00:00Let's bring in our guest. It's Faustine de la Salle. Come over here.
00:05She's the chief executive of Mission Possible Partnership,
00:09working with these industries we're talking about to help them go green.
00:13And you've also, you track the clean plants being built all around the world.
00:18Now, this latest tracker of yours, it shows a record number of clean industrial plants getting the go ahead in
00:232026,
00:24most of them in China and emerging economies.
00:26What does that tell us about where the green transition is really happening?
00:31Well, where it tells us first is that it's accelerating, even in the hard-to-electrify sectors.
00:36We've heard a lot about electrification in the past few days here at COP.
00:41And there is an acceleration even in clean industry.
00:43And it's an acceleration that is happening in the countries that are renewables rich.
00:48That's the case of China. That's the case of big emerging economies like India or Brazil.
00:53And that's really where we see the focus.
00:55And that's also why some of the developed economies are lagging behind,
00:58because they're not always as rich in renewable energy as countries like China or India.
01:04You want the world to go faster, don't you?
01:05You say the world needs to go from tens of these new plants a year to hundreds.
01:10So what do you need from governments here in Antalya to make that happen?
01:14Well, there's one key message. Demand. Demand, demand.
01:17The project developers we work with, be those big companies, state-owned companies or smaller startups,
01:23all tell us the same thing.
01:25What they're missing to finance their projects is revenue certainty.
01:29And to have that revenue certainty, they need policies like mandates, regulations, carbon pricing,
01:34that create demand for products like green steel or green cement.
01:38And so that's really what's missing and what governments need to act on.
01:42Well, outside China, your tracker is finding that projects are slow to move from the announcement,
01:47the big announcement, to actually getting started construction.
01:51What can other countries learn then from the way that China is forging ahead?
01:55I think there's a couple of things about China that are really interesting.
01:58One is that the industrial strategy is really all-encompassing and it is stable.
02:02What we're hearing is that the supply chain is getting the same signals as the big manufacturers and industry players
02:09and the same signals as the downstream industries, the automotive players, for instance.
02:14That creates coherence and that coherence doesn't necessarily exist in other geographies.
02:19Now, the hosts here, Turkey, they want this big push for electrification.
02:24What does it mean for these industry-heavy sectors, steel, cement and shipping?
02:29They can't just plug in.
02:31No, and they're often called hard to electrify, but the reality is that they can be indirectly electrified for most
02:37of them
02:38by producing green hydrogen and then that green hydrogen can go into shipping, aviation, steel.
02:44There's some exceptions like cement, but it's still an indirect electrification route
02:49that is the solution for most of those heavy industry sectors.
02:52I need to talk about the geopolitical backdrop.
02:55I mean, we've got the war with Iran, oil and gas soaring.
02:58In a word, has that turned clean industry into a question of energy security, not just fire?
03:03It has, especially in countries that are oil and gas importers,
03:07and therefore they see those clean industry options as a way to waive themselves off oil and gas.
03:13Faustine de la Salle, thank you very much indeed.
03:15So renewable power is kind of redrawing the world's industrial map from China to Kenya to Paraguay.
03:23But the big question is, is that, you know, someone has to pay for this next wave of clean energy.
03:28But where's it going to come from?
03:30Europe says there's no more money on the table here.
03:33But as world leaders start to arrive here in Antalya, those conversations around climate finance really shift up a gear.
