 Good morning. I'm absolutely delighted to be here and after Clare's very sobering presentation I'm going to try and show a route map perhaps, a path out of this, a way that we can get to the sort of change that we need to achieve and you know for me I think it's absolutely amazing that climate change has absolutely muscled its way back onto the political agenda with the sheer grit and determination of activists, of campaigners and of a generation of young people that have demanded that their voices be heard and it's amazing that the Green New Deal, an idea that came from organisations including the New Economics Foundation a decade ago has emerged as a key demand in response to the climate emergency. The idea is simple, an unprecedented mobilisation of resources of the type we have never achieved in peacetime to decarbonise the economy at pace while creating hundreds of thousands of good jobs and lifting living standards. At its heart is a recognition that climate change and the wider threat to our environment is a symptom of an economic system that is broken. The same economic system that is failing millions of people across the world and so to tackle climate change we got to transform the economy and we got to do this in a way that works for the majority of people. And this means an end to incremental changes to the status quo and tinkering around the margins and the time for quite fundamental and I dare I say radical change in the way that we do things in the way that our economy works. Now some people and they say this to me often will say look this is pie in the sky thinking it will never happen and we say the conditions for such change are already taking root and this is being driven by the scale of the environmental crisis that we face but also of the economic breakdown that we're seeing. So we all know we're in a climate emergency if you were any doubt I think Claire has made it patently obvious. We've been told by the experts that we have little over a decade to take drastic actions to mitigate the worst impacts of climate change and even that might be too little too late. But it's not just the threat of climate change. It's the fact that we are depleting the earth's natural resources at one and a half times its ability to regenerate. It's the fact that the UN have warned that we are facing and seeing a decline in nature declining globally a rate that we haven't achieved and seen in human history. It's the fact that you know at the rate that we're degrading top soil we may only have 60 harvests left. This is scary stuff which I think is often put in the too difficult to think about box but we're going to be shaken out of our environmental complacency whether we're ready or not as this begins to bite on people's day to day lives in a visceral way that will demand change and it is already happening. And we're already seeing the shift in public opinion with climate change now one of the top issues for voters. But this environmental tipping point is coming at the same time as we are seeing a breakdown in the way our economy works. And at the heart of this is the fact that the economy is no longer benefiting the majority of people. So over the last decade since the global financial crisis we have seen growth in this country but this growth hasn't benefited huge swathes of our society. We've had a decade of wage stagnation the longest period of earning stagnation we've had for about 150 years hitting those on low to middle incomes the hardest. People are being squeezed as the cost of essential things they rely on their housing their transport their energy their water their food goes up. So today living standards on average in this country are lower than they were a decade ago in 2008. We have won in three of our children in this country living in poverty despite the fact that 70% come from households that are working. We're seeing rising inequality. So you know for me the real stat that kind of brings it home is the fact that 10% of households now own 48% of this country's wealth. Whereas the bottom 50% huge swathes of our population own 9% of this wealth. Now look my take on this sort of inequality is that it is endemic in the current economic model. But people were sort of willing to suck it up as long as they were doing incrementally better from the system as soon as this breaks down in the way that I believe that we have seen over the last 10 years. I think the public's tolerance for this sort of inequality hits a buffer in a way that begins to call into question the very model. So the environmental and the economic are coming together in quite a profound way that will force us to think about the nature of our economy to think about who it works for and in whose interest it works. Opening up public appetite and consent for quite radical change I believe of the sort that we're talking about through a Green New Deal. But to be transformative, to reach and meet the scale of the challenge that confronts us, a Green New Deal has got to be ambitious. Which stretching targets for meeting net zero much much sooner than 2050 and with much of the heavy lifting being done over the next decade. Businesses in the private sector will have an absolutely critical role in achieving this and already many are trying to make positive moves in this direction. The pace and the scale of the transition won't happen without enterprise, without innovation from businesses to make the technological leaps that we need to. It won't happen without businesses thinking about how they can become zero in their carbon operation. But this is going to have to be supported by government regulation and by incentives. Legally binding targets to get to net zero over the next decade, the phasing out of fossil fuel subsidies and actively replacing them with subsidies to enable businesses to green their operation. Adducting energy efficiency measures, moving to 100% renewable energy use, thinking about ways in which you offset your carbon footprint and using the procurement power that you have to incentivise green practices across your supply chain. We already have examples that are often banded about where we know this is happening. So whether it's IKEA who are building 700,000 solar panels to power each of their operations or Patagonia, which is often cited, who are using reuse and thinking about how they build reuse into their business model. By encouraging their customers to think about repair and reconditioning rather than replacing old items. And offering a service in order to do this. But also thinking about how they use products such as natural rubber or bottles in the production of their goods. Increasingly, I think this is going to become a mark of what it means to be the best of a business. The mark of what it means to be good business and increasingly we as consumers are going to be demanding this from the market. There's also a really critical role I think in all of this for finance in order to direct finance towards sustainable activities. And here central banks will have to step up and again have to play a critical role to use credit guidance in order to create caps on the amount of investment that can go into dirty brown activities and incentivise and push through cointures investment going into green activities. But we are clear that on its own this is just not going to be enough. We won't achieve the pace and the scale of change that we need to without large scale investment in green infrastructure, in technology and the skills that we're going to need to transition. And actually when interest rates are so low this is absolutely the time to invest, this is absolutely the time to be doing this. So we want to see our next government commit to 2% of GDP, we spend this on defence, we should be spending this on the climate emergency in the next budget to delivering a green new deal. Ramping up to 5% over the course of the next year. People who say we just can't afford this, my argument is that we cannot afford not to do this. If the science is right the more global temperatures rise the more chaos in the system, more devastating hurricanes, record droughts, extreme floods, the coastline disappearing, food scarcity from loss of crop yield, all driving climate related poverty at a scale that we cannot even imagine. The cost not just in pounds but in human suffering we absolutely cannot afford and that completely outstrips the cost of a green new deal. So the choice before us is whether we take deliberate concerted action now to achieve the pace and the scale of change that we need to or we sleep, walk into a crisis and we throw money at the problem when it will be far too late. And when viewed like this a green new deal becomes a no brainer. But the government must then focus this resource and this support on places. And this means implementing bold industrial transformation plans in places in which you put local people and businesses at the heart who understand their place, they understand their local economy in order to drive a just green transition. So for us a green new deal has got to come with radical devolution of power and resources down to a level where you can affect change. So devolution of green taxes or property taxes combined with devolve funding and powers over things like education, skills, employment support, energy, housing, planning, the things that we need in order to knit together a fair transition. Finally, in return for consenting to the scale of change that must come there has to be a good deal for the public. So through this investment program we can create better jobs to replace the ones that will go that must go if we are to transition away from fossil fuels. And the green economy that emerges must be owned by people and it must work in their interest. So this means collective ownership of green infrastructure and assets we invest in from renewable energies to public transport to fleets of electric cars. It means more cooperative ways of organising new industries that will spring up from cooperative insulation companies to cooperative energy providers. If we get this right and it is a big if, we could radically transform the economy so it works for people and planet. It is absolutely within our grasp but it won't happen unless the movement that is growing by the day continues to apply pressure for radical change. Bridging divides from left to right, from old to young, from consumers to producers, forcing our politics to confront the scale of the challenge we face and to step up. Thank you.