The Glasgow climate pact and climate finance Episode 31
Episode Summary
Dickon Pinner, co-leader of McKinsey Sustainability, joins the podcast again to chat with Steve about his experience at COP26 as well as the fallout from the negotiated Glasgow Climate Pact. They have a deep and wide-ranging conversation about climate finance, the role the private sector will need to play, net-zero commitments from finance institutions, the $100 billion international commitment, phasing out coal power, carbon markets and why Dickon believes we are living in a time that matters.
Episode Notes
In this episode, you’ll hear about:
- COP26 being the first COP to materially include the private sector — and why that matters.
- GFANZ..
- Addressing the fear of banks leading the charge against climate change
- The importance of focusing on small victories along the arc to net-zero.
- Climate change is now a boardroom-level, top-3 issue, regardless of industry.
- Carbon markets.
- Invest or divest to decarbonize?
Read: The Glasgow Climate Pact
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Guest Bio
Dickon Pinner is based in McKinsey’s San Francisco office, where he co-founded and leads McKinsey’s global work in clean technologies and serves as the global leader of the firm’s Sustainability Practice. Dickon helps companies address the resource-productivity challenges the world will face in terms of energy sources, transportation, food, land, water, and basic materials. He serves investors (venture capital, private equity, pension funds, sovereign-wealth funds), large energy and industrial incumbents (oil and gas companies, industrial original-equipment manufacturers, utilities, automotive original-equipment manufacturers), technology start-ups, and policy makers/influencers (government agencies, nongovernment organizations, regulators).
Dickon also helps clients who manufacture or use highly engineered products for companies in aerospace and defense, power generation, and oil and gas industries. Functionally, he focuses on increasing engineering productivity and transforming their product development systems, deploying techniques such as design to value, increased modularity, and increased automation. His experience extends to high tech as well; he previously was a leader in McKinsey’s Global Semiconductor Practice where he served many of the world’s leading semiconductor companies on strategy, capital productivity, and operational turnarounds.
He received a master’s in science in physics at the University of California, Berkeley, where he was a Fulbright scholar, as well as a Ph.D. in physics at Cambridge University. Dickon is a prolific author and frequent speaker at industry forums, including, most recently, at the Clean Tech Investor Summit.