 To date, efforts to address climate change have focused on technology, policy, and behavioral shifts. It has to be a combination of business, of finance, dealing with the risks, and the capital needs of building out a new infrastructure. The Sustainable Finance Initiative is going to bring new horsepower to the table. Drawing on Stanford's expertise in business, law, economics, and artificial intelligence, our goal is to accelerate the transition to a decarbonized global economy across four focus areas. The first will look at strategic innovations in business and finance. The second will look beyond carbon pricing to risk management as a means for repricing assets. The third will consider ways to manage the liabilities associated with stranded assets. And finally, we'll look for innovative ways to transform and integrate legacy systems across energy, agriculture, and mobility. The initiative is about problem-solving. It's one thing to close down coal plants in the United States. It's quite different to try and do so in Asia, where the financing that the state has put into those plants is still very young. It's about how we redesign cities and build automated and shared transportation systems to fit the new world that is more sustainable. The Sustainable Finance Initiative is equipped to design localized solutions and train the next generation of leaders to succeed and to build a prosperous and sustainable future.