4.9 • 654 Ratings
🗓️ 4 August 2023
⏱️ 45 minutes
🧾️ Download transcript
The Sunday times' tech correspondent Danny Fortson brings on Shaun Kingsbury to talk about the Green Investment Bank (3:40), whether he is optimistic (9:15), taking on harder-to-clean industries at Just Climate (13:30), teaming up with Al Gore (16:30), why he is not focussed on climate change adaptation (24:00), trying to create the Tesla of green finance (29:30), what he wants to crack (32:00), why carbon removal is hard (35:30), and the importance of the IRA (39:30).
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0:00.0 | Yo! |
0:01.0 | Technology. |
0:02.0 | What is it all about? |
0:04.0 | When you take all the challenges over the last 20 years of this thing going into and out of fashion in one sense, |
0:10.0 | to find the largest two trading box competing with each other, to attract those companies, |
0:15.0 | and to scale up this green industrial revolution. |
0:19.0 | It's an amazing thing. |
0:36.8 | Hello and welcome to Danny in the Valley. We are here for your last installment before our summer break. |
0:42.2 | On the show this week, we have Sean Kingsbury. |
0:46.4 | Now, for climate tech nerds, you will know him as the former CEO of the Green Investment Bank, which was started more than a decade ago. |
0:54.4 | It was a really interesting idea when it was started, started by the government in Britain, |
0:59.0 | to really fast forward the green transition by funding projects. |
1:02.6 | Others wouldn't. |
1:03.3 | Others in kind of the private markets just wouldn't touch because they're too risky. |
1:06.5 | They're too expensive. |
1:07.2 | They're too hard. |
1:08.5 | And the result was that the bank catalyzed a huge wave of an |
1:12.1 | investment and really catapulted Britain to really the forefront of cleaning up their energy |
1:17.9 | infrastructure. And that has continued. The green investment bank made very good returns. |
1:22.9 | And it was sold to Macquarie, big Australian investment bank and infrastructure investors. |
1:27.5 | So it was just a big success all around that people have since tried to imitate. |
1:33.5 | And after that, Kingsbury was, you know, looking around trying to figure out what to do next. |
... |
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