{"version":"1.0.0","segments":[{"speaker":"Matt Gray","startTime":3.61,"endTime":9.14,"body":"We think energy system"},{"speaker":"Matt Gray","startTime":3.61,"endTime":9.14,"body":"modeling is foundational to enabling"},{"speaker":"Matt Gray","startTime":9.58,"endTime":15.61,"body":"a policy environment that will"},{"speaker":"Matt Gray","startTime":9.58,"endTime":15.61,"body":"support a rapid, phase out of fossil"},{"speaker":"Matt Gray","startTime":15.78,"endTime":20.65,"body":"fuels, towards renewable energy or"},{"speaker":"Matt Gray","startTime":15.78,"endTime":20.65,"body":"carbon free sources of electricity."},{"speaker":"Matt Gray","startTime":21.303,"endTime":27.583,"body":"But for those models to be used and"},{"speaker":"Matt Gray","startTime":21.303,"endTime":27.583,"body":"to scale the decisions required within"},{"speaker":"Matt Gray","startTime":27.643,"endTime":33.66,"body":"the time that we have, it's essential"},{"speaker":"Matt Gray","startTime":27.643,"endTime":33.66,"body":"that those models are used by everyone"},{"speaker":"Tom Raftery","startTime":33.999,"endTime":36.069,"body":"Good morning, good"},{"speaker":"Tom Raftery","startTime":33.999,"endTime":36.069,"body":"afternoon, or good evening,"},{"speaker":"Tom Raftery","startTime":36.08,"endTime":37.58,"body":"wherever you are in the world."},{"speaker":"Tom Raftery","startTime":37.899,"endTime":41.629,"body":"This is the Climate Confident"},{"speaker":"Tom Raftery","startTime":37.899,"endTime":41.629,"body":"podcast, the number one podcast"},{"speaker":"Tom Raftery","startTime":41.769,"endTime":45.539,"body":"showcasing best practices in climate"},{"speaker":"Tom Raftery","startTime":41.769,"endTime":45.539,"body":"emission reductions and removals,"},{"speaker":"Tom Raftery","startTime":45.97,"endTime":47.909,"body":"and I'm your host, Tom Raftery."},{"speaker":"Tom Raftery","startTime":48.069,"endTime":51.829,"body":"Don't forget to click follow on this"},{"speaker":"Tom Raftery","startTime":48.069,"endTime":51.829,"body":"podcast in your podcast app of choice"},{"speaker":"Tom Raftery","startTime":51.989,"endTime":54.349,"body":"to be sure you don't miss any episodes."},{"speaker":"Tom Raftery","startTime":55.43,"endTime":59.52,"body":"Hi everyone and welcome to episode"},{"speaker":"Tom Raftery","startTime":55.43,"endTime":59.52,"body":"147 of the Climate Confident podcast."},{"speaker":"Tom Raftery","startTime":59.95,"endTime":64.32,"body":"My name is Tom Raftery and before we kick"},{"speaker":"Tom Raftery","startTime":59.95,"endTime":64.32,"body":"off today's show I want to take a quick"},{"speaker":"Tom Raftery","startTime":64.35,"endTime":69.74,"body":"moment to express my sincere gratitude to"},{"speaker":"Tom Raftery","startTime":64.35,"endTime":69.74,"body":"all of this podcast's amazing supporters."},{"speaker":"Tom Raftery","startTime":70.73,"endTime":74.9,"body":"Your support has been instrumental in"},{"speaker":"Tom Raftery","startTime":70.73,"endTime":74.9,"body":"keeping this podcast going and I'm really"},{"speaker":"Tom Raftery","startTime":74.9,"endTime":76.72,"body":"grateful for each and every one of you."},{"speaker":"Tom Raftery","startTime":77.71,"endTime":81.43,"body":"If you're not already a supporter I'd"},{"speaker":"Tom Raftery","startTime":77.71,"endTime":81.43,"body":"like to encourage you to consider joining"},{"speaker":"Tom Raftery","startTime":81.43,"endTime":84.75,"body":"our community of like minded individuals"},{"speaker":"Tom Raftery","startTime":81.43,"endTime":84.75,"body":"who are passionate about climate."},{"speaker":"Tom Raftery","startTime":85.635,"endTime":89.315,"body":"Supporting the podcast is easy and"},{"speaker":"Tom Raftery","startTime":85.635,"endTime":89.315,"body":"affordable with options starting as"},{"speaker":"Tom Raftery","startTime":89.315,"endTime":91.205,"body":"low as just three euros or dollars."},{"speaker":"Tom Raftery","startTime":91.705,"endTime":94.365,"body":"That's less than the cost of"},{"speaker":"Tom Raftery","startTime":91.705,"endTime":94.365,"body":"your latte and your support"},{"speaker":"Tom Raftery","startTime":94.375,"endTime":97.215,"body":"will make a huge difference in"},{"speaker":"Tom Raftery","startTime":94.375,"endTime":97.215,"body":"keeping this show going strong."},{"speaker":"Tom Raftery","startTime":98.075,"endTime":101.605,"body":"To become a supporter, simply click on"},{"speaker":"Tom Raftery","startTime":98.075,"endTime":101.605,"body":"the support link in the show notes of"},{"speaker":"Tom Raftery","startTime":101.615,"endTime":105.275,"body":"this or any episode or visit tinyurl."},{"speaker":"Tom Raftery","startTime":105.295,"endTime":107.185,"body":"com slash climatepod."},{"speaker":"Tom Raftery","startTime":108.085,"endTime":112.845,"body":"Now, without further ado, with me on the"},{"speaker":"Tom Raftery","startTime":108.085,"endTime":112.845,"body":"show today, I have my special guest, Matt."},{"speaker":"Tom Raftery","startTime":113.345,"endTime":113.685,"body":"Matt?"},{"speaker":"Tom Raftery","startTime":114.07,"endTime":115.31,"body":"Welcome to the podcast."},{"speaker":"Tom Raftery","startTime":115.31,"endTime":116.93,"body":"Would you like to introduce yourself?"},{"speaker":"Matt Gray","startTime":117.668,"endTime":117.958,"body":"Yeah."},{"speaker":"Matt Gray","startTime":117.958,"endTime":120.305,"body":"Thanks Tom, and thanks for, for having me."},{"speaker":"Matt Gray","startTime":120.305,"endTime":121.345,"body":"It's, it's great to be here."},{"speaker":"Matt Gray","startTime":121.365,"endTime":125.145,"body":"So I'm Matt Gray, co-founder"},{"speaker":"Matt Gray","startTime":121.365,"endTime":125.145,"body":"and CEO of Transition Zero."},{"speaker":"Tom Raftery","startTime":126.372,"endTime":128.502,"body":"Okay, and"},{"speaker":"Tom Raftery","startTime":126.372,"endTime":128.502,"body":"Transition Zero is what Matt?"},{"speaker":"Matt Gray","startTime":130.657,"endTime":134.837,"body":"So Transition zero is"},{"speaker":"Matt Gray","startTime":130.657,"endTime":134.837,"body":"a relatively new, not-for-profit."},{"speaker":"Matt Gray","startTime":135.297,"endTime":137.887,"body":"We've been in operation for"},{"speaker":"Matt Gray","startTime":135.297,"endTime":137.887,"body":"about two and a half years now."},{"speaker":"Matt Gray","startTime":138.257,"endTime":143.817,"body":"We're based here in London in the UK"},{"speaker":"Matt Gray","startTime":138.257,"endTime":143.817,"body":"but we have people in other parts of"},{"speaker":"Matt Gray","startTime":143.817,"endTime":146.102,"body":"the world where we develop our models."},{"speaker":"Matt Gray","startTime":146.212,"endTime":150.742,"body":"What we do is we provide energy systems,"},{"speaker":"Matt Gray","startTime":146.212,"endTime":150.742,"body":"data, and modeling as a service."},{"speaker":"Matt Gray","startTime":151.562,"endTime":157.212,"body":"And for those listeners who don't know"},{"speaker":"Matt Gray","startTime":151.562,"endTime":157.212,"body":"what energy systems modeling is, energy"},{"speaker":"Matt Gray","startTime":157.212,"endTime":164.122,"body":"systems modeling is a complex tool that"},{"speaker":"Matt Gray","startTime":157.212,"endTime":164.122,"body":"allows a wide range of stakeholders"},{"speaker":"Matt Gray","startTime":164.342,"endTime":170.442,"body":"and decision makers to understand the"},{"speaker":"Matt Gray","startTime":164.342,"endTime":170.442,"body":"energy system and to make decisions,"},{"speaker":"Matt Gray","startTime":171.062,"endTime":175.633,"body":"investment, or policy decisions"},{"speaker":"Matt Gray","startTime":171.062,"endTime":175.633,"body":"about how to, prepare for the future."},{"speaker":"Matt Gray","startTime":176.21,"endTime":180.35,"body":"For example, if a government wants to"},{"speaker":"Matt Gray","startTime":176.21,"endTime":180.35,"body":"understand the cost of a climate policy,"},{"speaker":"Matt Gray","startTime":181.405,"endTime":183.335,"body":"they typically use energy system models."},{"speaker":"Matt Gray","startTime":183.955,"endTime":189.295,"body":"If a, a corporation wants to"},{"speaker":"Matt Gray","startTime":183.955,"endTime":189.295,"body":"understand the cost of meeting their"},{"speaker":"Matt Gray","startTime":189.315,"endTime":192.695,"body":"net zero targets, they typically"},{"speaker":"Matt Gray","startTime":189.315,"endTime":192.695,"body":"use an energy systems model."},{"speaker":"Matt Gray","startTime":193.075,"endTime":196.775,"body":"And if an investor wants to understand"},{"speaker":"Matt Gray","startTime":193.075,"endTime":196.775,"body":"where to put wind or solar farms"},{"speaker":"Matt Gray","startTime":196.845,"endTime":200.555,"body":"exactly, in a country or a region"},{"speaker":"Matt Gray","startTime":196.845,"endTime":200.555,"body":"that they're operating in, they"},{"speaker":"Matt Gray","startTime":200.555,"endTime":202.315,"body":"typically use energy systems models."},{"speaker":"Matt Gray","startTime":203.015,"endTime":207.337,"body":"Energy systems models due to their"},{"speaker":"Matt Gray","startTime":203.015,"endTime":207.337,"body":"complexity, historically have been"},{"speaker":"Matt Gray","startTime":207.587,"endTime":209.677,"body":"quite closed and inaccessible."},{"speaker":"Matt Gray","startTime":209.997,"endTime":217.683,"body":"You need to know or have a, a graduate"},{"speaker":"Matt Gray","startTime":209.997,"endTime":217.683,"body":"level understanding of modeling to"},{"speaker":"Matt Gray","startTime":217.943,"endTime":219.763,"body":"use them, to interact with them."},{"speaker":"Matt Gray","startTime":220.343,"endTime":220.923,"body":"We are different."},{"speaker":"Matt Gray","startTime":221.103,"endTime":225.883,"body":"So what we're trying to do is create,"},{"speaker":"Matt Gray","startTime":221.103,"endTime":225.883,"body":"data sets and models which are"},{"speaker":"Matt Gray","startTime":226.093,"endTime":228.883,"body":"accessible, auditable, and reproducible."},{"speaker":"Matt Gray","startTime":229.223,"endTime":233.818,"body":"And the reason we want to do that"},{"speaker":"Matt Gray","startTime":229.223,"endTime":233.818,"body":"is because we believe that these"},{"speaker":"Matt Gray","startTime":234.108,"endTime":239.408,"body":"tools to accelerate the transition"},{"speaker":"Matt Gray","startTime":234.108,"endTime":239.408,"body":"need to be more widely available."},{"speaker":"Matt Gray","startTime":239.868,"endTime":244.088,"body":"And if they are made more widely"},{"speaker":"Matt Gray","startTime":239.868,"endTime":244.088,"body":"available, it will hopefully turbocharge"},{"speaker":"Matt Gray","startTime":244.108,"endTime":249.342,"body":"the stakeholder engagement process"},{"speaker":"Matt Gray","startTime":244.108,"endTime":249.342,"body":"whereby we have more people having a"},{"speaker":"Matt Gray","startTime":249.862,"endTime":253.942,"body":"constructive and productive discussion"},{"speaker":"Matt Gray","startTime":249.862,"endTime":253.942,"body":"about what the energy system should look"},{"speaker":"Matt Gray","startTime":253.942,"endTime":255.622,"body":"like and how quickly we need to move."},{"speaker":"Tom Raftery","startTime":256.547,"endTime":256.747,"body":"Interesting."},{"speaker":"Tom Raftery","startTime":257.307,"endTime":257.507,"body":"Interesting."},{"speaker":"Tom Raftery","startTime":259.277,"endTime":261.577,"body":"Before we get into that, you"},{"speaker":"Tom Raftery","startTime":259.277,"endTime":261.577,"body":"said you're based in London."},{"speaker":"Tom Raftery","startTime":261.637,"endTime":263.177,"body":"That's not a strong London accent."},{"speaker":"Tom Raftery","startTime":263.217,"endTime":264.017,"body":"I hear there, Matt."},{"speaker":"Tom Raftery","startTime":264.017,"endTime":265.657,"body":"That's a, that's a Kiwi accent, right?"},{"speaker":"Matt Gray","startTime":267.712,"endTime":269.652,"body":"Yes, it is"},{"speaker":"Matt Gray","startTime":267.712,"endTime":269.652,"body":"originally from New Zealand."},{"speaker":"Matt Gray","startTime":270.712,"endTime":271.842,"body":"Came to the uk."},{"speaker":"Matt Gray","startTime":272.667,"endTime":277.447,"body":"About 15 years ago although it"},{"speaker":"Matt Gray","startTime":272.667,"endTime":277.447,"body":"does still feel like yesterday but"},{"speaker":"Matt Gray","startTime":277.447,"endTime":280.427,"body":"originally came over, to study."},{"speaker":"Matt Gray","startTime":280.687,"endTime":285.707,"body":"So I got my master's in the University"},{"speaker":"Matt Gray","startTime":280.687,"endTime":285.707,"body":"of Manchester, but also to, to work."},{"speaker":"Matt Gray","startTime":285.887,"endTime":291.68,"body":"So I as I came over, I managed to,"},{"speaker":"Matt Gray","startTime":285.887,"endTime":291.68,"body":"to get an opportunity, as an intern"},{"speaker":"Matt Gray","startTime":292.14,"endTime":296.82,"body":"on a trading desk at one of the"},{"speaker":"Matt Gray","startTime":292.14,"endTime":296.82,"body":"major investment banks at the time."},{"speaker":"Matt Gray","startTime":297.28,"endTime":301.09,"body":"So that's that's the reason why I came"},{"speaker":"Matt Gray","startTime":297.28,"endTime":301.09,"body":"over to the UK and since then have"},{"speaker":"Matt Gray","startTime":301.09,"endTime":303.36,"body":"got married and, and, and had kids."},{"speaker":"Matt Gray","startTime":303.42,"endTime":306.16,"body":"So I'm, I'm, I'm in all"},{"speaker":"Matt Gray","startTime":303.42,"endTime":306.16,"body":"likelihood here forever."},{"speaker":"Tom Raftery","startTime":307.16,"endTime":310.56,"body":"Similar, I'm, I'm, I'm in"},{"speaker":"Tom Raftery","startTime":307.16,"endTime":310.56,"body":"Spain 15 years, so still haven't picked"},{"speaker":"Tom Raftery","startTime":310.56,"endTime":312.04,"body":"up the Spanish accent yet either, so"},{"speaker":"Matt Gray","startTime":314.14,"endTime":315.6,"body":"no accents, don't go."},{"speaker":"Tom Raftery","startTime":316.65,"endTime":318.31,"body":"And we won't"},{"speaker":"Tom Raftery","startTime":316.65,"endTime":318.31,"body":"talk about the Rugby World Cup"},{"speaker":"Matt Gray","startTime":320.45,"endTime":321.43,"body":"No, please don't."},{"speaker":"Tom Raftery","startTime":322.06,"endTime":322.35,"body":"Okay."},{"speaker":"Tom Raftery","startTime":322.98,"endTime":328.67,"body":"Back to the modeling . So, I mean,"},{"speaker":"Tom Raftery","startTime":322.98,"endTime":328.67,"body":"you're talking about energy systems"},{"speaker":"Tom Raftery","startTime":328.99,"endTime":334.11,"body":"modeling and it's, it's, it's quite"},{"speaker":"Tom Raftery","startTime":328.99,"endTime":334.11,"body":"abstract and, and, and for most"},{"speaker":"Tom Raftery","startTime":334.11,"endTime":335.11,"body":"people, I, I would've thought."},{"speaker":"Tom Raftery","startTime":335.81,"endTime":340.29,"body":"So, for example, you mentioned"},{"speaker":"Tom Raftery","startTime":335.81,"endTime":340.29,"body":"for  people who are investing."},{"speaker":"Tom Raftery","startTime":340.99,"endTime":348.73,"body":"If, say a company was trying to"},{"speaker":"Tom Raftery","startTime":340.99,"endTime":348.73,"body":"justify building a new gas fired"},{"speaker":"Tom Raftery","startTime":348.82,"endTime":353.21,"body":"power plant, is that something that"},{"speaker":"Tom Raftery","startTime":348.82,"endTime":353.21,"body":"the, the models would be useful for?"},{"speaker":"Tom Raftery","startTime":353.21,"endTime":358.388,"body":"Because we hear a lot about things"},{"speaker":"Tom Raftery","startTime":353.21,"endTime":358.388,"body":"like the carbon bomb or the carbon"},{"speaker":"Tom Raftery","startTime":358.408,"endTime":362.628,"body":"budget and the fact that we have far"},{"speaker":"Tom Raftery","startTime":358.408,"endTime":362.628,"body":"too much proven reserves of carbon."},{"speaker":"Tom Raftery","startTime":362.888,"endTime":366.468,"body":"And you know, you'd want to be able to"},{"speaker":"Tom Raftery","startTime":362.888,"endTime":366.468,"body":"say that if someone was building something"},{"speaker":"Tom Raftery","startTime":366.468,"endTime":371.948,"body":"like that, that its probable lifetime"},{"speaker":"Tom Raftery","startTime":366.468,"endTime":371.948,"body":"would be a lot shorter and the, the"},{"speaker":"Tom Raftery","startTime":371.948,"endTime":375.068,"body":"chances of getting return on investment"},{"speaker":"Tom Raftery","startTime":371.948,"endTime":375.068,"body":"would be low, you'd have to think."},{"speaker":"Tom Raftery","startTime":375.328,"endTime":377.788,"body":"So is that something that energy"},{"speaker":"Tom Raftery","startTime":375.328,"endTime":377.788,"body":"models would be useful for?"},{"speaker":"Matt Gray","startTime":380.113,"endTime":381.173,"body":"Yes, absolutely."},{"speaker":"Matt Gray","startTime":381.273,"endTime":386.597,"body":"And those, those terms carbon"},{"speaker":"Matt Gray","startTime":381.273,"endTime":386.597,"body":"bombs, carbon budgets remind me a"},{"speaker":"Matt Gray","startTime":386.597,"endTime":389.617,"body":"lot of my old boss, Mark Campanale."},{"speaker":"Matt Gray","startTime":390.057,"endTime":395.38,"body":"So the, the, the genesis of Transition"},{"speaker":"Matt Gray","startTime":390.057,"endTime":395.38,"body":"Zero is we, we spun out from the"},{"speaker":"Matt Gray","startTime":395.38,"endTime":398.46,"body":"Carbon Tracker Initiative, which"},{"speaker":"Matt Gray","startTime":395.38,"endTime":398.46,"body":"is a, a financial think tank."},{"speaker":"Matt Gray","startTime":398.96,"endTime":403.287,"body":"And what we were doing at Carbon"},{"speaker":"Matt Gray","startTime":398.96,"endTime":403.287,"body":"Tracker was, we were developing"},{"speaker":"Matt Gray","startTime":403.807,"endTime":408.273,"body":"economic models to understand exactly"},{"speaker":"Matt Gray","startTime":403.807,"endTime":408.273,"body":"what, what you were talking about."},{"speaker":"Matt Gray","startTime":408.373,"endTime":411.673,"body":"So stranded asset risk for coal"},{"speaker":"Matt Gray","startTime":408.373,"endTime":411.673,"body":"and gas fired power plants."},{"speaker":"Matt Gray","startTime":412.283,"endTime":416.423,"body":"We built the models for Europe and"},{"speaker":"Matt Gray","startTime":412.283,"endTime":416.423,"body":"America, which went really well"},{"speaker":"Matt Gray","startTime":416.423,"endTime":417.943,"body":"because there was lots of data."},{"speaker":"Matt Gray","startTime":419.202,"endTime":423.062,"body":"But then we sort of moved into, as"},{"speaker":"Matt Gray","startTime":419.202,"endTime":423.062,"body":"we moved into Asia and in particular"},{"speaker":"Matt Gray","startTime":423.072,"endTime":427.102,"body":"China, we found that there was"},{"speaker":"Matt Gray","startTime":423.072,"endTime":427.102,"body":"this fundamental lack of data."},{"speaker":"Matt Gray","startTime":427.642,"endTime":433.622,"body":"Which is why we started experimenting"},{"speaker":"Matt Gray","startTime":427.642,"endTime":433.622,"body":"with machine learning and computer vision"},{"speaker":"Matt Gray","startTime":433.892,"endTime":438.702,"body":"with the use of satellite imagery, was"},{"speaker":"Matt Gray","startTime":433.892,"endTime":438.702,"body":"to augment and estimate data points"},{"speaker":"Matt Gray","startTime":438.702,"endTime":439.982,"body":"that weren't publicly available."},{"speaker":"Matt Gray","startTime":440.482,"endTime":443.742,"body":"And that's what led to Transition Zero."},{"speaker":"Matt Gray","startTime":444.242,"endTime":446.767,"body":"But, just back to your,"},{"speaker":"Matt Gray","startTime":444.242,"endTime":446.767,"body":"back to your question."},{"speaker":"Matt Gray","startTime":446.947,"endTime":447.847,"body":"Yes, absolutely."},{"speaker":"Matt Gray","startTime":448.057,"endTime":453.907,"body":"These models can be used for"},{"speaker":"Matt Gray","startTime":448.057,"endTime":453.907,"body":"asset level decisions all the"},{"speaker":"Matt Gray","startTime":453.907,"endTime":456.427,"body":"way up to global level decisions."},{"speaker":"Matt Gray","startTime":456.447,"endTime":463.632,"body":"So for instance, at an asset level, you"},{"speaker":"Matt Gray","startTime":456.447,"endTime":463.632,"body":"can work out, to what extent your gas or"},{"speaker":"Matt Gray","startTime":463.632,"endTime":466.112,"body":"coal fired power plant will be utilized."},{"speaker":"Matt Gray","startTime":466.332,"endTime":471.752,"body":"If it has a lower utilization rate, that's"},{"speaker":"Matt Gray","startTime":466.332,"endTime":471.752,"body":"a very good indication that it in all"},{"speaker":"Matt Gray","startTime":471.752,"endTime":475.432,"body":"likelihood won't recover its revenues and"},{"speaker":"Matt Gray","startTime":471.752,"endTime":475.432,"body":"therefore will become a stranded asset."},{"speaker":"Matt Gray","startTime":476.002,"endTime":477.228,"body":"Right up to the global level."},{"speaker":"Matt Gray","startTime":477.408,"endTime":484.693,"body":"So, for instance, if you are a country"},{"speaker":"Matt Gray","startTime":477.408,"endTime":484.693,"body":"that does not have the resources to"},{"speaker":"Matt Gray","startTime":484.693,"endTime":488.773,"body":"build out lots of wind and solar,"},{"speaker":"Matt Gray","startTime":484.693,"endTime":488.773,"body":"you can work with other countries via"},{"speaker":"Matt Gray","startTime":488.773,"endTime":494.573,"body":"interconnectors, which are big cables"},{"speaker":"Matt Gray","startTime":488.773,"endTime":494.573,"body":"that cross oceans or vast long areas of,"},{"speaker":"Matt Gray","startTime":494.593,"endTime":496.97,"body":"of land to connect electricity systems."},{"speaker":"Matt Gray","startTime":497.15,"endTime":502.4,"body":"So taking advantages, taking advantage"},{"speaker":"Matt Gray","startTime":497.15,"endTime":502.4,"body":"of the resources that your neighboring"},{"speaker":"Matt Gray","startTime":502.84,"endTime":507.28,"body":"countries have, and all of those"},{"speaker":"Matt Gray","startTime":502.84,"endTime":507.28,"body":"decisions can be made with, with,"},{"speaker":"Matt Gray","startTime":507.28,"endTime":508.64,"body":"with the energy systems models."},{"speaker":"Tom Raftery","startTime":509.325,"endTime":509.615,"body":"Okay."},{"speaker":"Tom Raftery","startTime":509.715,"endTime":509.935,"body":"And."},{"speaker":"Tom Raftery","startTime":511.435,"endTime":518.415,"body":"You said that the models up until now"},{"speaker":"Tom Raftery","startTime":511.435,"endTime":518.415,"body":"have been quite closed and proprietary and"},{"speaker":"Tom Raftery","startTime":518.605,"endTime":526.535,"body":"private, and you want to create a model"},{"speaker":"Tom Raftery","startTime":518.605,"endTime":526.535,"body":"that is open and a standard even that"},{"speaker":"Tom Raftery","startTime":526.595,"endTime":528.815,"body":"people buy into and everyone starts using."},{"speaker":"Tom Raftery","startTime":528.835,"endTime":530.775,"body":"Is that a fair assessment"},{"speaker":"Tom Raftery","startTime":528.835,"endTime":530.775,"body":"of what you're up to?"},{"speaker":"Matt Gray","startTime":533.125,"endTime":533.785,"body":"Yes, exactly."},{"speaker":"Matt Gray","startTime":534.045,"endTime":541.175,"body":"So we, we think energy system"},{"speaker":"Matt Gray","startTime":534.045,"endTime":541.175,"body":"modeling is foundational to enabling"},{"speaker":"Matt Gray","startTime":541.615,"endTime":547.825,"body":"a policy environment that will"},{"speaker":"Matt Gray","startTime":541.615,"endTime":547.825,"body":"support a rapid, phase out of fossil"},{"speaker":"Matt Gray","startTime":547.995,"endTime":552.865,"body":"fuels, towards renewable energy or"},{"speaker":"Matt Gray","startTime":547.995,"endTime":552.865,"body":"carbon free sources of electricity."},{"speaker":"Matt Gray","startTime":553.518,"endTime":559.798,"body":"But for those models to be used and"},{"speaker":"Matt Gray","startTime":553.518,"endTime":559.798,"body":"to scale the decisions required within"},{"speaker":"Matt Gray","startTime":559.858,"endTime":565.668,"body":"the time that we have, it's essential"},{"speaker":"Matt Gray","startTime":559.858,"endTime":565.668,"body":"that those models are used by everyone"},{"speaker":"Matt Gray","startTime":565.938,"endTime":572.095,"body":"from energy consumers to taxpayers,"},{"speaker":"Matt Gray","startTime":565.938,"endTime":572.095,"body":"to policymakers, to investors, and"},{"speaker":"Matt Gray","startTime":572.095,"endTime":576.535,"body":"to corporates corporates as well,"},{"speaker":"Matt Gray","startTime":572.095,"endTime":576.535,"body":"who to date have been speaking a"},{"speaker":"Matt Gray","startTime":576.535,"endTime":578.135,"body":"big game with regards to net zero."},{"speaker":"Matt Gray","startTime":578.475,"endTime":582.745,"body":"If you compare the, the number of"},{"speaker":"Matt Gray","startTime":578.475,"endTime":582.745,"body":"pledges with the actual number of"},{"speaker":"Matt Gray","startTime":582.945,"endTime":586.505,"body":"credible plans, there's a number of"},{"speaker":"Matt Gray","startTime":582.945,"endTime":586.505,"body":"institutions that are doing that,"},{"speaker":"Matt Gray","startTime":586.535,"endTime":588.625,"body":"like Net Zero Tracker for instance,."},{"speaker":"Matt Gray","startTime":589.365,"endTime":593.605,"body":"there's a big gap between what"},{"speaker":"Matt Gray","startTime":589.365,"endTime":593.605,"body":"companies, investors, and countries"},{"speaker":"Matt Gray","startTime":593.605,"endTime":596.845,"body":"are saying they'll do and what"},{"speaker":"Matt Gray","startTime":593.605,"endTime":596.845,"body":"they're actually doing on the ground."},{"speaker":"Matt Gray","startTime":597.345,"endTime":604.775,"body":"And we believe one of the reasons for"},{"speaker":"Matt Gray","startTime":597.345,"endTime":604.775,"body":"that is this barrier between, the data"},{"speaker":"Matt Gray","startTime":605.275,"endTime":607.815,"body":"and the availability of these models."},{"speaker":"Matt Gray","startTime":607.815,"endTime":610.775,"body":"They're simply not being used at"},{"speaker":"Matt Gray","startTime":607.815,"endTime":610.775,"body":"the scale that they need to be."},{"speaker":"Matt Gray","startTime":610.915,"endTime":614.095,"body":"And the reason for that is"},{"speaker":"Matt Gray","startTime":610.915,"endTime":614.095,"body":"because the, the, they're closed"},{"speaker":"Matt Gray","startTime":614.515,"endTime":617.215,"body":"or inaccessible, um, yeah."},{"speaker":"Tom Raftery","startTime":618.13,"endTime":624.38,"body":"There's a very well"},{"speaker":"Tom Raftery","startTime":618.13,"endTime":624.38,"body":"known XKCD cartoon about standards"},{"speaker":"Tom Raftery","startTime":624.52,"endTime":626.7,"body":"and introducing a new standard."},{"speaker":"Tom Raftery","startTime":627.24,"endTime":630.26,"body":"You know where it says there"},{"speaker":"Tom Raftery","startTime":627.24,"endTime":630.26,"body":"are 15 standards, we need one"},{"speaker":"Tom Raftery","startTime":631.53,"endTime":633.01,"body":"standard to rule them all."},{"speaker":"Tom Raftery","startTime":633.47,"endTime":638.01,"body":"And now , then time passes,"},{"speaker":"Tom Raftery","startTime":633.47,"endTime":638.01,"body":"and now we have 16 standards."},{"speaker":"Tom Raftery","startTime":638.39,"endTime":642.01,"body":"So how, how do you avoid that happening?"},{"speaker":"Tom Raftery","startTime":642.07,"endTime":645.05,"body":"How do you make sure that if you"},{"speaker":"Tom Raftery","startTime":642.07,"endTime":645.05,"body":"come up with this standard that"},{"speaker":"Tom Raftery","startTime":645.08,"endTime":646.61,"body":"it's widely, widely adopted?"},{"speaker":"Matt Gray","startTime":649.47,"endTime":651.41,"body":"So, yeah, I mean,"},{"speaker":"Matt Gray","startTime":649.47,"endTime":651.41,"body":"that's a really good point."},{"speaker":"Matt Gray","startTime":651.41,"endTime":656.37,"body":"Even within the energy sector,"},{"speaker":"Matt Gray","startTime":651.41,"endTime":656.37,"body":"there is a whole host of standards."},{"speaker":"Matt Gray","startTime":683.83,"endTime":690.4250000000001,"body":"So, what we are talking about with"},{"speaker":"Matt Gray","startTime":683.83,"endTime":690.4250000000001,"body":"regards to creating a global standard"},{"speaker":"Matt Gray","startTime":690.8850000000001,"endTime":698.355,"body":"is, not necessarily, in the conventional"},{"speaker":"Matt Gray","startTime":690.8850000000001,"endTime":698.355,"body":"sense where you have standards like"},{"speaker":"Matt Gray","startTime":698.355,"endTime":704.0680000000001,"body":"the greenhouse gas protocol, which,"},{"speaker":"Matt Gray","startTime":698.355,"endTime":704.0680000000001,"body":"tells everyone but is particularly"},{"speaker":"Matt Gray","startTime":704.0980000000001,"endTime":707.668,"body":"used by, by corporations as they"},{"speaker":"Matt Gray","startTime":704.0980000000001,"endTime":707.668,"body":"interact with the renewable energy"},{"speaker":"Matt Gray","startTime":708.128,"endTime":711.5880000000001,"body":"market what a ton of CO2 represents."},{"speaker":"Matt Gray","startTime":712.1780000000001,"endTime":717.2280000000001,"body":"What we are trying to do is more, I"},{"speaker":"Matt Gray","startTime":712.1780000000001,"endTime":717.2280000000001,"body":"think, foundational in the sense that"},{"speaker":"Matt Gray","startTime":718.008,"endTime":722.3080000000001,"body":"within these energy systems models,"},{"speaker":"Matt Gray","startTime":718.008,"endTime":722.3080000000001,"body":"there's a number of key assumptions."},{"speaker":"Matt Gray","startTime":723.008,"endTime":726.9380000000001,"body":"Assumptions around the cost of"},{"speaker":"Matt Gray","startTime":723.008,"endTime":726.9380000000001,"body":"different power generation technologies."},{"speaker":"Matt Gray","startTime":727.168,"endTime":728.0580000000001,"body":"What do they cost?"},{"speaker":"Matt Gray","startTime":728.8380000000001,"endTime":731.0880000000001,"body":"There's assumptions"},{"speaker":"Matt Gray","startTime":728.8380000000001,"endTime":731.0880000000001,"body":"around commodity prices."},{"speaker":"Matt Gray","startTime":731.278,"endTime":734.7320000000001,"body":"There's assumptions around,"},{"speaker":"Matt Gray","startTime":731.278,"endTime":734.7320000000001,"body":"resource potentials."},{"speaker":"Matt Gray","startTime":734.8320000000001,"endTime":740.062,"body":"So you have countries which have different"},{"speaker":"Matt Gray","startTime":734.8320000000001,"endTime":740.062,"body":"levels of resource potential, and that"},{"speaker":"Matt Gray","startTime":740.062,"endTime":746.522,"body":"level of resource potential determines"},{"speaker":"Matt Gray","startTime":740.062,"endTime":746.522,"body":"how much of a certain fuel they can build."},{"speaker":"Matt Gray","startTime":746.822,"endTime":752.4780000000001,"body":"So if it's somewhere like Japan,"},{"speaker":"Matt Gray","startTime":746.822,"endTime":752.4780000000001,"body":"for instance, where it's mountainous"},{"speaker":"Matt Gray","startTime":752.738,"endTime":758.615,"body":"and there's lots of forest area that"},{"speaker":"Matt Gray","startTime":752.738,"endTime":758.615,"body":"limits their potential or at least"},{"speaker":"Matt Gray","startTime":759.125,"endTime":763.1220000000001,"body":"gives the country an understanding of"},{"speaker":"Matt Gray","startTime":759.125,"endTime":763.1220000000001,"body":"what they can do and the trade-offs"},{"speaker":"Matt Gray","startTime":763.1220000000001,"endTime":769.897,"body":"around pursuing a sort of solar,"},{"speaker":"Matt Gray","startTime":763.1220000000001,"endTime":769.897,"body":"predominantly solar electricity system."},{"speaker":"Matt Gray","startTime":770.4770000000001,"endTime":775.3100000000001,"body":"So what we are trying to do is to"},{"speaker":"Matt Gray","startTime":770.4770000000001,"endTime":775.3100000000001,"body":"make sure that, all stakeholders"},{"speaker":"Matt Gray","startTime":775.86,"endTime":780.59,"body":"have a common understanding and"},{"speaker":"Matt Gray","startTime":775.86,"endTime":780.59,"body":"rely on a common evidence base"},{"speaker":"Matt Gray","startTime":780.6600000000001,"endTime":782.2700000000001,"body":"with regards to those assumptions."},{"speaker":"Matt Gray","startTime":782.7700000000001,"endTime":788.6300000000001,"body":"And we believe if we can get buy-in at"},{"speaker":"Matt Gray","startTime":782.7700000000001,"endTime":788.6300000000001,"body":"that level, it will reduce data barriers"},{"speaker":"Matt Gray","startTime":788.6300000000001,"endTime":795.672,"body":"because as countries, and investors,"},{"speaker":"Matt Gray","startTime":788.6300000000001,"endTime":795.672,"body":"and corporates, try to meet their net"},{"speaker":"Matt Gray","startTime":795.672,"endTime":801.9150000000001,"body":"zero targets, they will be trying to"},{"speaker":"Matt Gray","startTime":795.672,"endTime":801.9150000000001,"body":"understand what the data, is telling them."},{"speaker":"Matt Gray","startTime":802.0150000000001,"endTime":804.955,"body":"And they'll need to have an understanding"},{"speaker":"Matt Gray","startTime":802.0150000000001,"endTime":804.955,"body":"of the assumptions underpinning"},{"speaker":"Matt Gray","startTime":804.955,"endTime":807.075,"body":"that data, to make decisions."},{"speaker":"Matt Gray","startTime":807.815,"endTime":814.25,"body":"And just to use an example of, of how"},{"speaker":"Matt Gray","startTime":807.815,"endTime":814.25,"body":"we see, the state of standard evolving."},{"speaker":"Matt Gray","startTime":815.07,"endTime":817.7,"body":"So for instance, you have climate finance."},{"speaker":"Matt Gray","startTime":817.9200000000001,"endTime":822.6500000000001,"body":"And climate finance is all about"},{"speaker":"Matt Gray","startTime":817.9200000000001,"endTime":822.6500000000001,"body":"wealthy company countries giving money"},{"speaker":"Matt Gray","startTime":822.83,"endTime":825.5600000000001,"body":"to, low income countries to help them"},{"speaker":"Matt Gray","startTime":826.745,"endTime":831.095,"body":"phase out fossil fuels and build"},{"speaker":"Matt Gray","startTime":826.745,"endTime":831.095,"body":"a zero carbon electricity system."},{"speaker":"Matt Gray","startTime":831.475,"endTime":835.095,"body":"What's happening at the moment"},{"speaker":"Matt Gray","startTime":831.475,"endTime":835.095,"body":"is there is, there is no shared"},{"speaker":"Matt Gray","startTime":835.445,"endTime":840.1350000000001,"body":"understanding or shared evidence"},{"speaker":"Matt Gray","startTime":835.445,"endTime":840.1350000000001,"body":"base around how much that will cost."},{"speaker":"Matt Gray","startTime":840.6350000000001,"endTime":840.7550000000001,"body":"I."},{"speaker":"Matt Gray","startTime":840.7550000000001,"endTime":842.7700000000001,"body":". And the reason for that"},{"speaker":"Matt Gray","startTime":840.7550000000001,"endTime":842.7700000000001,"body":"is, is the data's closed."},{"speaker":"Matt Gray","startTime":842.83,"endTime":843.73,"body":"The model's closed."},{"speaker":"Matt Gray","startTime":843.99,"endTime":847.9300000000001,"body":"So what happens is like reports"},{"speaker":"Matt Gray","startTime":843.99,"endTime":847.9300000000001,"body":"just get circulated by think tanks"},{"speaker":"Matt Gray","startTime":848.2700000000001,"endTime":851.6500000000001,"body":"saying it costs this much, and then"},{"speaker":"Matt Gray","startTime":848.2700000000001,"endTime":851.6500000000001,"body":"someone will say it costs that much."},{"speaker":"Matt Gray","startTime":851.99,"endTime":856.6500000000001,"body":"And what we need to do is just really"},{"speaker":"Matt Gray","startTime":851.99,"endTime":856.6500000000001,"body":"expose the data and the, the, the"},{"speaker":"Matt Gray","startTime":856.6500000000001,"endTime":858.5300000000001,"body":"assumptions underpinning that data."},{"speaker":"Matt Gray","startTime":858.71,"endTime":864.1300000000001,"body":"And that will, we hope, create a level"},{"speaker":"Matt Gray","startTime":858.71,"endTime":864.1300000000001,"body":"playing field where both sides of, of"},{"speaker":"Matt Gray","startTime":864.1300000000001,"endTime":867.97,"body":"that, that ledger, so that the countries"},{"speaker":"Matt Gray","startTime":864.1300000000001,"endTime":867.97,"body":"who need the money and the countries who"},{"speaker":"Matt Gray","startTime":867.97,"endTime":872.8800000000001,"body":"are giving it, are at the very least,"},{"speaker":"Matt Gray","startTime":867.97,"endTime":872.8800000000001,"body":"not arguing about data and cost anymore."},{"speaker":"Matt Gray","startTime":872.8800000000001,"endTime":876.2,"body":"They're arguing about what"},{"speaker":"Matt Gray","startTime":872.8800000000001,"endTime":876.2,"body":"they're getting in return."},{"speaker":"Matt Gray","startTime":876.6600000000001,"endTime":880.0,"body":"As rich countries give that"},{"speaker":"Matt Gray","startTime":876.6600000000001,"endTime":880.0,"body":"money, and then low, low income"},{"speaker":"Matt Gray","startTime":880.32,"endTime":881.12,"body":"countries use that money."},{"speaker":"Matt Gray","startTime":881.4200000000001,"endTime":882.72,"body":"That's what we should be debating."},{"speaker":"Matt Gray","startTime":882.74,"endTime":886.24,"body":"We shouldn't be debating how much"},{"speaker":"Matt Gray","startTime":882.74,"endTime":886.24,"body":"this costs because the data is there."},{"speaker":"Matt Gray","startTime":886.3100000000001,"endTime":890.8000000000001,"body":"It's just not in the hands of the"},{"speaker":"Matt Gray","startTime":886.3100000000001,"endTime":890.8000000000001,"body":"people who are making the decisions."},{"speaker":"Tom Raftery","startTime":891.4200000000001,"endTime":891.71,"body":"Sure."},{"speaker":"Tom Raftery","startTime":892.21,"endTime":896.87,"body":"And where is the data coming from"},{"speaker":"Tom Raftery","startTime":892.21,"endTime":896.87,"body":"that you are using as opposed to"},{"speaker":"Tom Raftery","startTime":896.87,"endTime":900.59,"body":"the one that the various consultants"},{"speaker":"Tom Raftery","startTime":896.87,"endTime":900.59,"body":"in their reports are using?"},{"speaker":"Tom Raftery","startTime":900.61,"endTime":902.5500000000001,"body":"And why is yours more"},{"speaker":"Tom Raftery","startTime":900.61,"endTime":902.5500000000001,"body":"trustworthy than theirs?"},{"speaker":"Matt Gray","startTime":904.148,"endTime":907.3280000000001,"body":"So our data comes"},{"speaker":"Matt Gray","startTime":904.148,"endTime":907.3280000000001,"body":"from a variety of sources."},{"speaker":"Matt Gray","startTime":907.908,"endTime":914.0,"body":"So at the, the very fundamental level,"},{"speaker":"Matt Gray","startTime":907.908,"endTime":914.0,"body":"we scrape all publicly available"},{"speaker":"Matt Gray","startTime":914.19,"endTime":918.96,"body":"data from reputable institutions"},{"speaker":"Matt Gray","startTime":914.19,"endTime":918.96,"body":"that we can find on the internet."},{"speaker":"Matt Gray","startTime":919.1500000000001,"endTime":921.44,"body":"Typically, that's empirical data."},{"speaker":"Matt Gray","startTime":921.9000000000001,"endTime":926.6,"body":"So data around how many coal plants"},{"speaker":"Matt Gray","startTime":921.9000000000001,"endTime":926.6,"body":"there are, how many gas plants there are,"},{"speaker":"Matt Gray","startTime":926.6,"endTime":931.383,"body":"where they located, the size of them, the"},{"speaker":"Matt Gray","startTime":926.6,"endTime":931.383,"body":"type of technology that they're using."},{"speaker":"Matt Gray","startTime":932.5630000000001,"endTime":939.873,"body":"Then we identify a series of gaps"},{"speaker":"Matt Gray","startTime":932.5630000000001,"endTime":939.873,"body":"which are affecting the accuracy"},{"speaker":"Matt Gray","startTime":939.873,"endTime":944.913,"body":"of our models, and that's where our"},{"speaker":"Matt Gray","startTime":939.873,"endTime":944.913,"body":"research team comes in to use machine"},{"speaker":"Matt Gray","startTime":945.0730000000001,"endTime":949.393,"body":"learning techniques, computer vision"},{"speaker":"Matt Gray","startTime":945.0730000000001,"endTime":949.393,"body":"techniques, like I discussed in"},{"speaker":"Matt Gray","startTime":949.393,"endTime":950.9530000000001,"body":"the history of, of Transition Zero."},{"speaker":"Matt Gray","startTime":951.4530000000001,"endTime":956.4330000000001,"body":"And that allows us to estimate and"},{"speaker":"Matt Gray","startTime":951.4530000000001,"endTime":956.4330000000001,"body":"augment data that doesn't exist."},{"speaker":"Matt Gray","startTime":956.9730000000001,"endTime":963.033,"body":"So for instance in some parts of the"},{"speaker":"Matt Gray","startTime":956.9730000000001,"endTime":963.033,"body":"world, the number of assets that are"},{"speaker":"Matt Gray","startTime":963.033,"endTime":967.533,"body":"in an electricity system is, is not"},{"speaker":"Matt Gray","startTime":963.033,"endTime":967.533,"body":"known or it's not publicly available."},{"speaker":"Matt Gray","startTime":968.1930000000001,"endTime":973.647,"body":"We can come in with computer vision and"},{"speaker":"Matt Gray","startTime":968.1930000000001,"endTime":973.647,"body":"identify those assets and size them."},{"speaker":"Matt Gray","startTime":974.1070000000001,"endTime":978.897,"body":"So for instance, we have algorithms"},{"speaker":"Matt Gray","startTime":974.1070000000001,"endTime":978.897,"body":"that tell us or that, that identify"},{"speaker":"Matt Gray","startTime":979.5970000000001,"endTime":983.667,"body":"solar panels and solar farms and tell"},{"speaker":"Matt Gray","startTime":979.5970000000001,"endTime":983.667,"body":"us the size of those solar farms."},{"speaker":"Matt Gray","startTime":984.1270000000001,"endTime":990.3670000000001,"body":"We do a similar thing for grid assets such"},{"speaker":"Matt Gray","startTime":984.1270000000001,"endTime":990.3670000000001,"body":"as substations, which are the the assets"},{"speaker":"Matt Gray","startTime":990.517,"endTime":994.057,"body":"that convert generation onto the grid."},{"speaker":"Matt Gray","startTime":994.3570000000001,"endTime":999.0970000000001,"body":"So it reduces the voltage"},{"speaker":"Matt Gray","startTime":994.3570000000001,"endTime":999.0970000000001,"body":"to get it to the consumers."},{"speaker":"Matt Gray","startTime":999.6370000000001,"endTime":1004.417,"body":"Vitally important assets that are,"},{"speaker":"Matt Gray","startTime":999.6370000000001,"endTime":1004.417,"body":"again, not, not much information on them."},{"speaker":"Matt Gray","startTime":1004.9570000000001,"endTime":1011.5150000000001,"body":"And then there's the final step, which"},{"speaker":"Matt Gray","startTime":1004.9570000000001,"endTime":1011.5150000000001,"body":"is I think our, our, our unique offering."},{"speaker":"Matt Gray","startTime":1012.0150000000001,"endTime":1013.355,"body":"We have in-country analysts."},{"speaker":"Matt Gray","startTime":1013.355,"endTime":1017.6750000000001,"body":"So we develop the product and the"},{"speaker":"Matt Gray","startTime":1013.355,"endTime":1017.6750000000001,"body":"technology here in London, but for"},{"speaker":"Matt Gray","startTime":1017.6750000000001,"endTime":1022.835,"body":"the markets that we are operating and"},{"speaker":"Matt Gray","startTime":1017.6750000000001,"endTime":1022.835,"body":"engaging in, we have in-country analysts"},{"speaker":"Matt Gray","startTime":1022.835,"endTime":1030.5,"body":"who are typically locals who live in"},{"speaker":"Matt Gray","startTime":1022.835,"endTime":1030.5,"body":"the region and they engage with the"},{"speaker":"Matt Gray","startTime":1030.5,"endTime":1034.98,"body":"data and validate the data just to"},{"speaker":"Matt Gray","startTime":1030.5,"endTime":1034.98,"body":"make sure that it is reflecting market"},{"speaker":"Matt Gray","startTime":1035.01,"endTime":1038.82,"body":"constraints, but also what's happening"},{"speaker":"Matt Gray","startTime":1035.01,"endTime":1038.82,"body":"on the ground, which is typically"},{"speaker":"Matt Gray","startTime":1038.82,"endTime":1044.23,"body":"quite different from what is going"},{"speaker":"Matt Gray","startTime":1038.82,"endTime":1044.23,"body":"into these models in the first place."},{"speaker":"Tom Raftery","startTime":1046.665,"endTime":1049.005,"body":"Sounds kind of expensive."},{"speaker":"Tom Raftery","startTime":1049.235,"endTime":1051.165,"body":"Mark, how, how is this being funded?"},{"speaker":"Matt Gray","startTime":1052.545,"endTime":1054.685,"body":"So we're entirely,"},{"speaker":"Matt Gray","startTime":1052.545,"endTime":1054.685,"body":"we're entirely grant funded."},{"speaker":"Matt Gray","startTime":1055.025,"endTime":1056.7250000000001,"body":"So we're a registered charity."},{"speaker":"Matt Gray","startTime":1057.1950000000002,"endTime":1061.685,"body":"What that means is we take grants"},{"speaker":"Matt Gray","startTime":1057.1950000000002,"endTime":1061.685,"body":"from big foundations such as"},{"speaker":"Matt Gray","startTime":1061.685,"endTime":1066.555,"body":"Google.org, Bloomberg Philanthropies"},{"speaker":"Matt Gray","startTime":1061.685,"endTime":1066.555,"body":"and a number of other foundations."},{"speaker":"Matt Gray","startTime":1067.375,"endTime":1071.538,"body":"And we provide that service, for free."},{"speaker":"Matt Gray","startTime":1071.758,"endTime":1077.1280000000002,"body":"So we create public goods which is"},{"speaker":"Matt Gray","startTime":1071.758,"endTime":1077.1280000000002,"body":"consistent with our with our mission"},{"speaker":"Matt Gray","startTime":1077.428,"endTime":1083.428,"body":"to, make sure that we're accelerating"},{"speaker":"Matt Gray","startTime":1077.428,"endTime":1083.428,"body":"the transition by creating open"},{"speaker":"Matt Gray","startTime":1083.458,"endTime":1087.6680000000001,"body":"data sets and open models that,"},{"speaker":"Matt Gray","startTime":1083.458,"endTime":1087.6680000000001,"body":"that are usable for everyone."},{"speaker":"Matt Gray","startTime":1088.248,"endTime":1094.752,"body":"But in terms of cost actually producing"},{"speaker":"Matt Gray","startTime":1088.248,"endTime":1094.752,"body":"the data isn't the biggest cost for us."},{"speaker":"Matt Gray","startTime":1094.952,"endTime":1099.817,"body":"I would say over time, the biggest"},{"speaker":"Matt Gray","startTime":1094.952,"endTime":1099.817,"body":"cost is making sure that we get this"},{"speaker":"Matt Gray","startTime":1099.817,"endTime":1103.377,"body":"data in the hands of the right people,"},{"speaker":"Matt Gray","startTime":1099.817,"endTime":1103.377,"body":"at the right time, in the right way."},{"speaker":"Matt Gray","startTime":1103.6670000000001,"endTime":1107.727,"body":"And that's where our in-country"},{"speaker":"Matt Gray","startTime":1103.6670000000001,"endTime":1107.727,"body":"analysts are, are so important."},{"speaker":"Tom Raftery","startTime":1109.817,"endTime":1111.757,"body":"And what about takeup then?"},{"speaker":"Tom Raftery","startTime":1112.497,"endTime":1117.707,"body":"Is, is, is this being Uh, How, how,"},{"speaker":"Tom Raftery","startTime":1112.497,"endTime":1117.707,"body":"I mean, you said you're a, a new"},{"speaker":"Tom Raftery","startTime":1117.707,"endTime":1119.307,"body":"company, only a couple years old."},{"speaker":"Tom Raftery","startTime":1119.757,"endTime":1123.1870000000001,"body":"Where are you in that kind of"},{"speaker":"Tom Raftery","startTime":1119.757,"endTime":1123.1870000000001,"body":"scale of getting it out and getting"},{"speaker":"Tom Raftery","startTime":1123.1870000000001,"endTime":1124.4270000000001,"body":"it in people's hands to be used?"},{"speaker":"Matt Gray","startTime":1125.9170000000001,"endTime":1127.887,"body":"Yeah, so we're only,"},{"speaker":"Matt Gray","startTime":1125.9170000000001,"endTime":1127.887,"body":"we are only getting started."},{"speaker":"Matt Gray","startTime":1128.307,"endTime":1131.387,"body":"I would say there's, there's"},{"speaker":"Matt Gray","startTime":1128.307,"endTime":1131.387,"body":"two aspects to take up."},{"speaker":"Matt Gray","startTime":1131.607,"endTime":1135.9470000000001,"body":"So where we have an in-country presence"},{"speaker":"Matt Gray","startTime":1131.607,"endTime":1135.9470000000001,"body":"at, we know our data is being used"},{"speaker":"Matt Gray","startTime":1135.9470000000001,"endTime":1139.712,"body":"already and that you know, that's"},{"speaker":"Matt Gray","startTime":1135.9470000000001,"endTime":1139.712,"body":"unsurprising given we have people on the"},{"speaker":"Matt Gray","startTime":1139.712,"endTime":1143.785,"body":"ground engaging with, with stakeholders"},{"speaker":"Matt Gray","startTime":1139.712,"endTime":1143.785,"body":"in the countries that they cover."},{"speaker":"Matt Gray","startTime":1144.1950000000002,"endTime":1145.755,"body":"But we also have a partnership model."},{"speaker":"Matt Gray","startTime":1145.935,"endTime":1150.515,"body":"So I think I've been involved in a number"},{"speaker":"Matt Gray","startTime":1145.935,"endTime":1150.515,"body":"of data products that have failed to take"},{"speaker":"Matt Gray","startTime":1150.515,"endTime":1155.3500000000001,"body":"off, and the reason being that they just"},{"speaker":"Matt Gray","startTime":1150.515,"endTime":1155.3500000000001,"body":"haven't,  there, there hasn't been much"},{"speaker":"Matt Gray","startTime":1155.3500000000001,"endTime":1158.99,"body":"of a focus on user growth and user uptake."},{"speaker":"Matt Gray","startTime":1159.17,"endTime":1163.95,"body":"So what you, what you're left with is"},{"speaker":"Matt Gray","startTime":1159.17,"endTime":1163.95,"body":"a nice website with great visuals and"},{"speaker":"Matt Gray","startTime":1164.18,"endTime":1166.43,"body":"data sets, but no one actually using it."},{"speaker":"Matt Gray","startTime":1167.24,"endTime":1170.54,"body":"Wanted to make a, a conscious"},{"speaker":"Matt Gray","startTime":1167.24,"endTime":1170.54,"body":"decision this time round that we"},{"speaker":"Matt Gray","startTime":1170.5700000000002,"endTime":1177.015,"body":"were putting the user first and"},{"speaker":"Matt Gray","startTime":1170.5700000000002,"endTime":1177.015,"body":"focusing very heavily on the user."},{"speaker":"Matt Gray","startTime":1177.355,"endTime":1183.855,"body":"So what we mean by a partnership model is"},{"speaker":"Matt Gray","startTime":1177.355,"endTime":1183.855,"body":"we identify initiatives and organizations"},{"speaker":"Matt Gray","startTime":1183.885,"endTime":1186.8600000000001,"body":"that are that had the same mission as us."},{"speaker":"Matt Gray","startTime":1187.44,"endTime":1193.93,"body":"And instead of us working with users,"},{"speaker":"Matt Gray","startTime":1187.44,"endTime":1193.93,"body":"we give the data to those organizations"},{"speaker":"Matt Gray","startTime":1194.03,"endTime":1198.203,"body":"or those initiatives and they"},{"speaker":"Matt Gray","startTime":1194.03,"endTime":1198.203,"body":"interact with the users on our behalf."},{"speaker":"Matt Gray","startTime":1198.7830000000001,"endTime":1204.323,"body":"An example of that is the V20, which"},{"speaker":"Matt Gray","startTime":1198.7830000000001,"endTime":1204.323,"body":"is a consortium of climate finance"},{"speaker":"Matt Gray","startTime":1204.803,"endTime":1212.2530000000002,"body":"ministers, from countries that are"},{"speaker":"Matt Gray","startTime":1204.803,"endTime":1212.2530000000002,"body":"particularly vulnerable to climate change."},{"speaker":"Matt Gray","startTime":1212.393,"endTime":1219.713,"body":"So low income countries that are based"},{"speaker":"Matt Gray","startTime":1212.393,"endTime":1219.713,"body":"in regions such as the Pacific where you"},{"speaker":"Matt Gray","startTime":1219.713,"endTime":1225.073,"body":"know, sea level rise is going to make"},{"speaker":"Matt Gray","startTime":1219.713,"endTime":1225.073,"body":"them very vulnerable to the worst impacts"},{"speaker":"Matt Gray","startTime":1225.093,"endTime":1229.7430000000002,"body":"of, of climate change to, to everywhere"},{"speaker":"Matt Gray","startTime":1225.093,"endTime":1229.7430000000002,"body":"else like, Sub-Saharan countries"},{"speaker":"Matt Gray","startTime":1229.7430000000002,"endTime":1231.703,"body":"where obviously drought's an issue."},{"speaker":"Matt Gray","startTime":1232.163,"endTime":1235.903,"body":"Countries like Pakistan, for instance,"},{"speaker":"Matt Gray","startTime":1232.163,"endTime":1235.903,"body":"which has been, you know, having a really"},{"speaker":"Matt Gray","startTime":1235.903,"endTime":1237.703,"body":"hard time with, with floods recently."},{"speaker":"Matt Gray","startTime":1238.403,"endTime":1243.623,"body":"So that that partnership we have with"},{"speaker":"Matt Gray","startTime":1238.403,"endTime":1243.623,"body":"the V20, we give them our data and"},{"speaker":"Matt Gray","startTime":1243.623,"endTime":1247.5430000000001,"body":"our models and that allows them to"},{"speaker":"Matt Gray","startTime":1243.623,"endTime":1247.5430000000001,"body":"put together climate prosperity plans."},{"speaker":"Matt Gray","startTime":1248.0430000000001,"endTime":1253.663,"body":"And these climate prosperity plans are"},{"speaker":"Matt Gray","startTime":1248.0430000000001,"endTime":1253.663,"body":"then the basis for applications for grants"},{"speaker":"Matt Gray","startTime":1254.2430000000002,"endTime":1260.923,"body":"and, loans for, for climate finance,"},{"speaker":"Matt Gray","startTime":1254.2430000000002,"endTime":1260.923,"body":"which is what I alluded to previously."},{"speaker":"Matt Gray","startTime":1261.583,"endTime":1265.323,"body":"And that's a good example, a really"},{"speaker":"Matt Gray","startTime":1261.583,"endTime":1265.323,"body":"good example of our data being used."},{"speaker":"Matt Gray","startTime":1265.703,"endTime":1273.3970000000002,"body":"If we get our data into those"},{"speaker":"Matt Gray","startTime":1265.703,"endTime":1273.3970000000002,"body":"countries, it'll mean that 50%, 15%"},{"speaker":"Matt Gray","startTime":1273.3970000000002,"endTime":1277.497,"body":"of the global population will be"},{"speaker":"Matt Gray","startTime":1273.3970000000002,"endTime":1277.497,"body":"using our data for climate finance."},{"speaker":"Matt Gray","startTime":1277.497,"endTime":1282.467,"body":"And that is one of our, one of our company"},{"speaker":"Matt Gray","startTime":1277.497,"endTime":1282.467,"body":"objectives over the next couple of years"},{"speaker":"Matt Gray","startTime":1282.727,"endTime":1289.332,"body":"is to make sure that our data and models"},{"speaker":"Matt Gray","startTime":1282.727,"endTime":1289.332,"body":"inform those prosperity plans by 2025."},{"speaker":"Tom Raftery","startTime":1290.707,"endTime":1290.997,"body":"Nice."},{"speaker":"Tom Raftery","startTime":1291.1770000000001,"endTime":1294.477,"body":"And what are some other kind"},{"speaker":"Tom Raftery","startTime":1291.1770000000001,"endTime":1294.477,"body":"of key goals that you have?"},{"speaker":"Matt Gray","startTime":1296.462,"endTime":1298.402,"body":"So we have"},{"speaker":"Matt Gray","startTime":1296.462,"endTime":1298.402,"body":"a, a number of goals."},{"speaker":"Matt Gray","startTime":1299.332,"endTime":1302.852,"body":"I think the first step for us"},{"speaker":"Matt Gray","startTime":1299.332,"endTime":1302.852,"body":"is to make sure that we have our"},{"speaker":"Matt Gray","startTime":1303.092,"endTime":1306.5320000000002,"body":"platform up and running, which"},{"speaker":"Matt Gray","startTime":1303.092,"endTime":1306.5320000000002,"body":"we're working towards at the moment."},{"speaker":"Matt Gray","startTime":1306.952,"endTime":1311.395,"body":"And in, in that context, the"},{"speaker":"Matt Gray","startTime":1306.952,"endTime":1311.395,"body":"platform has three components."},{"speaker":"Matt Gray","startTime":1312.2150000000001,"endTime":1318.615,"body":"So there is what we're calling a"},{"speaker":"Matt Gray","startTime":1312.2150000000001,"endTime":1318.615,"body":"results viewer, which will have, key"},{"speaker":"Matt Gray","startTime":1318.895,"endTime":1321.9750000000001,"body":"scenarios for over 160 countries."},{"speaker":"Matt Gray","startTime":1322.035,"endTime":1325.52,"body":"So there will be what we're"},{"speaker":"Matt Gray","startTime":1322.035,"endTime":1325.52,"body":"calling a least cost scenario."},{"speaker":"Matt Gray","startTime":1325.8600000000001,"endTime":1331.51,"body":"So the models just run unconstrained"},{"speaker":"Matt Gray","startTime":1325.8600000000001,"endTime":1331.51,"body":"and deliver the least cost outcome"},{"speaker":"Matt Gray","startTime":1331.81,"endTime":1333.1100000000001,"body":"for the electricity system."},{"speaker":"Matt Gray","startTime":1333.7,"endTime":1338.27,"body":"Then we'll have the current policies"},{"speaker":"Matt Gray","startTime":1333.7,"endTime":1338.27,"body":"scenario, which is a scenario that tries"},{"speaker":"Matt Gray","startTime":1338.27,"endTime":1343.23,"body":"to understand what governments are doing"},{"speaker":"Matt Gray","startTime":1338.27,"endTime":1343.23,"body":"at the moment and what sort of outcome"},{"speaker":"Matt Gray","startTime":1343.23,"endTime":1345.4750000000001,"body":"that's gonna lead to in the future."},{"speaker":"Matt Gray","startTime":1346.415,"endTime":1349.625,"body":"And that helps governments"},{"speaker":"Matt Gray","startTime":1346.415,"endTime":1349.625,"body":"and stakeholders understand"},{"speaker":"Matt Gray","startTime":1349.925,"endTime":1351.345,"body":"the, the ambition gap."},{"speaker":"Matt Gray","startTime":1351.885,"endTime":1356.535,"body":"And then there'll be what we're calling"},{"speaker":"Matt Gray","startTime":1351.885,"endTime":1356.535,"body":"in net zero scenario, so a decarbonized"},{"speaker":"Matt Gray","startTime":1356.895,"endTime":1361.135,"body":"electricity system consistent with the"},{"speaker":"Matt Gray","startTime":1356.895,"endTime":1361.135,"body":"temperature goals in the Paris Agreement."},{"speaker":"Matt Gray","startTime":1361.7150000000001,"endTime":1364.855,"body":"And we'll be providing those"},{"speaker":"Matt Gray","startTime":1361.7150000000001,"endTime":1364.855,"body":"three scenarios off the shelf."},{"speaker":"Matt Gray","startTime":1365.085,"endTime":1370.01,"body":"They'll be available to"},{"speaker":"Matt Gray","startTime":1365.085,"endTime":1370.01,"body":"anyone via an API or a ui."},{"speaker":"Matt Gray","startTime":1370.19,"endTime":1374.21,"body":"And then there'll be what we're calling"},{"speaker":"Matt Gray","startTime":1370.19,"endTime":1374.21,"body":"the data explorer, which will really"},{"speaker":"Matt Gray","startTime":1374.23,"endTime":1377.65,"body":"go to the heart of what I was talking"},{"speaker":"Matt Gray","startTime":1374.23,"endTime":1377.65,"body":"about around the data standards."},{"speaker":"Matt Gray","startTime":1377.65,"endTime":1381.65,"body":"So understanding the provenance"},{"speaker":"Matt Gray","startTime":1377.65,"endTime":1381.65,"body":"of data and how the data is"},{"speaker":"Matt Gray","startTime":1381.89,"endTime":1383.45,"body":"influencing the model results."},{"speaker":"Matt Gray","startTime":1383.8700000000001,"endTime":1387.795,"body":"That will, be another"},{"speaker":"Matt Gray","startTime":1383.8700000000001,"endTime":1387.795,"body":"component of the platform."},{"speaker":"Matt Gray","startTime":1387.895,"endTime":1392.515,"body":"And then lastly, we are doing what we're"},{"speaker":"Matt Gray","startTime":1387.895,"endTime":1392.515,"body":"calling the model builder, which will"},{"speaker":"Matt Gray","startTime":1392.515,"endTime":1398.055,"body":"allow anyone regardless of their level"},{"speaker":"Matt Gray","startTime":1392.515,"endTime":1398.055,"body":"of technical expertise, to come onto our"},{"speaker":"Matt Gray","startTime":1398.535,"endTime":1400.4550000000002,"body":"platform and to create their own model."},{"speaker":"Matt Gray","startTime":1401.702,"endTime":1408.392,"body":"To select their own assumptions, to"},{"speaker":"Matt Gray","startTime":1401.702,"endTime":1408.392,"body":"interact with the platform, to understand"},{"speaker":"Matt Gray","startTime":1408.392,"endTime":1410.392,"body":"what they're trying to optimize for."},{"speaker":"Matt Gray","startTime":1410.5320000000002,"endTime":1413.127,"body":"Is it for fossil fuel volatility?"},{"speaker":"Matt Gray","startTime":1413.267,"endTime":1414.9270000000001,"body":"Is it for phasing out coal plants?"},{"speaker":"Matt Gray","startTime":1415.387,"endTime":1419.867,"body":"And then be able to run that model in"},{"speaker":"Matt Gray","startTime":1415.387,"endTime":1419.867,"body":"real time, which is something both within"},{"speaker":"Matt Gray","startTime":1420.047,"endTime":1423.817,"body":"the public and private sector that is,"},{"speaker":"Matt Gray","startTime":1420.047,"endTime":1423.817,"body":"is not is not available at the moment."},{"speaker":"Matt Gray","startTime":1423.9170000000001,"endTime":1427.857,"body":"So we're really excited about"},{"speaker":"Matt Gray","startTime":1423.9170000000001,"endTime":1427.857,"body":"publishing those, those suites"},{"speaker":"Matt Gray","startTime":1428.117,"endTime":1429.297,"body":"of, of tools in the future."},{"speaker":"Tom Raftery","startTime":1430.877,"endTime":1431.1670000000001,"body":"Okay."},{"speaker":"Tom Raftery","startTime":1431.507,"endTime":1437.967,"body":"And if you were, I mean the, the goal is"},{"speaker":"Tom Raftery","startTime":1431.507,"endTime":1437.967,"body":"to get to net zero, obviously, at, at the"},{"speaker":"Tom Raftery","startTime":1437.967,"endTime":1440.207,"body":"very least, really as soon as possible."},{"speaker":"Tom Raftery","startTime":1440.557,"endTime":1442.967,"body":"What are the main barriers"},{"speaker":"Tom Raftery","startTime":1440.557,"endTime":1442.967,"body":"do you see to getting"},{"speaker":"Matt Gray","startTime":1444.035,"endTime":1449.105,"body":"There's a whole host of"},{"speaker":"Matt Gray","startTime":1444.035,"endTime":1449.105,"body":"barriers to, to, to, to be, to be sure."},{"speaker":"Matt Gray","startTime":1450.005,"endTime":1453.415,"body":"There's, there's technical"},{"speaker":"Matt Gray","startTime":1450.005,"endTime":1453.415,"body":"barriers and then there's political"},{"speaker":"Matt Gray","startTime":1453.415,"endTime":1454.4950000000001,"body":"and institutional barriers."},{"speaker":"Matt Gray","startTime":1455.075,"endTime":1462.2150000000001,"body":"So the, the technical barriers as,"},{"speaker":"Matt Gray","startTime":1455.075,"endTime":1462.2150000000001,"body":"as far as we can see is governments,"},{"speaker":"Matt Gray","startTime":1462.535,"endTime":1469.5720000000001,"body":"corporations and investors will need to"},{"speaker":"Matt Gray","startTime":1462.535,"endTime":1469.5720000000001,"body":"make trade offs about what they want to"},{"speaker":"Matt Gray","startTime":1469.5720000000001,"endTime":1471.5320000000002,"body":"build and when they want to build it."},{"speaker":"Matt Gray","startTime":1472.192,"endTime":1477.692,"body":"So, for instance, we are releasing"},{"speaker":"Matt Gray","startTime":1472.192,"endTime":1477.692,"body":"a big study at COP 28 in Dubai"},{"speaker":"Matt Gray","startTime":1478.66,"endTime":1484.97,"body":"which will be looking at the role of"},{"speaker":"Matt Gray","startTime":1478.66,"endTime":1484.97,"body":"transmission in becoming net zero."},{"speaker":"Matt Gray","startTime":1485.5,"endTime":1490.1000000000001,"body":"So that's a global study across"},{"speaker":"Matt Gray","startTime":1485.5,"endTime":1490.1000000000001,"body":"160 countries looking at how much"},{"speaker":"Matt Gray","startTime":1490.1000000000001,"endTime":1496.17,"body":"transmission needs to be built to"},{"speaker":"Matt Gray","startTime":1490.1000000000001,"endTime":1496.17,"body":"deliver a net zero outcome and how much."},{"speaker":"Tom Raftery","startTime":1496.545,"endTime":1498.155,"body":"just for clarity's"},{"speaker":"Tom Raftery","startTime":1496.545,"endTime":1498.155,"body":"sake, Matt, when you're talking"},{"speaker":"Tom Raftery","startTime":1498.155,"endTime":1499.275,"body":"about transition, sorry."},{"speaker":"Tom Raftery","startTime":1499.275,"endTime":1499.795,"body":"Transmission."},{"speaker":"Tom Raftery","startTime":1500.0700000000002,"endTime":1503.7150000000001,"body":". You're talking about power"},{"speaker":"Tom Raftery","startTime":1500.0700000000002,"endTime":1503.7150000000001,"body":"lines for getting power from"},{"speaker":"Tom Raftery","startTime":1503.7150000000001,"endTime":1504.9550000000002,"body":"generation to consumption,"},{"speaker":"Matt Gray","startTime":1505.805,"endTime":1506.265,"body":"The grid."},{"speaker":"Matt Gray","startTime":1506.365,"endTime":1507.2250000000001,"body":"The grid, exactly."},{"speaker":"Matt Gray","startTime":1507.4450000000002,"endTime":1509.025,"body":"And the grid consists of two things."},{"speaker":"Matt Gray","startTime":1509.095,"endTime":1514.835,"body":"There's the transmission grid,"},{"speaker":"Matt Gray","startTime":1509.095,"endTime":1514.835,"body":"which is the big cables which"},{"speaker":"Matt Gray","startTime":1514.835,"endTime":1517.115,"body":"you, you see sometimes when"},{"speaker":"Matt Gray","startTime":1514.835,"endTime":1517.115,"body":"you're driving down the road."},{"speaker":"Matt Gray","startTime":1517.175,"endTime":1520.315,"body":"And then there's the distribution grid,"},{"speaker":"Matt Gray","startTime":1517.175,"endTime":1520.315,"body":"which are the, the small cables, which you"},{"speaker":"Matt Gray","startTime":1520.315,"endTime":1521.9950000000001,"body":"see when you're walking down the street."},{"speaker":"Matt Gray","startTime":1522.415,"endTime":1525.395,"body":"That's the, the crudest way of"},{"speaker":"Matt Gray","startTime":1522.415,"endTime":1525.395,"body":"talking about the grid, which is,"},{"speaker":"Matt Gray","startTime":1525.405,"endTime":1527.035,"body":"which is quite a complex topic."},{"speaker":"Matt Gray","startTime":1527.78,"endTime":1528.8400000000001,"body":"But yeah, back to that study."},{"speaker":"Matt Gray","startTime":1529.02,"endTime":1532.1200000000001,"body":"So that study's gonna look at Yeah,"},{"speaker":"Matt Gray","startTime":1529.02,"endTime":1532.1200000000001,"body":"how much transmission needs to be"},{"speaker":"Matt Gray","startTime":1532.1200000000001,"endTime":1536.1200000000001,"body":"built and, and crucially, how much"},{"speaker":"Matt Gray","startTime":1532.1200000000001,"endTime":1536.1200000000001,"body":"money can governments save if they"},{"speaker":"Matt Gray","startTime":1536.1200000000001,"endTime":1540.96,"body":"pursue transmission investments in a"},{"speaker":"Matt Gray","startTime":1536.1200000000001,"endTime":1540.96,"body":"manner are consistent with net zero."},{"speaker":"Matt Gray","startTime":1541.7,"endTime":1545.76,"body":"And the results of that study"},{"speaker":"Matt Gray","startTime":1541.7,"endTime":1545.76,"body":"show that 3 trillion can be saved"},{"speaker":"Matt Gray","startTime":1546.42,"endTime":1548.48,"body":"if those investments are made."},{"speaker":"Matt Gray","startTime":1548.9,"endTime":1554.323,"body":"But back to my point about trade-offs"},{"speaker":"Matt Gray","startTime":1548.9,"endTime":1554.323,"body":"and decisions, a decision to not"},{"speaker":"Matt Gray","startTime":1554.403,"endTime":1560.0430000000001,"body":"invest in the grid is a decision to"},{"speaker":"Matt Gray","startTime":1554.403,"endTime":1560.0430000000001,"body":"invest in not only more capacity."},{"speaker":"Matt Gray","startTime":1560.683,"endTime":1565.343,"body":"So more power, more power plants"},{"speaker":"Matt Gray","startTime":1560.683,"endTime":1565.343,"body":"but also a decision to invest in"},{"speaker":"Matt Gray","startTime":1565.943,"endTime":1568.183,"body":"a different type of capacity too."},{"speaker":"Matt Gray","startTime":1568.2430000000002,"endTime":1572.823,"body":"And what I mean by that is if you"},{"speaker":"Matt Gray","startTime":1568.2430000000002,"endTime":1572.823,"body":"don't build out the grid or modernize"},{"speaker":"Matt Gray","startTime":1572.843,"endTime":1575.863,"body":"the grid, you won't be able to take"},{"speaker":"Matt Gray","startTime":1572.843,"endTime":1575.863,"body":"advantage of some of these low cost"},{"speaker":"Matt Gray","startTime":1575.863,"endTime":1577.663,"body":"technologies like wind and solar."},{"speaker":"Matt Gray","startTime":1578.0430000000001,"endTime":1583.473,"body":"You'll have to rely on some of the more"},{"speaker":"Matt Gray","startTime":1578.0430000000001,"endTime":1583.473,"body":"traditional carbon free technologies like"},{"speaker":"Matt Gray","startTime":1583.5030000000002,"endTime":1586.353,"body":"nuclear, hydro, and biomass for instance."},{"speaker":"Matt Gray","startTime":1586.613,"endTime":1590.553,"body":"And that, again, is, is a trade off"},{"speaker":"Matt Gray","startTime":1586.613,"endTime":1590.553,"body":"that governments will have to make."},{"speaker":"Matt Gray","startTime":1590.573,"endTime":1594.893,"body":"And that's something that governments"},{"speaker":"Matt Gray","startTime":1590.573,"endTime":1594.893,"body":"I don't think fully appreciate as"},{"speaker":"Matt Gray","startTime":1594.893,"endTime":1596.5330000000001,"body":"we make this transition to net zero."},{"speaker":"Matt Gray","startTime":1597.153,"endTime":1600.2530000000002,"body":"So that's sort of the technical"},{"speaker":"Matt Gray","startTime":1597.153,"endTime":1600.2530000000002,"body":"component as far as I can see."},{"speaker":"Matt Gray","startTime":1600.7930000000001,"endTime":1604.733,"body":"And then there's the, the institutional"},{"speaker":"Matt Gray","startTime":1600.7930000000001,"endTime":1604.733,"body":"political component, which is currently"},{"speaker":"Matt Gray","startTime":1604.733,"endTime":1606.483,"body":"we're just not moving fast enough."},{"speaker":"Matt Gray","startTime":1607.0230000000001,"endTime":1608.973,"body":"Again, back to back to transmission."},{"speaker":"Matt Gray","startTime":1609.393,"endTime":1613.4930000000002,"body":"On average it takes about 13 years"},{"speaker":"Matt Gray","startTime":1609.393,"endTime":1613.4930000000002,"body":"to get transmission lines built."},{"speaker":"Matt Gray","startTime":1613.9930000000002,"endTime":1618.5,"body":"So to go from concept to,"},{"speaker":"Matt Gray","startTime":1613.9930000000002,"endTime":1618.5,"body":"having it connected to the grid."},{"speaker":"Matt Gray","startTime":1618.73,"endTime":1620.8200000000002,"body":"Clearly that's not fast enough."},{"speaker":"Matt Gray","startTime":1620.8200000000002,"endTime":1625.98,"body":"If you look at the IEA's Net Zero"},{"speaker":"Matt Gray","startTime":1620.8200000000002,"endTime":1625.98,"body":"Scenario, which says a decarbonized"},{"speaker":"Matt Gray","startTime":1626.5,"endTime":1633.47,"body":"electricity grid by 2040, 13 years"},{"speaker":"Matt Gray","startTime":1626.5,"endTime":1633.47,"body":"assuming we start today is nearly, is"},{"speaker":"Matt Gray","startTime":1633.47,"endTime":1636.3500000000001,"body":"getting, is getting quite close to, 2040."},{"speaker":"Matt Gray","startTime":1636.81,"endTime":1643.99,"body":"So we need to really increase our"},{"speaker":"Matt Gray","startTime":1636.81,"endTime":1643.99,"body":"efforts around how we organize markets"},{"speaker":"Matt Gray","startTime":1644.21,"endTime":1650.71,"body":"to get the incentive right and how"},{"speaker":"Matt Gray","startTime":1644.21,"endTime":1650.71,"body":"we, I think, bring the rest of society"},{"speaker":"Matt Gray","startTime":1650.74,"endTime":1652.55,"body":"with us as we make this transition."},{"speaker":"Matt Gray","startTime":1652.77,"endTime":1657.405,"body":"So one of the main reasons why"},{"speaker":"Matt Gray","startTime":1652.77,"endTime":1657.405,"body":"transmission doesn't get built."},{"speaker":"Matt Gray","startTime":1657.515,"endTime":1659.405,"body":"It's because of nimbyism."},{"speaker":"Matt Gray","startTime":1659.6950000000002,"endTime":1663.2050000000002,"body":"People don't like, some of, don't"},{"speaker":"Matt Gray","startTime":1659.6950000000002,"endTime":1663.2050000000002,"body":"like looking at the stuff when"},{"speaker":"Matt Gray","startTime":1663.635,"endTime":1665.325,"body":"it's right outside their backyard."},{"speaker":"Matt Gray","startTime":1665.585,"endTime":1671.558,"body":"So how do we incentivize those"},{"speaker":"Matt Gray","startTime":1665.585,"endTime":1671.558,"body":"people, to want to have those,"},{"speaker":"Matt Gray","startTime":1671.8880000000001,"endTime":1674.238,"body":"those, that infrastructure near them."},{"speaker":"Matt Gray","startTime":1674.3680000000002,"endTime":1675.488,"body":"There is a lot of options."},{"speaker":"Matt Gray","startTime":1675.548,"endTime":1680.288,"body":"You see some really encouraging things"},{"speaker":"Matt Gray","startTime":1675.548,"endTime":1680.288,"body":"in countries like Greece, where if"},{"speaker":"Matt Gray","startTime":1680.288,"endTime":1684.3680000000002,"body":"you have a solar plant next to you,"},{"speaker":"Matt Gray","startTime":1680.288,"endTime":1684.3680000000002,"body":"you get a share of the revenue."},{"speaker":"Matt Gray","startTime":1684.6680000000001,"endTime":1687.328,"body":"And I think these are the sort of the"},{"speaker":"Matt Gray","startTime":1684.6680000000001,"endTime":1687.328,"body":"innovations that we're gonna need to"},{"speaker":"Matt Gray","startTime":1687.348,"endTime":1690.288,"body":"see to bring everyone along with us."},{"speaker":"Matt Gray","startTime":1690.748,"endTime":1694.768,"body":"And the same applies to this"},{"speaker":"Matt Gray","startTime":1690.748,"endTime":1694.768,"body":"concept of the just transition as"},{"speaker":"Matt Gray","startTime":1694.768,"endTime":1698.288,"body":"well, which is as we transition,"},{"speaker":"Matt Gray","startTime":1694.768,"endTime":1698.288,"body":"there'll be winners and losers."},{"speaker":"Matt Gray","startTime":1698.593,"endTime":1703.403,"body":"Those who are working for the fossil"},{"speaker":"Matt Gray","startTime":1698.593,"endTime":1703.403,"body":"fuel sector will lose their job."},{"speaker":"Matt Gray","startTime":1703.823,"endTime":1709.643,"body":"And if we don't create a positive"},{"speaker":"Matt Gray","startTime":1703.823,"endTime":1709.643,"body":"future for them and their careers,"},{"speaker":"Matt Gray","startTime":1709.643,"endTime":1713.083,"body":"that they're instinctively"},{"speaker":"Matt Gray","startTime":1709.643,"endTime":1713.083,"body":"gonna hold up the transition."},{"speaker":"Matt Gray","startTime":1713.623,"endTime":1717.797,"body":"And that, you know, that is something"},{"speaker":"Matt Gray","startTime":1713.623,"endTime":1717.797,"body":"we can't afford either because we"},{"speaker":"Matt Gray","startTime":1717.797,"endTime":1721.1570000000002,"body":"won't be, we won't be aligned with the"},{"speaker":"Matt Gray","startTime":1717.797,"endTime":1721.1570000000002,"body":"temperature goals and the Paris agreement."},{"speaker":"Tom Raftery","startTime":1722.422,"endTime":1723.112,"body":"Sure, sure."},{"speaker":"Tom Raftery","startTime":1723.612,"endTime":1727.832,"body":"I'd like to dig into a little bit more the"},{"speaker":"Tom Raftery","startTime":1723.612,"endTime":1727.832,"body":"point you were making about transmission."},{"speaker":"Tom Raftery","startTime":1728.5320000000002,"endTime":1735.492,"body":"So you said we could save up to $3"},{"speaker":"Tom Raftery","startTime":1728.5320000000002,"endTime":1735.492,"body":"trillion by increasing transmission."},{"speaker":"Tom Raftery","startTime":1736.182,"endTime":1741.622,"body":"I guess just as a quick 101, why is"},{"speaker":"Tom Raftery","startTime":1736.182,"endTime":1741.622,"body":"it important to increase transmission?"},{"speaker":"Tom Raftery","startTime":1741.642,"endTime":1744.8220000000001,"body":"Is it because we are decentralizing"},{"speaker":"Tom Raftery","startTime":1741.642,"endTime":1744.8220000000001,"body":"our generation sources?"},{"speaker":"Tom Raftery","startTime":1744.952,"endTime":1748.0220000000002,"body":"We're using more renewables, so we"},{"speaker":"Tom Raftery","startTime":1744.952,"endTime":1748.0220000000002,"body":"need more power lines to get to more"},{"speaker":"Tom Raftery","startTime":1748.2820000000002,"endTime":1750.3020000000001,"body":"to more diverse generation sources."},{"speaker":"Tom Raftery","startTime":1750.922,"endTime":1755.222,"body":"And how is that gonna, how is investing"},{"speaker":"Tom Raftery","startTime":1750.922,"endTime":1755.222,"body":"in transmission gonna save us $3 trillion?"},{"speaker":"Matt Gray","startTime":1757.027,"endTime":1759.9470000000001,"body":"Yeah, so I, I"},{"speaker":"Matt Gray","startTime":1757.027,"endTime":1759.9470000000001,"body":"guess just to, talk about how"},{"speaker":"Matt Gray","startTime":1759.967,"endTime":1762.592,"body":"we, put that study together."},{"speaker":"Matt Gray","startTime":1763.078,"endTime":1767.088,"body":"It's scenario analysis, which is again,"},{"speaker":"Matt Gray","startTime":1763.078,"endTime":1767.088,"body":"a, a feature of systems modeling."},{"speaker":"Matt Gray","startTime":1767.788,"endTime":1772.208,"body":"You try and understand or you"},{"speaker":"Matt Gray","startTime":1767.788,"endTime":1772.208,"body":"create constraints within the"},{"speaker":"Matt Gray","startTime":1772.208,"endTime":1776.563,"body":"model to see what that does to"},{"speaker":"Matt Gray","startTime":1772.208,"endTime":1776.563,"body":"the energy system over the future."},{"speaker":"Matt Gray","startTime":1777.103,"endTime":1781.963,"body":"So the two scenarios that we created,"},{"speaker":"Matt Gray","startTime":1777.103,"endTime":1781.963,"body":"one was the, the, the rapid build"},{"speaker":"Matt Gray","startTime":1781.963,"endTime":1787.087,"body":"out of transmission, to be net zero"},{"speaker":"Matt Gray","startTime":1781.963,"endTime":1787.087,"body":"aligned in a manner consistent with"},{"speaker":"Matt Gray","startTime":1787.087,"endTime":1792.127,"body":"the IEA's Net Zero Scenario, which"},{"speaker":"Matt Gray","startTime":1787.087,"endTime":1792.127,"body":"is complete decarbonization by 2040."},{"speaker":"Matt Gray","startTime":1792.547,"endTime":1795.51,"body":"The other one was no"},{"speaker":"Matt Gray","startTime":1792.547,"endTime":1795.51,"body":"transmission being built."},{"speaker":"Matt Gray","startTime":1796.05,"endTime":1798.51,"body":"So it's, it's just"},{"speaker":"Matt Gray","startTime":1796.05,"endTime":1798.51,"body":"contrasting those scenarios."},{"speaker":"Matt Gray","startTime":1798.68,"endTime":1803.78,"body":"And what we found was the, the cost"},{"speaker":"Matt Gray","startTime":1798.68,"endTime":1803.78,"body":"of electricity in the no transmission"},{"speaker":"Matt Gray","startTime":1804.1000000000001,"endTime":1809.56,"body":"scenario was a lot higher than in the"},{"speaker":"Matt Gray","startTime":1804.1000000000001,"endTime":1809.56,"body":"scenario where transmission is built out."},{"speaker":"Matt Gray","startTime":1810.06,"endTime":1814.48,"body":"But to, to answer your question"},{"speaker":"Matt Gray","startTime":1810.06,"endTime":1814.48,"body":"around, why transmission is important"},{"speaker":"Matt Gray","startTime":1815.0900000000001,"endTime":1816.3700000000001,"body":"there's a, there's a couple of reasons."},{"speaker":"Matt Gray","startTime":1817.143,"endTime":1822.448,"body":"The first is, our transmission"},{"speaker":"Matt Gray","startTime":1817.143,"endTime":1822.448,"body":"grids have been overlooked,"},{"speaker":"Matt Gray","startTime":1822.968,"endTime":1825.248,"body":"I think for a long time now."},{"speaker":"Matt Gray","startTime":1825.308,"endTime":1829.208,"body":"So this is aging infrastructure"},{"speaker":"Matt Gray","startTime":1825.308,"endTime":1829.208,"body":"that just hasn't been invested in."},{"speaker":"Matt Gray","startTime":1829.748,"endTime":1832.818,"body":"Those investments need to be made anyway."},{"speaker":"Matt Gray","startTime":1833.478,"endTime":1835.818,"body":"And there's a whole host of"},{"speaker":"Matt Gray","startTime":1833.478,"endTime":1835.818,"body":"reasons why those investments"},{"speaker":"Matt Gray","startTime":1835.818,"endTime":1836.8980000000001,"body":"haven't been made to date."},{"speaker":"Matt Gray","startTime":1837.498,"endTime":1845.7530000000002,"body":"I think if you think about the investments"},{"speaker":"Matt Gray","startTime":1837.498,"endTime":1845.7530000000002,"body":"in electricity over the last decade or so,"},{"speaker":"Matt Gray","startTime":1845.823,"endTime":1848.233,"body":"most of it's been on the generation side."},{"speaker":"Matt Gray","startTime":1848.813,"endTime":1854.223,"body":"And the reason why investors have targeted"},{"speaker":"Matt Gray","startTime":1848.813,"endTime":1854.223,"body":"generation is, is for a bunch of reasons."},{"speaker":"Matt Gray","startTime":1854.923,"endTime":1860.2430000000002,"body":"So renewable energy levels as"},{"speaker":"Matt Gray","startTime":1854.923,"endTime":1860.2430000000002,"body":"a percentage of total power"},{"speaker":"Matt Gray","startTime":1860.2430000000002,"endTime":1861.803,"body":"generation have been quite low."},{"speaker":"Matt Gray","startTime":1862.463,"endTime":1868.433,"body":"So, the IEA says that you don't really"},{"speaker":"Matt Gray","startTime":1862.463,"endTime":1868.433,"body":"need to make grid investments if renewable"},{"speaker":"Matt Gray","startTime":1868.433,"endTime":1873.518,"body":"energy investments, or sorry, if renewable"},{"speaker":"Matt Gray","startTime":1868.433,"endTime":1873.518,"body":"energy generation as a percentage of total"},{"speaker":"Matt Gray","startTime":1873.518,"endTime":1878.838,"body":"generation is below about 5%, you don't"},{"speaker":"Matt Gray","startTime":1873.518,"endTime":1878.838,"body":"need to make any investments in the grid."},{"speaker":"Matt Gray","startTime":1878.8980000000001,"endTime":1882.038,"body":"You can just make simple"},{"speaker":"Matt Gray","startTime":1878.8980000000001,"endTime":1882.038,"body":"operational decisions and that will"},{"speaker":"Matt Gray","startTime":1882.308,"endTime":1883.9180000000001,"body":"integrate that renewable energy."},{"speaker":"Matt Gray","startTime":1884.298,"endTime":1888.1180000000002,"body":"So that's, that's one reason why"},{"speaker":"Matt Gray","startTime":1884.298,"endTime":1888.1180000000002,"body":"people, why governments haven't"},{"speaker":"Matt Gray","startTime":1888.1180000000002,"endTime":1889.078,"body":"been investing in the grid."},{"speaker":"Matt Gray","startTime":1889.078,"endTime":1894.018,"body":"Another reason is, until recently,"},{"speaker":"Matt Gray","startTime":1889.078,"endTime":1894.018,"body":"electricity demand was has been stagnant."},{"speaker":"Matt Gray","startTime":1894.3980000000001,"endTime":1900.8680000000002,"body":"So many markets, particularly in OECD"},{"speaker":"Matt Gray","startTime":1894.3980000000001,"endTime":1900.8680000000002,"body":"markets, so, the US and Europe electricity"},{"speaker":"Matt Gray","startTime":1900.8680000000002,"endTime":1902.308,"body":"demand simply hasn't been growing."},{"speaker":"Matt Gray","startTime":1902.968,"endTime":1906.9080000000001,"body":"That's obviously changing with the"},{"speaker":"Matt Gray","startTime":1902.968,"endTime":1906.9080000000001,"body":"electrification of other sectors."},{"speaker":"Matt Gray","startTime":1906.968,"endTime":1912.228,"body":"So electric vehicles and transport"},{"speaker":"Matt Gray","startTime":1906.968,"endTime":1912.228,"body":"and heat pumps and buildings."},{"speaker":"Matt Gray","startTime":1912.848,"endTime":1913.8880000000001,"body":"That's another reason."},{"speaker":"Matt Gray","startTime":1914.278,"endTime":1920.808,"body":"And then I think within that, we've seen"},{"speaker":"Matt Gray","startTime":1914.278,"endTime":1920.808,"body":"this, the, the rise of battery storage."},{"speaker":"Matt Gray","startTime":1921.548,"endTime":1928.1680000000001,"body":"So battery storage is unique in the"},{"speaker":"Matt Gray","startTime":1921.548,"endTime":1928.1680000000001,"body":"sense that it provides a role that allows"},{"speaker":"Matt Gray","startTime":1928.1680000000001,"endTime":1931.8220000000001,"body":"you to, delay investments in the grid."},{"speaker":"Matt Gray","startTime":1932.222,"endTime":1938.367,"body":"'cause if you put a storage facility"},{"speaker":"Matt Gray","startTime":1932.222,"endTime":1938.367,"body":"in an electricity system, it'll"},{"speaker":"Matt Gray","startTime":1938.747,"endTime":1941.327,"body":"reduce congestion issues in the grid."},{"speaker":"Matt Gray","startTime":1941.4270000000001,"endTime":1945.007,"body":"And one of the reasons why you want"},{"speaker":"Matt Gray","startTime":1941.4270000000001,"endTime":1945.007,"body":"to make investments in the grid is to"},{"speaker":"Matt Gray","startTime":1945.057,"endTime":1947.087,"body":"avoid, avoid those congestion issues."},{"speaker":"Matt Gray","startTime":1947.1470000000002,"endTime":1952.807,"body":"So you're getting the, the supply of"},{"speaker":"Matt Gray","startTime":1947.1470000000002,"endTime":1952.807,"body":"electricity to the demand centers."},{"speaker":"Matt Gray","startTime":1953.547,"endTime":1958.827,"body":"And then lastly, the reason why I"},{"speaker":"Matt Gray","startTime":1953.547,"endTime":1958.827,"body":"think investments in the grid haven't"},{"speaker":"Matt Gray","startTime":1958.827,"endTime":1961.827,"body":"really been happening at scale is"},{"speaker":"Matt Gray","startTime":1958.827,"endTime":1961.827,"body":"because they're regulated monopolies."},{"speaker":"Matt Gray","startTime":1962.487,"endTime":1962.707,"body":"So,"},{"speaker":"Tom Raftery","startTime":1962.7720000000002,"endTime":1962.852,"body":"hmm."},{"speaker":"Matt Gray","startTime":1964.903,"endTime":1968.933,"body":"generation, I think, at"},{"speaker":"Matt Gray","startTime":1964.903,"endTime":1968.933,"body":"least in Europe and a number of parts"},{"speaker":"Matt Gray","startTime":1969.113,"endTime":1975.6670000000001,"body":"of the US has been deregulated in"},{"speaker":"Matt Gray","startTime":1969.113,"endTime":1975.6670000000001,"body":"the sense that if you're an investor"},{"speaker":"Matt Gray","startTime":1975.6670000000001,"endTime":1981.587,"body":"or if you're a corporate, you can,"},{"speaker":"Matt Gray","startTime":1975.6670000000001,"endTime":1981.587,"body":"you can, you can invest in and get"},{"speaker":"Matt Gray","startTime":1981.827,"endTime":1983.867,"body":"involved in renewable energy generation."},{"speaker":"Matt Gray","startTime":1984.007,"endTime":1989.518,"body":"So if, if you are a corporation, you"},{"speaker":"Matt Gray","startTime":1984.007,"endTime":1989.518,"body":"can, sign a power purchase agreement to"},{"speaker":"Matt Gray","startTime":1989.518,"endTime":1991.998,"body":"get a utility to sell you electricity."},{"speaker":"Matt Gray","startTime":1992.6180000000002,"endTime":1995.758,"body":"And you know, the, the, the"},{"speaker":"Matt Gray","startTime":1992.6180000000002,"endTime":1995.758,"body":"same applies for investors."},{"speaker":"Matt Gray","startTime":1995.938,"endTime":2000.198,"body":"You can become an asset manager and, and"},{"speaker":"Matt Gray","startTime":1995.938,"endTime":2000.198,"body":"directly invest in these, in these assets."},{"speaker":"Matt Gray","startTime":2000.818,"endTime":2003.708,"body":"That deregulation never"},{"speaker":"Matt Gray","startTime":2000.818,"endTime":2003.708,"body":"happened to the grid."},{"speaker":"Matt Gray","startTime":2004.188,"endTime":2007.0330000000001,"body":"I think there's, there's,"},{"speaker":"Matt Gray","startTime":2004.188,"endTime":2007.0330000000001,"body":"very good reasons for that."},{"speaker":"Matt Gray","startTime":2007.2530000000002,"endTime":2011.413,"body":"It is because they are large, they're"},{"speaker":"Matt Gray","startTime":2007.2530000000002,"endTime":2011.413,"body":"complex, and you don't want many actors"},{"speaker":"Matt Gray","startTime":2011.603,"endTime":2015.093,"body":"tinkering with these things because"},{"speaker":"Matt Gray","startTime":2011.603,"endTime":2015.093,"body":"there'll be brownouts and blackouts, which"},{"speaker":"Matt Gray","startTime":2015.113,"endTime":2018.5430000000001,"body":"is obviously politically unacceptable."},{"speaker":"Matt Gray","startTime":2019.0030000000002,"endTime":2022.5030000000002,"body":"So I think those are the, those"},{"speaker":"Matt Gray","startTime":2019.0030000000002,"endTime":2022.5030000000002,"body":"are the reasons why there hasn't"},{"speaker":"Matt Gray","startTime":2022.703,"endTime":2026.223,"body":"been investments in the grid and"},{"speaker":"Matt Gray","startTime":2022.703,"endTime":2026.223,"body":"the reason why grid investments"},{"speaker":"Matt Gray","startTime":2026.223,"endTime":2027.583,"body":"have been, have been overlooked."},{"speaker":"Tom Raftery","startTime":2029.1380000000001,"endTime":2029.338,"body":"Interesting."},{"speaker":"Tom Raftery","startTime":2029.688,"endTime":2030.698,"body":"Okay, cool, cool."},{"speaker":"Tom Raftery","startTime":2031.358,"endTime":2034.338,"body":"You mentioned you're"},{"speaker":"Tom Raftery","startTime":2031.358,"endTime":2034.338,"body":"going to COP in Dubai."},{"speaker":"Tom Raftery","startTime":2034.568,"endTime":2036.098,"body":"What are you expecting to get outta that?"},{"speaker":"Matt Gray","startTime":2037.518,"endTime":2040.3780000000002,"body":"So we want to"},{"speaker":"Matt Gray","startTime":2037.518,"endTime":2040.3780000000002,"body":"launch our analysis, which"},{"speaker":"Matt Gray","startTime":2040.438,"endTime":2041.778,"body":"we are really excited about."},{"speaker":"Matt Gray","startTime":2042.403,"endTime":2045.567,"body":"That analysis we think is coming"},{"speaker":"Matt Gray","startTime":2042.403,"endTime":2045.567,"body":"at, at a really good time."},{"speaker":"Matt Gray","startTime":2046.453,"endTime":2049.493,"body":"Everyone's talking about the"},{"speaker":"Matt Gray","startTime":2046.453,"endTime":2049.493,"body":"grid and grid investments."},{"speaker":"Matt Gray","startTime":2050.063,"endTime":2055.073,"body":"There's this big push for a threefold"},{"speaker":"Matt Gray","startTime":2050.063,"endTime":2055.073,"body":"increase in renewable energy."},{"speaker":"Matt Gray","startTime":2055.683,"endTime":2059.863,"body":"And I think contingent to that,"},{"speaker":"Matt Gray","startTime":2055.683,"endTime":2059.863,"body":"threefold in increase in renewable"},{"speaker":"Matt Gray","startTime":2059.863,"endTime":2062.543,"body":"energy is the need to invest in grids."},{"speaker":"Matt Gray","startTime":2062.883,"endTime":2063.703,"body":"You won't be able to."},{"speaker":"Matt Gray","startTime":2064.433,"endTime":2068.423,"body":"buIld out that amount of renewable"},{"speaker":"Matt Gray","startTime":2064.433,"endTime":2068.423,"body":"energy if you don't do that, because"},{"speaker":"Matt Gray","startTime":2068.883,"endTime":2072.753,"body":"there simply won't be a way of"},{"speaker":"Matt Gray","startTime":2068.883,"endTime":2072.753,"body":"connecting that amount of capacity"},{"speaker":"Matt Gray","startTime":2073.263,"endTime":2077.023,"body":"without breaking the, the electric grid."},{"speaker":"Matt Gray","startTime":2077.363,"endTime":2080.9030000000002,"body":"So that's something that we're really"},{"speaker":"Matt Gray","startTime":2077.363,"endTime":2080.9030000000002,"body":"excited about and we are, we are"},{"speaker":"Matt Gray","startTime":2080.9030000000002,"endTime":2085.48,"body":"looking forward to engaging, with"},{"speaker":"Matt Gray","startTime":2080.9030000000002,"endTime":2085.48,"body":"governments with regards to that report."},{"speaker":"Tom Raftery","startTime":2086.635,"endTime":2086.925,"body":"Cool."},{"speaker":"Tom Raftery","startTime":2087.1150000000002,"endTime":2087.405,"body":"Cool."},{"speaker":"Tom Raftery","startTime":2088.215,"endTime":2090.885,"body":"We're coming towards the"},{"speaker":"Tom Raftery","startTime":2088.215,"endTime":2090.885,"body":"end of the podcast now."},{"speaker":"Tom Raftery","startTime":2090.885,"endTime":2091.165,"body":"Matt."},{"speaker":"Tom Raftery","startTime":2091.225,"endTime":2096.205,"body":"Is there any question I haven't asked that"},{"speaker":"Tom Raftery","startTime":2091.225,"endTime":2096.205,"body":"you wish I had or any aspect of this we"},{"speaker":"Tom Raftery","startTime":2096.205,"endTime":2098.775,"body":"haven't touched on that you think it's"},{"speaker":"Tom Raftery","startTime":2096.205,"endTime":2098.775,"body":"important for people to be aware of?"},{"speaker":"Matt Gray","startTime":2098.775,"endTime":2104.513,"body":"No, I don't think so, other"},{"speaker":"Matt Gray","startTime":2098.775,"endTime":2104.513,"body":"than if you are interested in our work you"},{"speaker":"Matt Gray","startTime":2104.513,"endTime":2110.353,"body":"want to find out more about our analysis"},{"speaker":"Matt Gray","startTime":2104.513,"endTime":2110.353,"body":"or you would like access to our data"},{"speaker":"Matt Gray","startTime":2110.373,"endTime":2115.107,"body":"and tools, then, you know, feel free to"},{"speaker":"Matt Gray","startTime":2110.373,"endTime":2115.107,"body":"to, to get in touch with us at any time."},{"speaker":"Tom Raftery","startTime":2116.387,"endTime":2116.677,"body":"Cool."},{"speaker":"Tom Raftery","startTime":2116.7870000000003,"endTime":2120.0370000000003,"body":"That leads me nicely into my final"},{"speaker":"Tom Raftery","startTime":2116.7870000000003,"endTime":2120.0370000000003,"body":"question, of course, Matt, which"},{"speaker":"Tom Raftery","startTime":2120.0370000000003,"endTime":2123.597,"body":"is, if people would like to know"},{"speaker":"Tom Raftery","startTime":2120.0370000000003,"endTime":2123.597,"body":"more about yourself or any of the"},{"speaker":"Tom Raftery","startTime":2123.597,"endTime":2127.337,"body":"topics we discussed on the podcast,"},{"speaker":"Tom Raftery","startTime":2123.597,"endTime":2127.337,"body":"where would you have me direct them?"},{"speaker":"Matt Gray","startTime":2128.312,"endTime":2131.122,"body":"Website,"},{"speaker":"Matt Gray","startTime":2128.312,"endTime":2131.122,"body":"LinkedIn, Twitter, or X."},{"speaker":"Matt Gray","startTime":2131.372,"endTime":2138.092,"body":"You can, you can find us across those"},{"speaker":"Matt Gray","startTime":2131.372,"endTime":2138.092,"body":"social platforms or yeah, just use"},{"speaker":"Matt Gray","startTime":2138.092,"endTime":2139.852,"body":"the old school email if you want to as"},{"speaker":"Matt Gray","startTime":2139.852,"endTime":2139.972,"body":"well."},{"speaker":"Tom Raftery","startTime":2140.817,"endTime":2141.387,"body":"Okay, cool."},{"speaker":"Tom Raftery","startTime":2141.817,"endTime":2144.627,"body":"I'll put those links in the show notes,"},{"speaker":"Tom Raftery","startTime":2141.817,"endTime":2144.627,"body":"Matt, so everyone has access to them."},{"speaker":"Tom Raftery","startTime":2144.927,"endTime":2146.987,"body":"Thanks and million for coming"},{"speaker":"Tom Raftery","startTime":2144.927,"endTime":2146.987,"body":"on the podcast today, Matt."},{"speaker":"Tom Raftery","startTime":2146.987,"endTime":2147.747,"body":"It's been fascinating."},{"speaker":"Matt Gray","startTime":2148.032,"endTime":2148.812,"body":"Thanks, Tom."},{"speaker":"Matt Gray","startTime":2148.812,"endTime":2149.4120000000003,"body":"Appreciate it."},{"speaker":"Tom Raftery","startTime":2150.714,"endTime":2152.584,"body":"Okay, we've"},{"speaker":"Tom Raftery","startTime":2150.714,"endTime":2152.584,"body":"come to the end of the show."},{"speaker":"Tom Raftery","startTime":2153.304,"endTime":2154.414,"body":"Thanks everyone for listening."},{"speaker":"Tom Raftery","startTime":2155.274,"endTime":2159.424,"body":"If you'd like to know more about the"},{"speaker":"Tom Raftery","startTime":2155.274,"endTime":2159.424,"body":"Climate Confident podcast, feel free to"},{"speaker":"Tom Raftery","startTime":2159.434,"endTime":2163.344,"body":"drop me an email to tomraftery at outlook."},{"speaker":"Tom Raftery","startTime":2163.594,"endTime":2167.074,"body":"com or message me on LinkedIn or Twitter."},{"speaker":"Tom Raftery","startTime":2167.6440000000002,"endTime":2171.384,"body":"If you like the show, please don't"},{"speaker":"Tom Raftery","startTime":2167.6440000000002,"endTime":2171.384,"body":"forget to click follow on it in your"},{"speaker":"Tom Raftery","startTime":2171.404,"endTime":2175.884,"body":"podcast application of choice to get new"},{"speaker":"Tom Raftery","startTime":2171.404,"endTime":2175.884,"body":"episodes as soon as they're published."},{"speaker":"Tom Raftery","startTime":2176.514,"endTime":2179.474,"body":"Also, please don't forget to"},{"speaker":"Tom Raftery","startTime":2176.514,"endTime":2179.474,"body":"rate and review the podcast."},{"speaker":"Tom Raftery","startTime":2179.674,"endTime":2182.204,"body":"It really does help new"},{"speaker":"Tom Raftery","startTime":2179.674,"endTime":2182.204,"body":"people to find the show."},{"speaker":"Tom Raftery","startTime":2183.294,"endTime":2183.744,"body":"Thanks."},{"speaker":"Tom Raftery","startTime":2184.414,"endTime":2185.334,"body":"Catch you all next time."}]}