 China and Asia and China and Most of us noticed that 2014 for the first time it seemed that see a global CO2 emissions had Increased that I'd stalled and and this was the largest extent attributed to the fact that in China cold Consumption actually fell for the first time in in in in decades It fell by about three percentages last year is continue folding in the first quarter of this year now Does this go it does this mean that is this the result of ambitious climate policy in China or other other other things lurking behind this positive developments Yeah, well, thank you Kala. I started timers make sure that I don't talk this bloody thing more than five minutes So the answer to that question is Yes We are seeing a peak or Co-peak and many of us including myself. I actually believe China is soon going to reach a cold peak if not already But I say it's not must be dramatic in terms of changing Pre-conditions for climate negotiations. Oh, yes, certainly send some confidence to the Paris as we talked about this morning But you know, I wouldn't say it's a primarily This miraculous happening is the effects of climate or environment policies per se Because it's certainly helped but it's a combination of China's Over-capacity crisis No less and combined with somebody called air pop lumps in China at the horrendous air pollution issues The public slices since 2003. I think those combined has accelerated China's cold consumption reduction But what I really actually want to talk about as this what a list Policy example and for our later discussion is something called the one belt when wrote Initiative as Chinese to call it. I'm sure many of you have heard The Asian investment Asian Infrastructure Investment Bank or even heard the new development bank or some even Have heard the silk road fund But I bet a few of you have heard this thing called one belt one road and And increasingly I like it some called bar the bar initiative. So there's some sort of new stimulus package Well, yes or no No, I cannot control Yes So if you look at the where the where the largest bar is this it Is this the one belt is a refer to economic development belt along Asian the Silk Road in land and The one road is a refer to the Chinese to call the 21st century Maritime Silk Road. So that's the one road one belt but you know without Worry about old complexity of that simply what this is is a massive infrastructure Investment project in the coming 10 15 20 years that will connect the East Asia to East Africa to Europe And just to give you a size of this thing say People are talking about the infrastructure investment in this area is a trillion something in the age Austin country again alone some numbers say from 2011 to 2020 that's 1.5 trillion investment in this and the Chinese has had all this driven the new set of the International financial institutions to set up as a mean to this end It's all set up to finance the one road one belt This looks like a big risk for new emissions down the line or I have 37 seconds to To say that the whole thing about this is to say this is the real deal This is a massive. This is I assure you will be the lips of everybody to talk about this very soon This can't go either way. It's the can't go green. This can't go brown. This can repeat the Chinese miracle economically and also at the same time in Terms of the speed that we have increased our own per capita carbon emission if that happens in This area which is a 4.4 billion people and you can do the quick mass and then then forget about any climate agenda so this is the This is the China Pakistan economic Corridor the Chinese president has assigned the deal with the price tackle for 46 billion dollars Just last month and look at this this 80 percent is investment on energy Look at the little car Sorry about that It's just shows the race So those are little cars are all coal fired power plants We Chinese know how to build them. We even know how to build the most clean Coal fire power plants, but my friend clean coal is still coal And and Just to end that up is the last one. So this can easily also go green Because China the overall capacity is not only in those areas. We also in wind We also in solar power We also know how to build high speed real train and all those are in the bar So the bar can very much also be green. I would just leave like that. Yeah, great come and join us