Hello and welcome to another episode of Accelerating Transition. I'm Karam Angon,

Global Head of Climate Strategy here at the firm.

In our previous episodes, we've taken a close look at how the private sector is taking steps

necessary to address climate change.

But meeting the challenge of net zero is going to require the private sector, the public sector,

and partnerships between the two. To talk more about those partnerships and collaboration,

I'm very excited to be joined by my two guests today Ahmed Saeed, a vice president of operations in the Asian Development Bank, which has spurred investments in projects like mass transit, green buildings, and sustainable agriculture across Asia.

I'm also joined by my colleague John Greenwood, head of the decarbonization group in our investment

banking division, which works with companies and sovereigns to reach their net zero goals.

Amma and John, thanks so much for joining me today.

Thank you.

My pleasure.

Thanks, Kara.

So I'd like to start the conversation today by just giving a little bit of context around addressing climate and the role of emerging economies.

So just to level set for a second with a little bit of background.

If we're going to meet the climate goals that out in the Paris Agreement,

it's going to take a tremendous amount of investment.

Our research estimates that that will require about 120 trillion in investment by 2050.

So just a very significant magnitude.

Of that, about 120 trillion, 55% of those funds will need to be focused on Asian economies.

The good news is that we have seen momentum globally and sustainable finance in recent years

with investment in energy transition going from

...