John Kerry Says Climate-Focused Economy Is Smart Business

Climate change, the energy transition and the financial plumbing needed to channel trillions of dollars toward green investment dominated discussions on the third and final day of the Bloomberg New Economy Forum in Singapore. US Special Presidential Envoy for Climate John Kerry led the call for real progress at the COP28 summit starting later this month, stressing the importance of sticking to the goal of capping global warming to 1.5C. “This year is going to be worse than last year, and next year is going to be worse than this year. It’s baked in with the rising temperatures,” Kerry said. “We will wind up with, sometime in this century, a low-carbon, no-carbon economy. What is not certain is that we will wind up there with the speed necessary to avoid the worst consequences of this crisis.” -------- Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Subscribe to Bloomberg Originals: https://www.youtube.com/BloombergTV Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/@BloombergQuicktakeNow Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake