whisk and it can rocks for developing country i think
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that they think you think you're very much uh action at all
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so um again a very um helpful to know that i'll pick
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will follow us then to invest in africa and the ever think
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you right and maybe i'm under question for you and to um so
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we're here in geneva there is that she knew that city's harbour
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uh the government is behind you uh we have here have very large a financial sector
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uh so is their role for geneva to to take in that transition
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e. c. is is a platform itself and it actually
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get there is a lot of different constituencies are working
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it's nationality that which god is of course state for
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international organisation set flighty that now or in law we
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what we call the private fact there is is stepping
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and so we gathered different constituencies anywhere for a very
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good can decent environment to talk to our heating negotiate
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to build trust or common objectives so it is it's not
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it's it's appetite for where we provide space for all
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these different axes to con and sit at the table
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and again talk around common objectives that slapped me that is known for it that's what we do best you
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know and and that what would have to offer to this you know to make sure that the transition gathers
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all the relevant actors around the table and that of
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course we also have to shape the international organisations throughout working
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with state with local parties on achievement our existing about girls
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thank you and and yeah very inspiring i hope one engine you that we'll hear you and and that uh uh
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that that really indeed have a new players got coming around
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the table and and promoting this this type of initiative um
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p. p. l. a. u. you spoke about you know blended finance and uh you know the
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the match knew that transition and then for a new views um what are two days the um
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the main bar years uh that that remains to you know to make
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it happen why blended finances still somehow marginal and not the business as usual
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first of all to to change is always difficult so but the first and then re
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is always the same use your is yourself so the first and then your finances finance
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so why because finances is is built in in the is built in a silos
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so you have the venture capital you have the brevity quickly you have that that you have that that you quickly
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everything is separated you have the public the private uh when you talk to people either
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don't want to go with private to deprive it didn't want to go with public so
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in fact everything is silo or the solution is coming in the collaborative i don't like to
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use blended finals because gratify nancy looks like at the juice i make in the morning and something
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it's something which is trash and make noise uh no i do prefer to call collaborative collaborative financing
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and what we have to do is to bring all the cycle of financing investment and financing together
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which has never been gone and then we have to put all the cycle of
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investment and we have to rethink the way if i take the utilities for instance
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why the utilities need to carry the assets so we can take away from the
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utilities the asset putting of and give it to pension fund or long term people
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and keeping the operational for the utilities for instance so we have to rethink about the different
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way that we used to finance things today that will create opportunities for each investor before that
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pension for me to talk to probably take with you need to talk to venture capital is
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to to talk to impact fund and we need to put those people are on the same table
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today those people are leaving in the on silo and they are comfortable
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lead sitting until that things will crash and they will have to move
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that thing keep yeah and i still think we have time over time yeah for an last question
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for for for sun at all um thanks a lot yeah for for your answer and and i hope we know
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we would be part of the solution i'm jeanette also
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you've heard the the panel you you're an asset on or
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how do you feel to now i have a you know a in your shoulder to work with the big sector are you afraid
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uh speaking about tighter into it and would you be keen to have a p. b. k. uh
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to beat meeting you're sure older i think that that's very important cursor need in
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the twenty second constraints once again i have to say that we have to work
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with public sector because they get they have to get the cadence then if we
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if lots we can uh we can everybody can be in trouble because we will
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it's we have the possibility to do it rank and i think that we have to do it
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we do it in switzerland we do it in france and in occidental countries and we have also to
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do it for developing countries um i think that's this makes it existing how so all those we
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have to become also private and i think that's we should we must work together uh for this project
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thank you very much uh it does appear to be to be here
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with you even though it's very short for such a difficult topic but uh
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for the audience uh we will most of us we remain the
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the full day so uh we're we're going to welcome your your
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question the question you may have and thanks again for all know