2. Relazioni di scenario 51 what it’s worth, is that this is now sufficiently broad in scale and scope to present macroeconomic headwinds to the economy. It will start to show up in asset prices. It will surely show up in insurance prices, in the global, you know, insurance system, both private and social. It’s not built for purpose, you know, for this world we’re about to enter. And the UN panel, the IPCC, the authoritative group of scientific inputs on climate change, issued a very blunt report in August and essentially said, “Look around at what’s going on. This is the new climate normal for the next 20 years.” There’s still a huge challenge in terms of what happens in Glasgow, and so we don’t want to just sort of relax and say it’s done. But the window for preventing significant climate change is closed. We missed it. So all of those things I think are manageable headwinds, but they’re there and they’re real. So let me use the remainder of my time by shifting to the long-term. You’ve heard some of it already here; but I believe, because of two or three really significant transformations that we are entering into or in the midst of, we have a good chance of seeing a burst of productivity and progress in the economy, in education, in healthcare, and in many other aspects of life, including inclusive growth patterns. And what is driving that, I think, are three fundamental transformations (Slide 2, page 59). Two of them are parts of the program. One, of course, is the digital one. You just heard about it. The second one is coming right after me, if you can get me off the stage. That’s the energy transition. And the third one, that I’m nominating on my own, is the revolution in biomedical science, biology, healthcare, and agriculture. You will be relieved to know I’m not going to go into all of these things. But what I did do is bring along some slides that illustrate what I call extremely powerful tools and technologies that are going to drive these transformations, because I think they’re very, very striking. So I’ll show you a few of those, and then I’ll subside. So what you have here before you is a picture of the cost of solar estimated by various entities (Slide 3, page 60); but they are all going in the same direction, which is down. Ten years ago when I was in India, coal was so much cheaper than anything else that it looked like we were going to lose the climate battle on India’s growth alone, because they were going to burn coal to generate electricity. Now solar is more than competitive
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