After two years of hard work led by Jan-Peter Onstwedder and me, we finally launch the London Accord at Mansion House on the evening of 19 December.
Grainy but true – l to r: Rt Honourable Lord Mayor David Lewis, Rt Honourable John Sutton MP, Sir Michael Snyder, Professor Michael Mainelli
My Lord Mayor, Your Excellencies, My Lords, Secretary of State, Alderman, Sheriffs, [Councillors, Distinguished Guests,] Ladies and Gentlemen… – it is my great pleasure to have this opportunity to tell you tonight about the London Accord.
The London Accord’s theme is “cash in, carbon out”. The London Accord provides informed views about climate change investment and sets out a methodology for evaluating those investments. The London Accord began in 2005 at almost the same time as the Stern Review. Sir Nicholas said last year that “climate change is the greatest market failure the world has seen”. While I admire many aspects of the Stern Report, I beg to differ with this specific point.