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You're listening to the Decarbonisation Dialogue,

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a podcast from Salix. Welcome to the Decarbonisation

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Dialogue, delivering on climate change, our collective

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challenge. I am Hannah Walker, and I believe

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that the best way to communicate a message is

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by being passionate about what you are talking

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about. Through that passion, I believe you take

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people with you and create action using your

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influence to make change and make a difference.

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Our task today is to get all of us to net zero.

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Welcome to my guest today, and that's our very

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own Salix Chief Executive, Kevin Holland. Thank

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you very much for your time today. Kevin, can

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we start by talking a little bit about your career?

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You've gone from being a diplomat, having worked

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across the world, to working on post-Brexit

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trading arrangements for Invest Northern Ireland,

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to now tackling climate change. How did you get

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here, Kevin? Thank you, Hannah. Happy to talk

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about that. Well, listen, the first thing is

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I'm very happy with the place I'm at. I've got

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a fantastic role in a kind of fantastic company

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and we have a real chance to make a difference.

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How I've got here is really from doing three

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different things. Fundamentally, I'm a scientist.

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I'm a chemist by background. I like the science

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of chemistry. I like the creativity of chemistry.

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And a lot of my career has been based on data

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and using evidence to make decisions or to make

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recommendations. I had real pleasure bringing

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new products to market when I started in chemistry

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and really trying to make tangible things out

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of evidence and out of science. But then I've

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also had 10 years' experience running businesses.

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So if you create new innovations, then it's also

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very important that people are able to have access

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to them and to use them. So I spent a lot of

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time trying to run global businesses, particularly

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around healthcare, which is a very mission-driven

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business to be in, trying to improve the lives

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of people and patients around the world, and

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trying to help businesses improve the way that

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patients can access new drugs, new treatments.

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that people can lead better lives. But then after

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spending a lot of time in business, I realised

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that one is your primary funder is often the

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government. And if you really want to be successful,

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if you really want patients to have best access,

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you need to understand how governments think.

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So I thought the only way to really understand

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that is to go and join them. So I crossed over

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the other side from private sector to public

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and have spent a number of years in roles for

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the UK government, partly in China, looking at

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how to improve access to health care. and then

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partly in Northern Ireland looking at how can

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we improve the economy, provide people with jobs

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and kind of good places to work within the economy

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there. I recently joined Salix. I joined in last

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year in 2024 and I've been really impressed so

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far with the company and what it can do and the

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mission we have to help us save the planet. Thank

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you, because you talk a lot there about creativity,

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innovation and mission. You talked about health

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care and mission to get people the drugs that

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they need at the right time in the right place.

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So that vision and that mission. Tell me about

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your vision for Salix. So Salix has got a fantastic

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history and I think has got a very powerful future

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ahead. The history has been around for over 20

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years. During that time, it has made a significant

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difference to the levels of carbon dioxide across

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the UK and has improved buildings and homes for

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a number of people. It's done that by providing

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funding, actually, so grant funding and loan

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funding to help buildings change, to become more

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carbon neutral, to help reduce the usage of gas,

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to reduce the usage of oil, but also to run more

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cost effectively and to provide a better living

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and working environment. Going forward, the expertise

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and the experience that Salix has built will

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make a big difference to the UK as it tries to

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meet these almost impossible goals that we face

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going forward. And Salix, the vision I have for

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it, will be a major contributor to the future

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improvements of the buildings across the UK.

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We know there's a really big challenge to be

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done. Salix has built a fantastic team with expertise.

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technical experience and an ability to fund the

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right people, assess projects and help people

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make the right kind of decisions in their way

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forward towards the pathway to net zero. And

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I think there are many ways that the UK government

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will need to tackle climate change. Salix will

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be a part of it as part of Team UK for the UK

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government and the governments of the other devolved

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administrations in the United Kingdom. So we're

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talking a lot about, obviously, the UK, because,

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Salix, we do support government on reaching those

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net zero targets and those, as you say, very

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ambitious challenges. The UK, we account for

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about, I think, is it 1 % of emissions? But we

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are also looking at countries like China, America,

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India, huge amounts of carbon emissions. And

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your work, going back to your work as a diplomat,

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which is largely about... relationship building

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and how you kind of join it all up and bring

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people together. How do you think at Salix we're

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able to do that across the UK and across the

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public sector and housing? How can you join these

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key messages up? Well, I think leadership is

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really important when we're facing big challenges,

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big global challenges. And you can't change the

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world from kind of a small place, but you can

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do something within your scope and within your

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remit. And if a lot of people do that, then collectively

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you can have a massive impact. So I think the

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role that Salix can play is joining together

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with local authorities, with housing associations,

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with universities, with hospitals, with government

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funding bodies, with technical experts from the

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private sector, with consultants. to try and

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make some collective difference to what the UK

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can do. And I think it's really important to

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focus on what we can do more than worrying sometimes

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about what we can't. Because if you demonstrate

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that things can be better, then I think you can

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create a collective will to try and move things

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forward. Now, I know since you've been at Salix,

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you've been able to go out actually and see some

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of the work that we do for real. You've been

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going on to site visits, looking at projects,

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whether it's hospitals, schools. Do you get that

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feeling that everybody's working on that kind

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of whole of society approach when you go on sites?

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Do you get the feeling that everybody's working

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together and how that message is being? conveyed?

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So one is I love going out to see the impact

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of the work we do live real time with real people

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in houses where I've seen some houses with amazing

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conversion actually from simple old houses to

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beautiful moderate installations warm and comfortable

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or looking at what we've done in schools where

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drafty old schools where the kids would not want

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to be inside and study are having a fantastic

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time and the teachers are thrilled because they

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become a lot easier to teach. So it's really

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impactful to see things firsthand. I don't think

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that everyone is signed up to the agenda. I think

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this is very different, I think, to working in

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something like healthcare, where people have

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been aware of illness and disease for a very

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long time. The whole decarbonisation journey

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is a lot younger. But what I've seen real time

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is that I think we can develop passionate advocates

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for change. By meeting the people who've gone

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through these kind of journeys, where they've

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transformed their house or their building or

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the university they work in or the hospital they

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work in, and they see the benefits of decarbonisation

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at a personal level, and also hear about the

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benefits and the importance of decarbonisation

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at a global level. And I think we've taken people

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who perhaps didn't have any interest in it before.

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to be the champions that we will need in the

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future. I think working with schools is really

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fantastic actually because... You listen, parents

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listen to children. And actually, if you listen

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to some of the interviews I've seen with young

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children talking about what they want for their

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future and what their children will need, I think

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they can provide a very compelling push to the

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kind of older generations who have funding and

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authority to try and make the world a better

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place through decarbonisation. So do you think

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the projects that we work on and, for example,

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in schools and housing, Better insulation in

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there. We're installing heat pumps, looking at

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solar PV, all of those measures that are funded

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by government and through the schemes that we

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deliver. Do you think that that is enough or

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do you think that really is impacting the local

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community as well? As you say, schoolchildren

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in the schools that you visited are getting those

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heat pumps. They're now enjoying warmer classrooms.

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They don't have to wear their coats on during

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lessons. But do you think that they, how important

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is it that they then go out into the community

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and talk to their parents about switching, whether

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it's switching the lights off, whether it's energy

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conservation, whether it's recycling, sustainability?

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Are we just the start of that message then through

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our work? I mean, I think we're at the beginning

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of a journey which is going to be bumpy. is going

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to be fast and it's going to be really, really

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important. I think the more we can get advocates

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to come and join us, then the better and the

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more impactful it will be. We need to get the

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kind of young people engaged because I think

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it helps engage others. But we also need to look

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at all of the stakeholders involved and participate

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in increasing understanding, increasing trust

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by looking at the impact of things that have

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been done. and giving confidence in the things

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that are possible because i think there is it's

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an area where there may be preconceptions in

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some area that it's too difficult or too hard

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or too expensive So even when people start to

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realise the importance and the need of decarbonisation,

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they maybe don't always know where to go or what

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to do. And I think we can really help with that

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role. So there's some advocacy we can do, some

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technical expertise we can bring. We can certainly

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do experience sharing. You know, I think we've

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got a team of about 230 people, something like

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70 people who have studied experts in geography.

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We've got technical experts who understand aerosource

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heat pumps. we will be looking at what is the

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innovation and the technology of the future,

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because the pathway that we have to go on...

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is going to be long. It will be 5, 10, 15, 20

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years with different targets along the way. But

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during those times, technology will change. And

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as an organisation, we're making sure that we're

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at the cutting edge of understanding what those

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changes are, so we can advise people well for

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how they can address the kind of issues that

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they have. And that's a huge area of excitement,

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isn't it, about where the technology is going

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to go. And obviously, we've got AI there. And

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every day, our teams, as you say, are looking

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at projects trying to break new ground and be

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innovative in whether it's cutting carbon emissions,

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whether they're looking at geothermal heat pumps,

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ground source heat pumps. It's quite incredible,

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the work that is going on at the moment, as you

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say. So we've got a lot of targets, climate change

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targets. Climate change is on our news every

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day. The UK plans net zero by 2050. 80 % of local

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authorities in the UK have pledged net zero before

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2050. And Scotland's got tough targets, as has

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Wales. We're delivering our projects at great

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speed, I think, and under a huge amount of...

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kind of pressure ready. You really feel it in

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the public sector as schemes try and deliver

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to huge hospital projects and schools. Targets.

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Do the targets, Kevin, go far enough? Because

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we are seeing climate change on our news every

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day. People are being left homeless because of

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climate change and have been for a while. Are

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the targets enough? So I think targets are really

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important. They will move as we go through the

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journey. I think to start with, we have to set

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a kind of big, bold leap, a big goal that we're

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going to fix this. And collectively, I think

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we can fix this between government. private sector

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and public will. If we get those three elements

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right, I think there is a pathway forward. You

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add in a nice mix of science, then I think there

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is a way to do this. In terms of setting targets,

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you have to set targets, you also have to meet

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targets. So setting them and then not being able

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to describe a pathway that will get there is

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not really the way forward. We have to decide

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what a realistic... difficult but achievable

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target is in the near term map a pathway to get

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there identify the types of policies that are

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needed and the type of delivery mechanisms that

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are necessary to do that and then set the next

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milestone and the next milestone behind that

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so we need a big goal and a commitment to fix

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it but then some good milestones along the way

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But milestones without delivery plans are wishes,

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not pathways. And I think we need to make sure

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we do that. And how do you bring people? How

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do you think you bring people with you? Kevin,

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you're working, as I say, you've joined Salix

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not so long ago. You've been here for a few months.

00:14:17.179 --> 00:14:20.879
How are you going to take the team at Salix with

00:14:20.879 --> 00:14:23.860
you on targets? We face, my colleagues are on

00:14:23.860 --> 00:14:27.980
tight targets every day. So we have a fantastic

00:14:27.980 --> 00:14:32.379
team. The nicest thing walking into Salix as

00:14:32.379 --> 00:14:34.419
an organisation, whether our Manchester office

00:14:34.419 --> 00:14:37.539
or our London office or meeting teams that we

00:14:37.539 --> 00:14:40.120
have around the country, is we have a team of

00:14:40.120 --> 00:14:42.220
passionate believers that this is important.

00:14:42.960 --> 00:14:45.899
So I think we are a mission -driven company and

00:14:45.899 --> 00:14:48.899
the people who work here do so because they believe

00:14:48.899 --> 00:14:51.580
that the goals we're trying to achieve are right

00:14:51.580 --> 00:14:54.200
for them and their families and the other people

00:14:54.200 --> 00:14:56.539
around the world. So I don't think we have a

00:14:56.539 --> 00:14:58.799
challenge to try and motivate the team to do

00:14:58.799 --> 00:15:01.789
it. I think the challenge we have is laying out

00:15:01.789 --> 00:15:05.029
the pathway of what is the most effective way

00:15:05.029 --> 00:15:07.809
for Salix and the other organisations we work

00:15:07.809 --> 00:15:11.649
with, whether it's consultancies or DESNES, the

00:15:11.649 --> 00:15:14.110
department within the government, or the universities.

00:15:14.350 --> 00:15:17.590
I think it's the how to do it that's going to

00:15:17.590 --> 00:15:19.690
be important. And I think we have to recognise

00:15:19.690 --> 00:15:23.570
that there will be setbacks sometimes along the

00:15:23.570 --> 00:15:28.169
way. But achieving 90 % of a really ambitious

00:15:28.169 --> 00:15:31.250
goal is much better, I think, than trying to

00:15:31.250 --> 00:15:34.230
achieve 150 % of something which is a limited

00:15:34.230 --> 00:15:36.950
goal and too easy. And I think we've got quite

00:15:36.950 --> 00:15:40.029
a competitive team who will be quite up for tackling

00:15:40.029 --> 00:15:42.789
some difficult things together. And for yourself,

00:15:43.070 --> 00:15:45.750
you've got that diplomatic experience and you've

00:15:45.750 --> 00:15:47.990
got business experience working, as you say,

00:15:48.049 --> 00:15:52.309
in the healthcare sector. How do you think your

00:15:52.309 --> 00:15:56.019
skills that you've acquired over your years of

00:15:56.019 --> 00:15:59.279
experience have put you in a good position to

00:15:59.279 --> 00:16:02.100
take on this very ambitious challenge now working

00:16:02.100 --> 00:16:05.740
with governments across the UK. So, you know,

00:16:05.759 --> 00:16:10.960
I believe in the balance of public sector and

00:16:10.960 --> 00:16:12.980
private sector as being really critical. And

00:16:12.980 --> 00:16:15.759
I think it's quite rare to have people who have

00:16:15.759 --> 00:16:18.080
seen both sides and know how both sides function.

00:16:18.340 --> 00:16:20.779
But I really believe that is a core partnership

00:16:20.779 --> 00:16:24.600
that needs to work to make decarbonisation happen.

00:16:24.899 --> 00:16:28.059
And I'm very happy to be engaged with that. And

00:16:28.059 --> 00:16:30.179
then I really do believe that science is a large

00:16:30.179 --> 00:16:33.899
part of the answer. So having some type of technology

00:16:33.899 --> 00:16:37.059
or a science -driven agenda is important, and

00:16:37.059 --> 00:16:39.840
important in two ways. One is so that we really

00:16:39.840 --> 00:16:41.740
look at what are the technologies of the future

00:16:41.740 --> 00:16:44.600
and what impact they can have, but also to look

00:16:44.600 --> 00:16:47.139
at the data and the evidence that can be collected

00:16:47.139 --> 00:16:49.779
from the work that's being done. Now, within

00:16:49.779 --> 00:16:52.740
Salix, we've done many, many houses, many universities,

00:16:52.820 --> 00:16:56.789
many schools. and as have the partners we've

00:16:56.789 --> 00:16:59.190
worked with, we still probably have some work

00:16:59.190 --> 00:17:01.809
to do to be able to drill down, analyze, and

00:17:01.809 --> 00:17:04.390
try and get the most of the learnings from that

00:17:04.390 --> 00:17:07.589
so that we can give the best pathways forward

00:17:07.589 --> 00:17:10.029
to people who come to us for advice in the future.

00:17:10.430 --> 00:17:13.289
But I think this blend of science, public and

00:17:13.289 --> 00:17:16.029
private, and then evidence -based is actually

00:17:16.029 --> 00:17:18.049
a really useful way forward, and that's what

00:17:18.049 --> 00:17:20.009
I'm looking forward to lead here. Fantastic.

00:17:20.009 --> 00:17:22.809
Thank you very much. Are we ambitious enough?

00:17:22.990 --> 00:17:27.329
We talk about sustainability. Is aiming for sustainability

00:17:27.329 --> 00:17:33.049
enough? As a population, are we ambitious enough?

00:17:33.950 --> 00:17:38.410
I think the goals of everyone is to have, I think

00:17:38.410 --> 00:17:40.450
a wise person told me once that it's got a health,

00:17:40.509 --> 00:17:42.549
wealth and happiness. These are the three things

00:17:42.549 --> 00:17:44.529
that you need in your life. And it's when the

00:17:44.529 --> 00:17:47.710
first part goes that the other two become much

00:17:47.710 --> 00:17:51.400
less important. We have to be ambitious for sustainability,

00:17:51.720 --> 00:17:53.559
that you have to plan for multiple generations

00:17:53.559 --> 00:17:57.539
of the future. And that's why I like this decarbonisation

00:17:57.539 --> 00:18:00.180
agenda. Healthcare, we tend to focus on individuals

00:18:00.180 --> 00:18:02.880
who are alive today. How can we make their lives

00:18:02.880 --> 00:18:06.099
better? Decarbonisation is about making lives

00:18:06.099 --> 00:18:09.079
better for this generation, the next generation,

00:18:09.319 --> 00:18:11.759
the generation after. So I think the ambition

00:18:11.759 --> 00:18:14.779
has to be there's a thousand generations behind

00:18:14.779 --> 00:18:17.119
us who are going to live wonderful lives on this

00:18:17.119 --> 00:18:20.329
planet. I do think the ambition has to be a really

00:18:20.329 --> 00:18:24.049
positive one, because I think often the decarbonisation

00:18:24.049 --> 00:18:27.849
agenda sinks into things that can go wrong and

00:18:27.849 --> 00:18:31.250
tales of woe and disaster. But I do think we

00:18:31.250 --> 00:18:33.589
need to have an ambition of the kind of paradise

00:18:33.589 --> 00:18:36.450
of the future. It has to be a beautiful world

00:18:36.450 --> 00:18:39.710
for the hundredth generation behind us to live

00:18:39.710 --> 00:18:43.809
in. And to be able to do that, you need the...

00:18:44.779 --> 00:18:47.259
the the environment to be right but we also need

00:18:47.259 --> 00:18:49.740
to be able to fund it and create the kind of

00:18:49.740 --> 00:18:51.900
employment and the jobs and build the economy

00:18:51.900 --> 00:18:54.940
that can help us get the pathway very quickly

00:18:54.940 --> 00:18:57.859
to um to this kind of wonderful future for the

00:18:57.859 --> 00:19:00.519
generations behind us so you see this space very

00:19:00.519 --> 00:19:02.619
much as an area of opportunity don't you for

00:19:02.619 --> 00:19:05.740
the economy for jobs for skills you see it very

00:19:05.740 --> 00:19:08.160
much as a as a area of growth you talk about

00:19:08.160 --> 00:19:10.119
because you've talked about that woe and disaster

00:19:10.119 --> 00:19:13.400
for most people sitting at home if they're watching

00:19:13.400 --> 00:19:16.059
the news They'll see that word disaster on their

00:19:16.059 --> 00:19:18.500
screens, but you're seeing it as opportunity.

00:19:19.079 --> 00:19:23.180
So I think often the news is driven by events

00:19:23.180 --> 00:19:26.980
and often catastrophic events attract attention.

00:19:28.049 --> 00:19:30.670
And kind of wonderful, peaceful things are less

00:19:30.670 --> 00:19:33.430
interesting perhaps. But if we look at the actual

00:19:33.430 --> 00:19:37.509
work and the outcomes, 99 % of things that will

00:19:37.509 --> 00:19:40.109
need to be done will be positive changes for

00:19:40.109 --> 00:19:43.410
the future. And there'll be 1 % or 5 % of challenges

00:19:43.410 --> 00:19:46.390
that need to be dealt with. Along the pathway

00:19:46.390 --> 00:19:51.250
to a decarbonized future, there will be a chance

00:19:51.250 --> 00:19:54.140
to create economic benefits. There will be a

00:19:54.140 --> 00:19:56.740
chance to create employment. There will be new

00:19:56.740 --> 00:20:01.119
roles and types of technologies and kind of expertise

00:20:01.119 --> 00:20:03.299
that people can acquire along the way. There'll

00:20:03.299 --> 00:20:05.660
be new ways of living. If you look at some of

00:20:05.660 --> 00:20:07.420
the people who are the planners for the future,

00:20:07.460 --> 00:20:09.460
what does a future city look like? What would

00:20:09.460 --> 00:20:12.400
it look like if you designed today from the ground

00:20:12.400 --> 00:20:14.619
up? It would be very different. And those kind

00:20:14.619 --> 00:20:17.099
of things really can create opportunities for

00:20:17.099 --> 00:20:19.859
companies and for people, both for employment

00:20:19.859 --> 00:20:22.799
as well as for better lives. And making it more

00:20:22.799 --> 00:20:24.640
affordable, of course, for people, making it

00:20:24.640 --> 00:20:28.220
not just desirable, but it's something that people

00:20:28.220 --> 00:20:30.690
can afford to do. Which is going to be critical.

00:20:30.809 --> 00:20:34.529
And if you create economic opportunity for communities,

00:20:34.710 --> 00:20:36.910
then there should also be a chance for kind of

00:20:36.910 --> 00:20:40.410
wealth for the individuals within that. And it's

00:20:40.410 --> 00:20:44.029
fantastic to hear that optimism from you, Kevin,

00:20:44.130 --> 00:20:46.809
which I would hope from our chief executive and

00:20:46.809 --> 00:20:49.930
kind of that way forward. But more personally,

00:20:50.589 --> 00:20:53.490
the climate future for your kids, for your grandchildren,

00:20:53.630 --> 00:20:56.369
you've talked about generations to come. Are

00:20:56.369 --> 00:21:00.650
you an optimist? Or pessimist? Listen, I'm an

00:21:00.650 --> 00:21:03.970
optimist because what I've seen in the last few

00:21:03.970 --> 00:21:06.049
months, particularly looking at this subject

00:21:06.049 --> 00:21:09.390
more closely, is the governments are committed.

00:21:09.750 --> 00:21:11.789
OK, and they have challenges. If you look at

00:21:11.789 --> 00:21:14.789
COP 29, there is disagreement because it's a

00:21:14.789 --> 00:21:17.970
massive task for global leadership to be able

00:21:17.970 --> 00:21:20.309
to try and solve this. But they're sitting at

00:21:20.309 --> 00:21:22.410
a table. There'll be COP 30. There'll be COP

00:21:22.410 --> 00:21:27.319
31. There'll be COP 40. There'll be COP 50. There

00:21:27.319 --> 00:21:31.359
is a global will to do something. And I believe

00:21:31.359 --> 00:21:33.779
in the power of kind of humanity to try and make

00:21:33.779 --> 00:21:36.400
this work out. So, yes, I'm an optimist that

00:21:36.400 --> 00:21:38.400
we will fix it. We have to. And I think people

00:21:38.400 --> 00:21:40.859
believe that. We have to. We have no choice.

00:21:41.079 --> 00:21:43.059
And I know that we were recently in a school

00:21:43.059 --> 00:21:45.440
together and we visited a school and the children

00:21:45.440 --> 00:21:47.599
really look at it as clearly as that. There is

00:21:47.599 --> 00:21:50.160
no choice. We have to go forward and we have

00:21:50.160 --> 00:21:53.339
to fix it. Fantastic. Thank you very much, Kevin,

00:21:53.460 --> 00:21:56.559
for your time today. You've provided such an

00:21:56.559 --> 00:21:59.500
incredible insight into this whole agenda and

00:21:59.500 --> 00:22:01.559
we're very privileged to have you as one of our

00:22:01.559 --> 00:22:05.380
guests. In fact, our first guest of our decarbonisation

00:22:05.380 --> 00:22:08.119
dialogue. Thank you, Hannah. There can be no

00:22:08.119 --> 00:22:10.259
doubt that climate change is the biggest challenge

00:22:10.259 --> 00:22:12.660
of our time. Today, we must reduce greenhouse

00:22:12.660 --> 00:22:15.279
gas emissions to slow global warming. Today,

00:22:15.420 --> 00:22:17.779
we must act for tomorrow, adjusting our lifestyles

00:22:17.779 --> 00:22:20.059
to current and future impacts of climate change.

00:22:20.670 --> 00:22:23.309
Today, we must use our collective wisdom to deliver

00:22:23.309 --> 00:22:25.670
on our climate commitments. And today, we must

00:22:25.670 --> 00:22:28.890
work for tomorrow's world. So please do keep

00:22:28.890 --> 00:22:31.349
in touch with us. And you can email with your

00:22:31.349 --> 00:22:34.750
ideas and suggestions regarding our podcast series

00:22:34.750 --> 00:22:38.609
to podcast at salixfinance .co .uk. And don't

00:22:38.609 --> 00:22:40.730
forget to subscribe to our podcast channels.

00:22:40.990 --> 00:22:43.250
Thank you. And thank you to Kevin. You've been

00:22:43.250 --> 00:22:46.029
listening to the Decarbonisation Dialogue, a

00:22:46.029 --> 00:22:49.390
podcast from Salix. For more information about

00:22:49.390 --> 00:22:52.750
our work and to find more content, please visit

00:22:52.750 --> 00:22:56.890
salixfinance .co .uk forward slash podcasts.
