King Charles attended a Sustainable Markets Initiative discussion with Governor-General Sam Mostyn at Admiralty House in Sydney. The meeting was one of His Majesty's final engagements during his 16th visit to the country. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00But of course, one of the great topics for modern Australia is our future, the planet's
00:16future, the nature's future, and we've had an extraordinary finance, insurance, superannuation,
00:22nature, industries, for the work that you've led with the sustainable markets.
00:28It's my enthusiasm in this room, it's my unenviable task to give you a very, very brief
00:32snapshot of what we discussed with our visitors from Arnhem Land on the indigenous fire matters,
00:40because that is an important matter for you to hear about, and it was generally agreed
00:43by every person in this room, and that the SMI offers that, but also for Australian leaders
00:48to work together faster is one of the brackets for all Australians, and that we need to make
00:53sure that real zero is pushed forward, not just net zero, and that proper targets are
00:57set, that are achieved, and the need for a just transition to a new economy, but that
01:02we need to help direct that using the leaders in this room, as inspired by your work over
01:08very many years, including with the SMI.
01:11We do know it works in Australia.
01:12We had a wonderful example of South Australia as a shining example of where the transition
01:17is working.
01:18We need clarity of a target of zero by 2027, and significant private sector investment
01:23does work.
01:24That is a huge opportunity for Australia to learn from South Australia, but also a huge
01:27opportunity to put into clarity, consistency, and confidence.
01:31We need consistency on finance and nature, and putting nature at the centre of our work
01:36on climate control, and not seeing it as a separate matter.
01:41We then discussed the need for, and these are the matters that companies such as Cornishview,
01:46HSBC, and many other companies around this country, around this table, are investing
01:51in.
01:52We know it's possible.
01:53One of the most important things we've heard about...