 You know, so the biggest problem everyone to doing this on zoom is that if this were not on zoom and you're not an undergraduate you'd have cold beer this evening in the open house, but that will have to wait for another day. My name is Jeff ball and I'm at the Steyer Taylor Center and I'll just be really brief I'll try to do this in less than two minutes. My background actually is as a journalist. I came to Stanford nearly 10 years ago after having spent a bunch of years writing for a newspaper about about climate change as a business issue about the movement of money around the world and the extent to which that movement of money was affecting corporations and industries and geopolitics, and at the end of the day the environment. So that's what's most interesting to me is is is looking at how money is moving. And what that means for kind of who's winning and losing in the economy, and what that means ultimately for the relationship among nations and for the climate on the work I'm doing here has almost exclusively to do with China, and more specifically has to do with the investment in infrastructure. So, I've taught a class that that is called at the law school policy lab. And that's been for the last two quarters. For the next quarter, I'll be working on this research with a number of students as independent research. So there won't be a class but if this is really interesting to you can let me know. And the research has as its goal really two things in 30 seconds one is the creation of an amalgamated data tool that allows us to compare the carbon intensity of the infrastructure that various Chinese entities are financing in emerging economies around the world with the carbon intensity that non Chinese entities are financing around the world and there's a lot to dissect in that. But suffice it to say that we're pretty convinced that this is a pretty new area of a new way to look at this work that data thus far hasn't been able to look at this stuff in this way. And at the end of the day, the extent to which in infrastructure that's being invested in emerging economies around the world is dirty or clean will do more than almost anything else to determine the trajectory of climate change. And then what we're doing based on that data is a whole robust series of pieces of writing about mapping the relationships in those flows among companies and among countries to determine whether any of this is enough to move the needle on climate. I'm done. Hi everyone. I am my name is Esther Choi and I am a research fellow at SFI working on blended finance. For those of you who are not familiar with the term that blended finance is a strategic use of public and philanthropic capital to catalyze additional private investments. In SFI last year, I came and coming from the Green Climate Fund, which is an operating entity of the financial mechanism of the NFCCC so happy to talk about that experience as well. Today I'll be highlighting some of the follow up research that I'm doing after the scoping paper that we published on blended finance, which is available on the SFI websites. Proposes possible research agenda on the finance that includes first of matchmaking platforms that connect different stakeholders to accelerate the deal sourcing and project financing processes for kind of projects in developing countries. And second, like Tom said earlier, in that country case studies that can complement the currently largely top down globally situated landscape analysis. So I'll be highlighting these two projects in the breakout session and hope to see some of you there. I'm kind of like a browsing through who's joining us and then you know I see a lot of you know familiar faces from the seminar session of finance and investment seminar that I'm leading this quarter and also last quarter so hi everyone. It's a little weird, you know, waving my hand to empty space. But for those of you who are not familiar with me. My name is so young and I am leading financial innovation studies at SFI, and I'm, I'm also a research director of social finance at Stanford global project center. And my background is a development banker. I was actually in the field sourcing develop deploying investment capitals to companies and infrastructure projects around the world. And also I've been working with a lot of you know development agencies, you know, to, you know, launch non financial supports, most of times, it's policy and regulations and etc. And then my background, you know, academic background is also very diverse, you know, econ, public policy engineering, maybe next is my MD degree or something. But, you know, the reason that I'm telling you about this background is, you know, like, in order to understand this in a source of investment, you have to have, you know, this, you know, diverse background and all those information and that are very relevant to address this issue and you know, like contributing to the transition to low carbon economy. So what I provide through my research is I discover what is sustainable finance and why it matters, you know, to whom and when it gets matters, mostly, and how can investors and business leaders can approach it. So what source is available for them to do so, or what else is what what else is should be available, but not available today. So this is something that I explore in my research. During my breakout session, I want to touch briefly upon, you know, those three research pillar that I set for my own research. One is, you know, as a like very traditional like banker or business managers and so on, you know, what are the the risk and return opportunities of, you know, like considering those environmental or ESG factors. And then the second is, you know, how then you as a company or you as an SM major should innovate your, you know, business as a usual kind of models to, you know, to really, you know, align your future trajectory to a low carbon economy. And the third one is, you know, like those advanced data technology, you know, how can we leverage that to better, you know, better manage your climate risks or, you know, like those ESG integration, which I'm going to talk more detail in the breakout session. So those are, you know, brief highlight of my research. And as I mentioned, this topics are also being covered, not only by my research, but all of our research fellow and also some, you know, like a leading scholars around the globe is coming to our weekly seminar series, which is CE 257 or 157. It's given every year, every fall. And we also provide a monthly seminar when it's not, when it's off season, which is winter and spring. So if you're interested in, you know, like, in this topic, any of this topic, please join us anytime. Hi, I'm Mark. I have been with the Steyer-Taylor Center the shortest period of time with anyone. I'm, I think, four months into this. My background is, I've spent about 25 years in the institutional asset management world. Recently, I've done a, I sort of operated the overlap of hedge fund investing, private equity investing in insurance companies. I am doing work on my researches on how institutional investors should think about integrating risks of climate change into portfolio management and portfolio construction. The areas in which I'm working are around, sort of, call it public equity portfolio management and portfolio construction strategies and risk management. Some, some work in how to think about integrating longer term insurance risks related to climate change into decision making by investors and insurance companies, and then thinking about the some complicated issues around illiquid investment decision making with difficult time horizon problems. So that's sort of an application of options pricing theory to private equity investing around, you know, very large unknown risks in the future. And climate change is an important one of those. So I will not use my entire two minutes to allow this to go forward. There we go. Hello, David Rajan. I'm also a fellow at SFI, I, and a principal at Rocky Mountain Institute. My focus is largely on transition finance and policy. And I suppose the best way to put it is, if you're interested in the question of why it is that clean energy is so cheap. And still fossil fuel is being burned in plants across the globe. I want to know why that's still happening and why the transition isn't happening and what can be done about it. That's what I work on working on basically practical mechanisms that can be deployed policy finance regulatory mechanisms that can hasten that transition across the globe. And examples of this include a tool called securitization, which is helping to facilitate the transition of coal plants and other fossil infrastructure across the US today and is helping do that in a way that reduces customer costs and addresses just transition challenges associated with the communities that are negatively impacted. And we're trying to think about what's working, what's not, and what can be generalized about the experience in the US and the transition to the rest of the globe. And happy to talk more about all of that. Hi everyone. My name is Girish. I'm a fellow at SFI. I, before this I was also a fellow at the Star IntelliCenter. I'm similar to Alicia. I'm a Stanford alum. I did my PhD in 2007. And just before coming to Stanford, I was at this think tank that Tom had founded, Tom Heller had founded called Climate Policy Initiative that I worked with today. In the recent past, my work has mostly been on energy policy and finance, while being focused on India. I worked on policy for India's renewable targets, electric vehicle targets, and as well as battery targets. I also worked on financial instruments for catalyzing flow of private capital. And more recently, I ended up working on something that overlaps with today's work, which is a retirement of coal plants. And that's connects with what is going to be the focus of my work for the next year and hopefully we can talk more about it in the breakout rooms. So the idea of transition finance. And there are two connected projects. One is a project on framework for transition bonds. And the basic idea there is in this framework is to not only provide differentiated signaling to investors on grades of transition finance. But also make sure that the so called greenwashing doesn't happen, which is connected to what so young is also working on. So as we're talking about this whole issue of transition finance and grades of transition finance. Then the issue is how do you define these grades and this is very, very intimately connected to what we call transition pathways to stated climate targets. So then it becomes very, very key that we're able to not only create targets for for entities on these climate pathways or the transition pathways but also measure progress towards those commitments. And one way to do this to define these transition pathways is through emission profiles over time, which is mostly carbon emission profiles. And this is where the second project comes in for the next year, which is to develop a framework of scope three emissions, which has to do with emissions throughout the supply chains for business entities and that has proved to be a very horny horny problem. And, and the idea is to kind of hopefully crack it a little bit. I'll stop here and hopefully I can answer more questions in the breakout rooms.