Climate Changemakers Rings the Nasdaq Stock Market Opening Bell

03:43And

05:38M.

07:51Good morning, everybody.

07:54How are we doing? H. Well, my name is S,

08:01and I'm the chief digital officer here at NADA,

08:04and it's my privilege to welcome you all to

08:06the special opening bell to kick off and celebrate Climate Week 2024.

08:11Thank you all for being here. Here at NASAC,

08:18we believe that the health of our economy

08:21is intrinsically tied to the health of our planet.

08:23We want to build a future where

08:25the capital markets are the single greatest tool to accelerate

08:29sustainable growth in all its forms from

08:32clean power to conservation and everything in between.

08:36We've got a big vision,

08:38and we know we cannot do it alone.

08:40And I think all of us in this room feel the same way.

08:43In this room is a powerful collective.

08:46You all are the inventors,

08:48the investors, the visionaries,

08:51the shape shifters, the ones really leading the charge out at the cutting edge.

08:56And that's why we convene this ecosystem every year for climate week,

09:00to recognize that we have a massive mission ahead of us,

09:03and to celebrate that,

09:05with this team, we can actually achieve it.

09:08I think that deserves a big round of applause.

09:17Today, I'm absolutely honored to welcome two incredible leaders to NASDAQ,

09:22both of who live and breathe what it means to build the future.

09:26Lureen Powell Jobs, founder and president of Emerson Collective,

09:30is a visionary entrepreneur who has pioneered new models for impact

09:34across so many issues that shape the health of our society from education to climate.

09:39And Tom Stier, co Executive chair of Galvanized Climate Solutions,

09:43who truly embodies what it means to be a climate champion.

09:46His tireless work across investment and advocacy has mobilized

09:50a new generation of optimists who are determined to meet our climate goals.

09:54Lureen, Tom, I think I speak for everyone in

09:57this room when I say that the work you do really inspires us.

10:01Thank you for your unwavering belief that we can make tomorrow much better than today.

10:06I'd also like to take a moment to thank our co hosts,

10:09New System Ventures and DCVC.

10:11They represent the deeply catalytic role that

10:13early stage investors can play in connecting the ecosystem,

10:17and we're honored to be their partner.

10:19Now without further ado,

10:21I'd love to welcome Lorraine and Tom to the stage for further remarks.

10:29Thank you. Good morning.

10:34As we all gather for climate week,

10:37it's an honor to be here at NASDAQ among such extraordinary entrepreneurs and innovators.

10:44You understand the power of American ingenuity to respond

10:49to grand challenges like our rapidly changing climate.

10:53At Emerson Collective, we believe that a robust marketplace of

10:58ideas allows solutions to emerge for problems that one seemed unsolvable.

11:03Believe that entrepreneurs are capable of doing big things.

11:09The deployment and development of new energy sources is

11:14central to this era of rapid transformation in the global economy.

11:18That's why we've invested in visionaries like Bob Mumgard,

11:22who's here today from Commonwealth Fusion systems,

11:25who is at the forefront of fusion and how we re imagine the power of our world.

11:31It's why we seek out the leadership of people like my friend Tom Steyer,

11:36the CEO of Galvanize who shrewdly invest in capital in endeavors that promote more just,

11:43sustainable, and livable planet.

11:46The businesses that will thrive in this century are the ones that seize

11:51this amazing generational opportunity to build and shape a healthier Earth.

11:57It's an honor to be here altogether to ring the opening bell.

12:02Let me introduce my friend Tom Steyer. To join us.

12:07All right, Thanks, Lauren.

12:14I always say that the best athletes are the people who make their teammates better,

12:19and if there's one person in the world who does that, it's Loreen Powell.

12:21Thank you for what you do. Thank you.

12:25Investors across the country see a huge opportunity in the energy transition,

12:30but New York is the financial capital of the world,

12:34and as such, it has a key role to play.

12:36Whereas Boston and Silicon Valley remains centers of technological innovation.

12:41New York is a critical force in the new clean energy economy.

12:45It's time for us all to get on the same page.

12:48The climate transition is past an inflection point.

12:52Clean is cheaper than dirty in basic energy markets,

12:56and the differential is only going to grow.

12:59Innovation, technology, and cost declines are inexorable.

13:05That means the incremental electricity change is renewable.

13:11Last year, over 85% of new electricity worldwide was renewable.

13:18Capitalism is working. And let's be clear.

13:21Investors want in. This isn't about good intentions.

13:25It's about profits.

13:27We're talking about trillions of dollars of investment per year,

13:31the transition isn't coming. It's here.

13:35At my firm galvanized climate solutions.

13:38We see the energy transition as a dominant industrial trend.

13:42On tied up with AI and the development of emerging markets.

13:46Climate change is a huge challenge.

13:48But it's also an even bigger opportunity.

13:52Solar, wind, EVs, heat pumps,

13:54they're all growing faster than people expected,

13:57and batteries are exploding.

14:00This is what capitalism does.

14:02It meets the needs of society,

14:05and it changes the world for the better.

14:07That's what we're here for today. Thank you, Lauren.

14:09Thanks, Tom.

16:09O