 This is the workshop number two focusing on energy and environment. I'm Nobuo Tanaka the ex executive director of the we have six panelists You know them. I don't explain to you Olivia Pell and Ali Zeroyli later Ben Ali, Richard Cooper, Cosmin Ghida and Tatsuro Masuda. So we will talk about climate issues But this morning, we had very interesting preliminary the Roland Fabius and Patrick Puyane made a very interesting introduction for us about the role of government state and how the ambition must come from the leadership and Issue of the future of the coal is very interesting one Certainly renewable energy nuclear. How can we use advanced innovation technologies? That's certainly the issue I will use my slide and before starting each of us will make some seven eight minutes the initial remark and then open for the discussion but Could you make a slide of mine that place? Yes Contribution to the group innovation for This is a forum created by former and current prime minister Abe five years ago it is consisting of Energy related people at the steering committee and it is exchanging views and information and making international links of experts or for Technological innovation for the sustainability this yeah, we had just a meeting about a week ago and About thousand people Participated from 17 countries and I'm the chairing of the steering committee So I just want to say the short word what had happened there and what was the message? this is a picture of This ISF group and another two groups which concurrent back-to-back Health in Tokyo one is the TCFD summit TCFD is Task Force for Crime and Financial Disclosure started at G20 by the Mark Kearney Central Bank of the UK and Michael Broomberg started For the G20 countries about disclosing the risk financial risk of the corporations for the investors so Japanese Government promoted that substantially in the last about a year and There are 199 Japanese corporations signed up So this financial sector's pressure is getting very strong. So this ISF is that they're very back together with this TCFD group we made a Contribution and we made a meeting with Prime Minister in the Prime Minister's office and Remind him of how we should move and he urged us by the way calling for much more serious Effort, he said it should be the unconventional and this continuous innovation is necessary and In the sessions, there are many different. I mean Issues are treated but the subject of this ISF was bending down the emission trajectory by innovation and green finance because the Global CO2 emissions are increasing at about 2% per year and Which is in line with the long-term historical trends Since the beginning of the industrial revolution that means the gap of This trend and the global goal of net zero emission by 2050 It's widening Every year. So enormous effort is necessary. So ISF's Do a lot of things but how to bend down the emission trajectory with all possible measures including financial or New technology, etc. Is the critical issue I did a lot about Roadmaps and this year's roadmap was decarbonization in Industrial heat sector industrial heat is a very tough area. So using more CC us or hydrogen biomass electrification and all possible tools used to reduce Energy CO2 emission from steel making or cement, etc Of course top ten innovation. There are many different kinds of Technologies on the commercial scale from or from the research and development stage We pick up several of these innovative technologies and and Participants voted which are most likely technologies. So these top votes of participants Another message which is this this is interesting. This is the infographics of the excuse me I'm sorry. This is a top ten innovation. I'm sorry. And this is the infographics and vigorous decline. So Bob slay was Taken up Showing how quick we have to do and another point which I really raised is Role of women in the climate change mitigation Climate change is not Gender neutral women are much more Hushly hit by the climate change especially in African countries because farmers are more always more women and And fetching the water with climate change much more effort Required on the other hand women Can do a lot to change the policy by voting by becoming the business leaders and changing the business model so women's role for Climate change mitigation could be much more stressed. So gender issue and Climate issue should come together that so for the national sector Is a green financing means climate Lens investment so gender lens investment should come together That is one of the Point which this group has discussed and recommended I I don't want to go too far, but I always say Revolution has happening in many fronts and one in us to in the solar power is the cheapest in the future. The third is the China's green revolution and forces digitalization, but Important fifth revolution, which I want to add is this demand side driven transformation because TCF D through TCF D the money goes to more sustainable companies and They are you know way user of the energy So if these companies try to be more and more sustainable, you know, this may cause The structure of the supply IA or government always thinking from the supply side, but demand side driven transformation may change drastically the structure and another example is RE hundred renewable energy hundred corporations. These are the list of corporations But major Corporation like Apple GM BMW if they require their suppliers to do the same and it is a case maybe those companies who stay in the Supply chain of the major global corporations will use only renewables in the future and This may create a huge challenge for the structure supply structure of the energy. So energy Transformation could be driven much more by the users rather than supplier or the government So this is one of my Point which I want to raise to the role on Fabius point about that role of the state state should Kind of prepare the incentives or financial schemes or standards for the disclosures and let Corporations or users decide the future. This is one of the message. I want to share with you another one is that IA's energy demand Prospect shows that It's not easy to see the peak demand of oil happens, but If demand side change Happens quickly Maybe peak demand happens much earlier. So that is what Saudi Aramco is concerned I told you about this last year, I guess but Peak demand of oil may happen much much earlier I talked with recently the Chinese experts and they say peak demand of oil in China may happen before 2025 it's five years from now And peak demand of a peak emission of the CO2 may happen even 2022 that is what Chinese saying so their strategy is using more renewables and reducing oil and gas import from Middle East from Russia and from United States is this is geopolitical strategy of China But at the same time it's sustainable Energy policy. So this is very interesting to help those producer and Gas oil exporters one way is using more hydrogen. This is a very common subject of ISAF and G20 that to make green oil green gas only Hydrogen with CC us may be exported or used so Hydrogen could be still costly option, but Japan has been promoting use of hydrogen but China is taking up very seriously these days because of the extra generation of solar and wind Could be stored as hydrogen. So as a storage Hydrogen may be used much more I say Substantially in the future. So I stop here in my Presentation about this kind of contributions from the ISAF to you and Let's start That each other the individual panellists to present their case I will take up Olivia Pell first and then Layla will follow