yes I’m gonna give a cheerful talk about the world’s most serious problems
the world’s most serious problems
the world’s most serious problems because I believe that we can see our
because I believe that we can see our
because I believe that we can see our way to thinking of them of them as
way to thinking of them of them as
way to thinking of them of them as solvable and then solved but first a
solvable and then solved but first a
solvable and then solved but first a picture of a pelican I live on the San
picture of a pelican I live on the San
picture of a pelican I live on the San Francisco Bay I don’t mean that as a
Francisco Bay I don’t mean that as a
Francisco Bay I don’t mean that as a metaphor I read them floating home in
metaphor I read them floating home in
metaphor I read them floating home in the San Francisco Bay
the San Francisco Bay
the San Francisco Bay so pelicans will quite literally fly by
so pelicans will quite literally fly by
so pelicans will quite literally fly by the back door and so on a recent evening
the back door and so on a recent evening
the back door and so on a recent evening folks are over for dinner
folks are over for dinner
folks are over for dinner I find myself with on one side of me one
I find myself with on one side of me one
I find myself with on one side of me one of those guys who believes that climate
of those guys who believes that climate
of those guys who believes that climate change is not real because it offends
change is not real because it offends
change is not real because it offends his deeply held political persuasions or
his deeply held political persuasions or
his deeply held political persuasions or something and on and on the other side
something and on and on the other side
something and on and on the other side one of those other people who is
one of those other people who is
one of those other people who is paralyzed with fear with the imminence
paralyzed with fear with the imminence
paralyzed with fear with the imminence of climate change neither of those
of climate change neither of those
of climate change neither of those attitudes is actually very helpful we
attitudes is actually very helpful we
attitudes is actually very helpful we have to get to a point where we actually
have to get to a point where we actually
have to get to a point where we actually understand that we can put our arms
understand that we can put our arms
understand that we can put our arms around these great challenges and get
around these great challenges and get
around these great challenges and get them solved and so we’re going to be
them solved and so we’re going to be
them solved and so we’re going to be taking a quick look at how we can think
taking a quick look at how we can think
taking a quick look at how we can think of these as business model challenges
of these as business model challenges
of these as business model challenges and think of getting them to the point
and think of getting them to the point
and think of getting them to the point where although these problems are vast
where although these problems are vast
where although these problems are vast they are solvable well here’s a list of
they are solvable well here’s a list of
they are solvable well here’s a list of these vast problems and yes the internet
these vast problems and yes the internet
these vast problems and yes the internet is on the list along with water and
is on the list along with water and
is on the list along with water and power reversing climate change not just
power reversing climate change not just
power reversing climate change not just ending it reversing it food for 10 or
ending it reversing it food for 10 or
ending it reversing it food for 10 or maybe 11 billion people without
maybe 11 billion people without
maybe 11 billion people without destroying the planet unfill thiing our
destroying the planet unfill thiing our
destroying the planet unfill thiing our oceans trees you could add to the list
oceans trees you could add to the list
oceans trees you could add to the list there are almost certainly other things
there are almost certainly other things
there are almost certainly other things that belong on those we do face vast
that belong on those we do face vast
that belong on those we do face vast problems at global scale we do not have
problems at global scale we do not have
problems at global scale we do not have the ability to put in place a cord
the ability to put in place a cord
the ability to put in place a cord a global solution and yet we’re going to
a global solution and yet we’re going to
a global solution and yet we’re going to get these things done yeah it’s an old
get these things done yeah it’s an old
get these things done yeah it’s an old saying it’s attributed to Mark Twain but
saying it’s attributed to Mark Twain but
saying it’s attributed to Mark Twain but it was actually his pal Charles Warner
it was actually his pal Charles Warner
it was actually his pal Charles Warner everybody talks about the weather but
everybody talks about the weather but
everybody talks about the weather but nobody does anything about it but take
nobody does anything about it but take
nobody does anything about it but take out the word weather and put in climate
out the word weather and put in climate
out the word weather and put in climate or oceans and we now have the
or oceans and we now have the
or oceans and we now have the responsibility actually the opportunity
responsibility actually the opportunity
responsibility actually the opportunity the exciting challenge to take on these
the exciting challenge to take on these
the exciting challenge to take on these fantastic things and we will I do
fantastic things and we will I do
fantastic things and we will I do believe that we are going to solve them
believe that we are going to solve them
believe that we are going to solve them but we’re not going to solve them by
but we’re not going to solve them by
but we’re not going to solve them by just worrying about them and I you think
just worrying about them and I you think
just worrying about them and I you think of this in part because of an important
of this in part because of an important
of this in part because of an important lesson from history you’ll all know that
lesson from history you’ll all know that
lesson from history you’ll all know that I’m going to be talking about Robert
I’m going to be talking about Robert
I’m going to be talking about Robert Malthus the British cleric who about two
Malthus the British cleric who about two
Malthus the British cleric who about two hundred and twenty years ago did the
hundred and twenty years ago did the
hundred and twenty years ago did the math actually he’s British on the maths
math actually he’s British on the maths
math actually he’s British on the maths and he was able to prove quite
and he was able to prove quite
and he was able to prove quite conclusively that we’re all going to
conclusively that we’re all going to
conclusively that we’re all going to starve to death and the reason was that
starve to death and the reason was that
starve to death and the reason was that population grows exponentially he
population grows exponentially he
population grows exponentially he actually says geometrically so by a
actually says geometrically so by a
actually says geometrically so by a certain percentage every decade also and
certain percentage every decade also and
certain percentage every decade also and that becomes this vast up rising curve
that becomes this vast up rising curve
that becomes this vast up rising curve whereas food output from farms he was
whereas food output from farms he was
whereas food output from farms he was able to show using the data available at
able to show using the data available at
able to show using the data available at the time was growing linearly
the time was growing linearly
the time was growing linearly he said arithmetic li by a certain
he said arithmetic li by a certain
he said arithmetic li by a certain amount every decade and sooner rather
amount every decade and sooner rather
amount every decade and sooner rather than the later of that curve outstrips
than the later of that curve outstrips
than the later of that curve outstrips that curve and this was the outcome that
that curve and this was the outcome that
that curve and this was the outcome that he foresaw the power of population is so
he foresaw the power of population is so
he foresaw the power of population is so superior to the power of the earth to
superior to the power of the earth to
superior to the power of the earth to provide subsistence for man the
provide subsistence for man the
provide subsistence for man the premature death must in some shape or
premature death must in some shape or
premature death must in some shape or rather visit the human race a couple of
rather visit the human race a couple of
rather visit the human race a couple of things about this first of all it’s
things about this first of all it’s
things about this first of all it’s really cheerful
really cheerful
really cheerful but also it has this very passive view
but also it has this very passive view
but also it has this very passive view this is gonna happen kind of sorry his
this is gonna happen kind of sorry his
this is gonna happen kind of sorry his idea for the solution was population
idea for the solution was population
idea for the solution was population control but also you can see within this
control but also you can see within this
control but also you can see within this the view that Earth exists to support
the view that Earth exists to support
the view that Earth exists to support man also not a helpful way of thinking
man also not a helpful way of thinking
man also not a helpful way of thinking about this so what did he get right the
about this so what did he get right the
about this so what did he get right the exponential growth part he kind of got
exponential growth part he kind of got
exponential growth part he kind of got right at the time that Robert Malthus
right at the time that Robert Malthus
right at the time that Robert Malthus was alive there were 1 billion people on
was alive there were 1 billion people on
was alive there were 1 billion people on earth today at 7.6 also and by the end
earth today at 7.6 also and by the end
earth today at 7.6 also and by the end of the century maybe 10 or 11 so we can
of the century maybe 10 or 11 so we can
of the century maybe 10 or 11 so we can give him a passing grade on the
give him a passing grade on the
give him a passing grade on the exponential growth of population but
exponential growth of population but
exponential growth of population but hunger in fact a lower percentage of the
hunger in fact a lower percentage of the
hunger in fact a lower percentage of the population is hungry today than at any
population is hungry today than at any
population is hungry today than at any time in human history certainly far
time in human history certainly far
time in human history certainly far lower than then of course way too many
lower than then of course way too many
lower than then of course way too many people really are hungry so what did he
people really are hungry so what did he
people really are hungry so what did he miss typically the people when you ask
miss typically the people when you ask
miss typically the people when you ask people that question they come up with a
people that question they come up with a
people that question they come up with a shopping basket full of answers
shopping basket full of answers
shopping basket full of answers synthetic chemicals gave us fertilizers
synthetic chemicals gave us fertilizers
synthetic chemicals gave us fertilizers they gave us herbicides and pesticides
they gave us herbicides and pesticides
they gave us herbicides and pesticides we’ve had hybridized seeds and GMO
we’ve had hybridized seeds and GMO
we’ve had hybridized seeds and GMO organisms and tractors refrigeration is
organisms and tractors refrigeration is
organisms and tractors refrigeration is really important and on the business
really important and on the business
really important and on the business side
side
side similarly things but one worth paying
similarly things but one worth paying
similarly things but one worth paying attention to crop futures an invention
attention to crop futures an invention
attention to crop futures an invention from the Chicago Board of Trade in the
from the Chicago Board of Trade in the
from the Chicago Board of Trade in the 1870s which meant that a farmer could be
1870s which meant that a farmer could be
1870s which meant that a farmer could be paid in October for a crop to be
paid in October for a crop to be
paid in October for a crop to be delivered the next August that just
delivered the next August that just
delivered the next August that just didn’t mean that the farmer and his for
didn’t mean that the farmer and his for
didn’t mean that the farmer and his for her family could eat and sleep during a
her family could eat and sleep during a
her family could eat and sleep during a long cold winter it D risked farming and
long cold winter it D risked farming and
long cold winter it D risked farming and once farming was dearest’ banking got
once farming was dearest’ banking got
once farming was dearest’ banking got involved and once banking was involved
involved and once banking was involved
involved and once banking was involved agriculture became huge the business
agriculture became huge the business
agriculture became huge the business thinking then really led the emergence
thinking then really led the emergence
thinking then really led the emergence of large-scale agriculture that’s a
of large-scale agriculture that’s a
of large-scale agriculture that’s a lesson we need to carry forward but the
lesson we need to carry forward but the
lesson we need to carry forward but the shopping basket approach to thinking
shopping basket approach to thinking
shopping basket approach to thinking about what Malthus missed isn’t enough
about what Malthus missed isn’t enough
about what Malthus missed isn’t enough what did he really miss he missed the
what did he really miss he missed the
what did he really miss he missed the power of human innovation
power of human innovation
power of human innovation he missed ingenuity and most of that
he missed ingenuity and most of that
he missed ingenuity and most of that innovation in ingenuity was not there
innovation in ingenuity was not there
innovation in ingenuity was not there thinking about the poor people in front
thinking about the poor people in front
thinking about the poor people in front of us who are about to be hungry almost
of us who are about to be hungry almost
of us who are about to be hungry almost all of it and there are a couple of key
all of it and there are a couple of key
all of it and there are a couple of key exceptions was there looking for growth
exceptions was there looking for growth
exceptions was there looking for growth and prosperity and bounty and that I’m
and prosperity and bounty and that I’m
and prosperity and bounty and that I’m going to argue is the way we must think
going to argue is the way we must think
going to argue is the way we must think about climate change and all the rest of
about climate change and all the rest of
about climate change and all the rest of those things we have the power as
those things we have the power as
those things we have the power as humanity to design for our descendants a
humanity to design for our descendants a
humanity to design for our descendants a better earth and that’s the goal that we
better earth and that’s the goal that we
better earth and that’s the goal that we should be achieving so the solutions
should be achieving so the solutions
should be achieving so the solutions start to look like well we’ve got these
start to look like well we’ve got these
start to look like well we’ve got these ingredients yes human behavior yes
ingredients yes human behavior yes
ingredients yes human behavior yes policies but the business models for
policies but the business models for
policies but the business models for doing important new things with
doing important new things with
doing important new things with important new technologies I’m not going
important new technologies I’m not going
important new technologies I’m not going to read these at all but there is one
to read these at all but there is one
to read these at all but there is one everybody knows that solar power has now
everybody knows that solar power has now
everybody knows that solar power has now emerged as the best way to power the
emerged as the best way to power the
emerged as the best way to power the earth the marginal cost for solar power
earth the marginal cost for solar power
earth the marginal cost for solar power may actually reaches zero it is already
may actually reaches zero it is already
may actually reaches zero it is already at a point where it is typically lower
at a point where it is typically lower
at a point where it is typically lower cost than fossil fuel none of which
cost than fossil fuel none of which
cost than fossil fuel none of which would have been possible without the
would have been possible without the
would have been possible without the invention of a guy called Giga Shah who
invention of a guy called Giga Shah who
invention of a guy called Giga Shah who a decade or so created something really
a decade or so created something really
a decade or so created something really boring called the power purchase
boring called the power purchase
boring called the power purchase agreement it turns out a lot of people
agreement it turns out a lot of people
agreement it turns out a lot of people once solar power not only because it’s
once solar power not only because it’s
once solar power not only because it’s green because once it’s on your roof you
green because once it’s on your roof you
green because once it’s on your roof you have you know the cost of power for the
have you know the cost of power for the
have you know the cost of power for the next 20 years
next 20 years
next 20 years but neither businesses nor homes wanted
but neither businesses nor homes wanted
but neither businesses nor homes wanted to pay out the tens of thousands of
to pay out the tens of thousands of
to pay out the tens of thousands of dollars to do it Jigga Shah realized
dollars to do it Jigga Shah realized
dollars to do it Jigga Shah realized that this was an opportunity for a
that this was an opportunity for a
that this was an opportunity for a banking innovation that banking
banking innovation that banking
banking innovation that banking innovation meant people could put solar
innovation meant people could put solar
innovation meant people could put solar on their roofs or their company’s roofs
on their roofs or their company’s roofs
on their roofs or their company’s roofs with no capital cost upfront that
with no capital cost upfront that
with no capital cost upfront that de-risked it the banks got involved and
de-risked it the banks got involved and
de-risked it the banks got involved and now Solar has basically it is taking
now Solar has basically it is taking
now Solar has basically it is taking over and that’s where we get to in
over and that’s where we get to in
over and that’s where we get to in thinking about the business models for
thinking about the business models for
thinking about the business models for building the better
building the better
building the better that we want a really big number 100
that we want a really big number 100
that we want a really big number 100 trillion dollars the first context for
trillion dollars the first context for
trillion dollars the first context for thinking about the number 100 trillion
thinking about the number 100 trillion
thinking about the number 100 trillion dollars is that this is the total
dollars is that this is the total
dollars is that this is the total economic output of the world you take
economic output of the world you take
economic output of the world you take all of the gross domestic products of
all of the gross domestic products of
all of the gross domestic products of every country put them in a pile and
every country put them in a pile and
every country put them in a pile and it’s a hundred trillion dollars another
it’s a hundred trillion dollars another
it’s a hundred trillion dollars another context for thinking about the number a
context for thinking about the number a
context for thinking about the number a hundred trillion dollars is this it is
hundred trillion dollars is this it is
hundred trillion dollars is this it is the current estimate for the total cost
the current estimate for the total cost
the current estimate for the total cost to completely stop using fossil fuels
to completely stop using fossil fuels
to completely stop using fossil fuels now that means we can’t afford to do it
now that means we can’t afford to do it
now that means we can’t afford to do it in a year the good news is we don’t have
in a year the good news is we don’t have
in a year the good news is we don’t have either technologies or the business and
either technologies or the business and
either technologies or the business and we don’t need to do it in a year but if
we don’t need to do it in a year but if
we don’t need to do it in a year but if we were to try and do it in let’s say 20
we were to try and do it in let’s say 20
we were to try and do it in let’s say 20 years 25 years four trillion a year now
years 25 years four trillion a year now
years 25 years four trillion a year now four trillion a year is an interesting
four trillion a year is an interesting
four trillion a year is an interesting number not just because it’s smaller
number not just because it’s smaller
number not just because it’s smaller because it’s actually about the same
because it’s actually about the same
because it’s actually about the same amount of money that is spent every year
amount of money that is spent every year
amount of money that is spent every year subsidizing fossil fuels so I’m going to
subsidizing fossil fuels so I’m going to
subsidizing fossil fuels so I’m going to repeat that the amount that it will cost
repeat that the amount that it will cost
repeat that the amount that it will cost us to get rid of fossil fuels we’re
us to get rid of fossil fuels we’re
us to get rid of fossil fuels we’re already spending propping them up with
already spending propping them up with
already spending propping them up with the technologies and the business models
the technologies and the business models
the technologies and the business models to do that aren’t yet mature as they
to do that aren’t yet mature as they
to do that aren’t yet mature as they mature the non-fossil fuel solutions
mature the non-fossil fuel solutions
mature the non-fossil fuel solutions become broadly affordable as they become
become broadly affordable as they become
become broadly affordable as they become affordable they become profitable and as
affordable they become profitable and as
affordable they become profitable and as they become profitable they become
they become profitable they become
they become profitable they become inevitable and this is stuff that we can
inevitable and this is stuff that we can
inevitable and this is stuff that we can do in about 20 to 25 years elements of
do in about 20 to 25 years elements of
do in about 20 to 25 years elements of business models that we can put into the
business models that we can put into the
business models that we can put into the recipe include accounting investing
recipe include accounting investing
recipe include accounting investing trusting and employing accounting not
trusting and employing accounting not
trusting and employing accounting not everybody’s most exciting subject about
everybody’s most exciting subject about
everybody’s most exciting subject about 700 years ago I think starting in Venice
700 years ago I think starting in Venice
700 years ago I think starting in Venice or somewhere the double entry the double
or somewhere the double entry the double
or somewhere the double entry the double column form of accounting came into
column form of accounting came into
column form of accounting came into being and now dominates corporations and
being and now dominates corporations and
being and now dominates corporations and governments at one con for
governments at one con for
governments at one con for credit and one for debit and they have
credit and one for debit and they have
credit and one for debit and they have to balance but over the last 10 years
to balance but over the last 10 years
to balance but over the last 10 years accountants have realized it’s not
accountants have realized it’s not
accountants have realized it’s not enough because we’re pushing into
enough because we’re pushing into
enough because we’re pushing into unconsidered things the externalities as
unconsidered things the externalities as
unconsidered things the externalities as economists call them a whole set of
economists call them a whole set of
economists call them a whole set of other things including intellectual
other things including intellectual
other things including intellectual capital and what we’re considering here
capital and what we’re considering here
capital and what we’re considering here environmental and natural capital and if
environmental and natural capital and if
environmental and natural capital and if you don’t do this
you don’t do this
you don’t do this this is what you get now where I live in
this is what you get now where I live in
this is what you get now where I live in California the free plastic bag is a
California the free plastic bag is a
California the free plastic bag is a thing of the past we go to the
thing of the past we go to the
thing of the past we go to the supermarket you got your groceries paper
supermarket you got your groceries paper
supermarket you got your groceries paper bag plastic bag 25 cents the consequence
bag plastic bag 25 cents the consequence
bag plastic bag 25 cents the consequence of that over the last two years is that
of that over the last two years is that
of that over the last two years is that the number of plastic bags being picked
the number of plastic bags being picked
the number of plastic bags being picked up on california’s beaches has dropped
up on california’s beaches has dropped
up on california’s beaches has dropped by depends on which county that’s
by depends on which county that’s
by depends on which county that’s measured by county the least drop is
measured by county the least drop is
measured by county the least drop is ninety percent and the most significant
ninety percent and the most significant
ninety percent and the most significant one of the county’s went from several
one of the county’s went from several
one of the county’s went from several thousand in a beach cleanup exercise to
thousand in a beach cleanup exercise to
thousand in a beach cleanup exercise to 42 and this however is a resort in Bali
42 and this however is a resort in Bali
42 and this however is a resort in Bali Indonesia and in Bali Indonesia in in
Indonesia and in Bali Indonesia in in
Indonesia and in Bali Indonesia in in Indonesia
Indonesia
Indonesia plastic bags are not priced to include
plastic bags are not priced to include
plastic bags are not priced to include the price of picking them up so putting
the price of picking them up so putting
the price of picking them up so putting the external cost the full cost of
the external cost the full cost of
the external cost the full cost of things into the cost of a product has
things into the cost of a product has
things into the cost of a product has real beneficial outcomes as a result we
real beneficial outcomes as a result we
real beneficial outcomes as a result we must look to a future and we must all
must look to a future and we must all
must look to a future and we must all push for a future in which that full
push for a future in which that full
push for a future in which that full cost accounting happens and we must get
cost accounting happens and we must get
cost accounting happens and we must get states and governments to do that
states and governments to do that
states and governments to do that likewise next investing I mentioned how
likewise next investing I mentioned how
likewise next investing I mentioned how Jigga Shah and before that the crop
Jigga Shah and before that the crop
Jigga Shah and before that the crop futures enabled large-scale investing is
futures enabled large-scale investing is
futures enabled large-scale investing is that number again a hundred trillion
that number again a hundred trillion
that number again a hundred trillion dollars McKinsey estimates that over a
dollars McKinsey estimates that over a
dollars McKinsey estimates that over a hundred trillion dollars perhaps as much
hundred trillion dollars perhaps as much
hundred trillion dollars perhaps as much as a hundred and twenty is looking to
as a hundred and twenty is looking to
as a hundred and twenty is looking to put places into long-term enduring
put places into long-term enduring
put places into long-term enduring infrastructures
infrastructures
infrastructures so if we can actually create an
so if we can actually create an
so if we can actually create an infrastructure business that is about
infrastructure business that is about
infrastructure business that is about taking care of those externalities in
taking care of those externalities in
taking care of those externalities in cleaning up our earth then this is the
cleaning up our earth then this is the
cleaning up our earth then this is the amount of money that’s actually
amount of money that’s actually
amount of money that’s actually available what they need is long-dated
available what they need is long-dated
available what they need is long-dated capital these are sovereign funds their
capital these are sovereign funds their
capital these are sovereign funds their pension funds they have no interest in a
pension funds they have no interest in a
pension funds they have no interest in a sixth month gain on the stock market
sixth month gain on the stock market
sixth month gain on the stock market they want to put money into a project
they want to put money into a project
they want to put money into a project and it’s still their 20 or 50 years from
and it’s still their 20 or 50 years from
and it’s still their 20 or 50 years from now doing good work it has to be an
now doing good work it has to be an
now doing good work it has to be an essential infrastructure yes it has to
essential infrastructure yes it has to
essential infrastructure yes it has to provide good returns but essential
provide good returns but essential
provide good returns but essential infrastructure is what those guys want
infrastructure is what those guys want
infrastructure is what those guys want to invest in the money’s there the third
to invest in the money’s there the third
to invest in the money’s there the third thing is trust when you think about the
thing is trust when you think about the
thing is trust when you think about the kinds of characters that we have
kinds of characters that we have
kinds of characters that we have available to spend these sums of money
available to spend these sums of money
available to spend these sums of money and to do these important things and you
and to do these important things and you
and to do these important things and you put them up as a sort of list of species
put them up as a sort of list of species
put them up as a sort of list of species they start to look like oh I don’t know
they start to look like oh I don’t know
they start to look like oh I don’t know the list of criminals at the police
the list of criminals at the police
the list of criminals at the police station
station
station right we can’t natively trust any of
right we can’t natively trust any of
right we can’t natively trust any of them if only there were a technology
them if only there were a technology
them if only there were a technology that could enable us to actually build
that could enable us to actually build
that could enable us to actually build trust in if only and that’s the promise
trust in if only and that’s the promise
trust in if only and that’s the promise of blockchain which by taking the ledger
of blockchain which by taking the ledger
of blockchain which by taking the ledger instead of having a secret and
instead of having a secret and
instead of having a secret and controlled by one person or one entity
controlled by one person or one entity
controlled by one person or one entity spreading it out in multiple copies
spreading it out in multiple copies
spreading it out in multiple copies starts to create the basis of
starts to create the basis of
starts to create the basis of unimpeachable ledgers of records that
unimpeachable ledgers of records that
unimpeachable ledgers of records that are everywhere and no were at the same
are everywhere and no were at the same
are everywhere and no were at the same time smart contracts in which people get
time smart contracts in which people get
time smart contracts in which people get paid algorithmically upon executing upon
paid algorithmically upon executing upon
paid algorithmically upon executing upon doing what they said they were going to
doing what they said they were going to
doing what they said they were going to do now block chaining perfect is sort of
do now block chaining perfect is sort of
do now block chaining perfect is sort of at the pimply teenager stage of life but
at the pimply teenager stage of life but
at the pimply teenager stage of life but it seems to be headed in the right
it seems to be headed in the right
it seems to be headed in the right direction as putting the basis for
direction as putting the basis for
direction as putting the basis for executing trustworthy projects do
executing trustworthy projects do
executing trustworthy projects do risking projects no matter where they
risking projects no matter where they
risking projects no matter where they are and the last thing employing we’re
are and the last thing employing we’re
are and the last thing employing we’re all used to the idea than another sad
all used to the idea than another sad
all used to the idea than another sad story we have is the jobless future of
story we have is the jobless future of
story we have is the jobless future of course artificial intelligence and
course artificial intelligence and
course artificial intelligence and robots and software
robots and software
robots and software eating all jobs and the second problem
eating all jobs and the second problem
eating all jobs and the second problem of course is that jobs good jobs are
of course is that jobs good jobs are
of course is that jobs good jobs are being created in places like Boston and
being created in places like Boston and
being created in places like Boston and Northern California and Tel Aviv which
Northern California and Tel Aviv which
Northern California and Tel Aviv which is not where most people are most people
is not where most people are most people
is not where most people are most people are actually going to be in sub-saharan
are actually going to be in sub-saharan
are actually going to be in sub-saharan Africa and South Asia believe that I’m
Africa and South Asia believe that I’m
Africa and South Asia believe that I’m not sure
not sure
not sure consider the island of Borneo and this
consider the island of Borneo and this
consider the island of Borneo and this by the way is a really sad story I flew
by the way is a really sad story I flew
by the way is a really sad story I flew over Borneo about 20 years ago it’s the
over Borneo about 20 years ago it’s the
over Borneo about 20 years ago it’s the world’s third-largest islands it was
world’s third-largest islands it was
world’s third-largest islands it was trackless jungle with elephants and
trackless jungle with elephants and
trackless jungle with elephants and rhinos and orangutans and today it is
rhinos and orangutans and today it is
rhinos and orangutans and today it is depending on who’s count you believe
depending on who’s count you believe
depending on who’s count you believe between 60 and 80 percent clear-cut so
between 60 and 80 percent clear-cut so
between 60 and 80 percent clear-cut so as a result their forestry industry is
as a result their forestry industry is
as a result their forestry industry is dying and the tourist tree industry is
dying and the tourist tree industry is
dying and the tourist tree industry is dying and unemployment is rising but
dying and unemployment is rising but
dying and unemployment is rising but trees and forests are really important
trees and forests are really important
trees and forests are really important for carbon sequestration we’ve got the
for carbon sequestration we’ve got the
for carbon sequestration we’ve got the money to do that and software doesn’t
money to do that and software doesn’t
money to do that and software doesn’t plant trees so one can actually think
plant trees so one can actually think
plant trees so one can actually think about global renewal projects as not
about global renewal projects as not
about global renewal projects as not only important but actually having the
only important but actually having the
only important but actually having the potential to create hundreds of millions
potential to create hundreds of millions
potential to create hundreds of millions of jobs collectively we have cut down
of jobs collectively we have cut down
of jobs collectively we have cut down and not replaced several hundred billion
and not replaced several hundred billion
and not replaced several hundred billion trees and it’s going to take a lot of
trees and it’s going to take a lot of
trees and it’s going to take a lot of work to replace them and as we do that
work to replace them and as we do that
work to replace them and as we do that we not only put real people to real work
we not only put real people to real work
we not only put real people to real work but we actually create real value in
but we actually create real value in
but we actually create real value in local communities in real wealth so full
local communities in real wealth so full
local communities in real wealth so full accounting tens of trillions of dollars
accounting tens of trillions of dollars
accounting tens of trillions of dollars looking for good investment blockchain
looking for good investment blockchain
looking for good investment blockchain for trust and employment and of course a
for trust and employment and of course a
for trust and employment and of course a pelican I know I actually took this
pelican I know I actually took this
pelican I know I actually took this photograph myself two weeks ago it’s got
photograph myself two weeks ago it’s got
photograph myself two weeks ago it’s got a date stamp yeah and I want you to use
a date stamp yeah and I want you to use
a date stamp yeah and I want you to use this one as a bit of a metaphor in a
this one as a bit of a metaphor in a
this one as a bit of a metaphor in a different way in the background those
different way in the background those
different way in the background those white little stripy things those are the
white little stripy things those are the
white little stripy things those are the port of Auckland a big container port in
port of Auckland a big container port in
port of Auckland a big container port in Northern California and of course the
Northern California and of course the
Northern California and of course the pelican and that’s the image of the
pelican and that’s the image of the
pelican and that’s the image of the world that we need to design for our
world that we need to design for our
world that we need to design for our future one in which there is a balance
future one in which there is a balance
future one in which there is a balance between the business of bounty and the
between the business of bounty and the
between the business of bounty and the strange beauty
strange beauty
strange beauty nature because if we set that as our
nature because if we set that as our
nature because if we set that as our goal we will achieve it and the
goal we will achieve it and the
goal we will achieve it and the impossible problems will become possible
impossible problems will become possible
impossible problems will become possible thank you
thank you
thank you [Applause]
”
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