UN-Habitat Arena - Housing Market Innovation: Blending Planning and Finance for Inclusive Urban Growth (WUF13)

Ladies, ladies and gentlemen, welcome to this session Innovation ending, Planning and F for inclusive Urban Groadth.
This is Luis I am part of UN, particularly the Canadian Indian Field.
I am extremely proud to be to be moderator today's event.
As you can see this topic is extremely important and conversation.
It actually brings us to a element on the element regarding and the element regarding to housing.
But today's session is extremely interesting because there's an additional additional element that we want to explore.
And that is the planning component.
Planning is critical because it's the tools the methodology that allow us to the way the way we like Planning to design so that is what we will exploring today with our amazing speak speakers.
So let's start using from Joy, landscape tech professional with expertise in sustained level planning resilience and as managers initiative nature based solutions cmatization, displaced place integrations to agreement choices.
Bridges, planning, financing mechanisms and sustain through programs such as the Water Stripe Primatization Initiative, Nairobi Rivers regeneration program, building opportunities refu cost and self reliance.
Joy Joy has also supported developing strategies.
Participator innovative development framework is 77 Joy will keynote presentation on the Israel.
Joy, Joy, welcome.
Welcome.
Hello.
Hello, hear me? I think I feel much better closer to you to you.
Thank you.
Thanks for that introduction.
Today, I will start with fundamental.
So think about where you're coming from, from the cities that you think about Atlanta.
Think about T if they are given as documents, will they be able to each other documents? I think that's the first question, but even more important let's say let's say a that they need to solve.
Will they be able to have the same answer or the same way forward in terms of the city's development.
I think that's the fundamental question that we're trying to answer today.
Why are these two people in the same same speaking different languages? I'm not going to be able to answer the question because we have a fantastic skillset of these two experienced rests and they'll be able to able to give for me.
I'll try to understand where this happened and increase in terms of the language.
Which side.
It's quite us between a and a finance that needs to come together because one thing we've learned all the world for my growing growing faster consequences are struggling to keep dividing pattern affordable housing.
And also, millions of people are being excluded from the form of mass in terms of housing and they don't want to just because of the financing of the housing finance has become so big that they're not able to access this financing.
What is the result informal formality.
People go to informal and in that line line, these spaces belaic services.
That becomes a housing crisis.
That is inequality, vulnerability, and people living in dignity.
This is why climate finance and entertainment need to speak the same language language.
But where does gas exist? About strategies, zoning codes.
They are talking about masters, but also their clients planners governments, communities success.
They talk about issues related to, you know, their de strategies and zoning, but also their success is fantastic.
But when you colleagues, what are they talking about physically very short term as well as we look at annual people.
They look at the measures and thresh, but also they look at editability.
And also the budgets, revenues and treasurers development credit and syndicator balanced budget budget.
So there together you see in between the housing crisis happened since.
So these are actually stuck, 77% that you see urban infrastructures that are never never fun.
These are show figures that exist.
It means that these infrastructure, the financing bit of it was not being considered.
We also $1 trillion that cities and government require to be able to be able to implement urban infrastructure, which is which has been highlighted by Work also and the cost of that three to five times more in terms of infrastructure actually needed to be upgraded, retrofit maintenance, but these costs were noted at the beginning of any infrastructure that infrastructure being implemented.
The gap is actually seen on the rounds transplants not being implemented gathering dust.
What do you see infrastructures that are not tested, they're not well, even in the current article that was required to maintain them are not being considered.
We look at the city cities becoming more and more reliant and don't have understanding.
Because once they own the sustainability of that infrastructure is not governments don't have the capacity to maintain those.
This is something that has actually taken within many cities infrastructure has been and municipalities are not able to maintain those infrastructure structure.
We go beyond the sales issue issues.
Years later taxpa becomes cap and the sales issues that tried to address at the beginning.
And then the land value values that land value that has actually been given from the infrastructure is not captured by the municipalities.
And this is captured by the private sector, if this conversation happened in advance and, you know, finances were taught earlier, they would understand how to capture value.
And finally, of course, we have beautiful green infrastructure plans, mu solutions that are also, you know, they're not being implemented integrated into the municipality buckets.
So almost school load.
As you out, we have a fundamental this cannot not separation coming from the planning and finance section.
And we have testing methodology, if you start from what do we need now, we afford now now that becomes the first start of the conversation and you start two different scale scales.
At the initial scale scale, which is the city level of the national national level level, city city creates tility.
It can be able to work into financings and able to some software urban strategies that is actually integrated revenue and how those plans can actually be implemented.
With that, I would like to say thank you.
Thank you, as the end.
This gap of planning and finance is not inevitable.
It is a design issue and solve issuet then we are able to solve the issues that city cities have.
Thank you very much.
Thank you.
Thank you.
Thank you very much, joining.
I would like to start inviting our first speaker.
Lindsley Vice President of Policy, Canada, Canada, Morgan and Housing Housing.
Linne invited to join and join the podium audio.
Linde is the Housing team.
At Canada mortgage and Israel is responsible for developing solutions and strategic advice to government to help is coation which plays a critical role in promotability affordability in Canada housing systems.
Since joining CME in 2015, Lined a role in many fluctuation initiatives, including Canada's first national housing strut and housing catalog.
Her career academic are in public policies, communication, government regulations program engagement.
Linnsyls a master's of administration degree from the University of Western Ontario and Bachelor of Arts in political science from the University of.
Lindsay volunteers board member for migrant Canada a charity dedicated to improving the liveli of Canadian Indians living with migrants and other sources.
Welcome, Lin.
The I would like to bring now our second speaker.
Direct Director of Development Relations at the Minister of Ministry of Housing and Urban Planning Planning.
Welcome.
Is Hack accomplished real real estate frustration over 15 years years experience.
Spanning relations, Investment management Finance and strategic Development.
Serve as the Direct Director of Development Relations at the Ministry of House and Urban Planning Planning since March 20233.
Okay.
Following Prime Minister decision for two of 20 2023.
Mr.
Mah strengthen cooperation in Buss sector developers.
Prior to his senior Jafment real estate S Fund, leading investment portfolios, development planning and strategic financial real estate sector.
Mr.
Ahmed is the Marshal of S Management Science from the Univers University of Kenta UK real Investment certificate from MIT.
Welcome, Mr.
Ahmed.
Our next speaker is Mr.
Mr.
Rashid Ali Ali, Secretary-General of Second Foundation.
Welcome, welcome.
Secretary Secretary-General of the Developmental Housing Foundation is a strategic leader with more 20 years of experience in institutional transformation, governance and strategic planning.
He has held leadership and advisory roles across all the privates, including including major statistics, leading leadership development, institutional efficiency and management and management execution.
Welcome, welcome.
Our next guest is Asofes for the Center of Sociopolitics, and economic sector in the Southern Vargas and the Lingling Constitution of Norman urbanicarch and the policy specialize Urban economicand government transportation systems and Metropolitan governance.
He serves as an asci professor one of Brazil leading institutions collaborate with the Institute of finance publish and sustainable urban association.
Contributed based on economic development strategies across Latin America globally.
Welcome.
Welcome.
And last but not least and apologies because Mr.
Welcome welcome.
Is the national President of the Confederation Real Real Estate Developers Association in India 25-2067 and serves as the Managing Director of EEO National Ieration recognized as one of the most in leaders in the US real estate sector.
He represents over 3,000 divers 2021 states and more than 20 to 20 2020 CD.
With more than three leader leadership myself has played a transformative role in advancing presidency, sustainability, governance, and professional association within the state industry industry.
His leadership journey within serving president vice president and president the national level level.
Welcome, sir.
As you guys today.
I am very, very very here with you this we're going to explore in the following hours amazing intersection between House Sinai and Plan Plasngo introduces.
I would like to make a quick introduction.
Planning systems can be the housing.
I think all of you you can actually really interesting insights in that area.
Another one is to identify market innovation opportunities to providing finances.
And the last one pronational recommendations for municipalities, developers financials.
Something that have been discussed in at the World War Forum 13.
Thank you very much much dearest speakers.
I will start first question.
I will go with Ras, please with the first question.
The question is finances.
How can finance and cross sector collaboration accelerate inclusive home ownership and sustainable growth growth.
Thank you very much.
Thank you.
Thank you.
The organizers.
It is a pleasure, pleasure to my colleagues Second Foundation Nation.
Those who do not Sondationn profit organization catering for the most vulnerables in the economy with their home ownership challenge.
Finance financing since 2019, we quickly learned that sustainable urban growth cannot depend on traditional methods of financing.
We believe that housing H is about integrated ecosystems, connecting planning, finance development, and social social impact.
This is what sustainability in Saudi Arabia and driven by its vision, we shift focus towards towards inclusive sustained communities integrated fab of society.
This is the driving bicycle, what we call the sustainable sustainability development triangle where collaborate to create sustainable sustainability.
Government governments enable private sector scales and private sector focuses so impact.
This thinking allows us to create creativity to the models and those are two examples.
One example is land becomes the foundation of an between private sector and PLPOs developmental housing projects to create social social impact.
In another example, a commercial commercial agreement between real estate esta, where we gave this land to the developer.
On the commission, allocate certain percentage of the project to develop housing housing.
This allows the project to financially viable and yet yet impact.
What we benefit here here are three folds.
We created social social impact, we financial financial financial viability, sustainability, and among we have access to develop housing housing.
On those attend today, we're also creating more and more ways towards toward homeowner ownership.
We look at the unit cost of the project or the house.
And we created what we call the tripty agreement between the government government, and the beneficiary itself.
Splitting the cost into the government will pay for in the form of discount account.
Second the donors will collect the second, third, and the final final third will be borne by the beneficiary over 25 years tax tax free.
So we did the data study with the National National for Social Social Studies Studies and SII X would be winning gain if go with this path.
So I believe in the future glostes where foreign finance partnership and social social impact together to accelerate diversity.
Thank you very, very much.
Thank you very much.
Thank you.
Thank you very much.
Rashid intervention intervention.
And I really like the idea that you use innovation.
I think it's pretty cool and I think that innovation is more than necessary today given the lack of resources, challenges, complexity of the environment we are living.
That is a really interesting as, George.
Following on, I want to answer, you're coming from a perspective, a private sector.
And then going back to the key mentioned at the beginning, these processes of putting planning is particularly coming from the private sector sector.
I want to ask you what makes me when you avoid avoiding? First of all, very much data and giving sufficient opportunity I would like to speak some beautiful study from India, India urban financing infrastrutructure, for the owners and the instructure.ment also because in our plan.
I would like to some on the town planning scheme of this planning scheme in 1970 66.
What they do is let's say ceded urban tility and they include expansion roads also.
I future development does not happen So let's say let's say city 18 1,800 square square meter area.
So 1,800 square square meter meter ofsity zone zoning of the area of road network and transport transport on for that area area.
The developed for scheme.
So out area so many.
The one down planning scheme.
In that 11 planning scheme is giving you a simple math of economics mix.
A square meter meter on out of 100 square meter meter up deduct square meter and the 60 square meter land is given by the Oakland final plot.
What happens in this is that the lands or something.
But deductions these persons excess infrastructure, everything.
The landowner gets zero value value.
Land.
Israel is very happy about that is getting more money on land.
Of the land out of 30% of land, they reserves of the road work.
5% for a housing economically housing and they persons the publication and ten 10% gap caps selling commercial commal residential.
So the they got this percent land and from that 10% land, they have gap.
They sell and source gap funds for the infrastructure development of that particular area.
20 funding they got funding from 10% of the land.
Interestingly, 5% land the economic success that 5% land the government.
They economically successes and that and scanned.
So It's a amendment and I think it's a very cost to the wonderful tit development cost.
So It is easy affordable housing in 1.5% less land is there affordable housing is there.
It is not affordable housing, you 20 kilometer or kilometerter power from the cities in every area there is affordable housing.
In there is affordable housing.
So this is very successful model in Gujarat what this model has done for the landowner owners.
For the global government, it creates inp power, creating the infrastructure future development, growth, everything has been taken care of by this town planning scheme scheme and funding data only the sesist development is also also self by selling.
I think this is a un model in and many states are They are also also trying to replicate this model in India and other states as well as well.
I think this red I have This easily.
I think this can be in many parts of the world, at least in developed countries, developed countries because I think I source of the smaller and we can discuss the further.
But global level, if we won't make a sustainable civility my successor of the infrastructure.
But in this model instructor already.
We are happy to share everywhere everywhere and it's a very successful model.
Thank you very much.
Thank you.
Thank you very much.
That was really interesting presentation.
It was interesting intrinsic to the model that you mentioned and that is the interaction between the public sector and the private sector.
I think that is something c in this topic that we will be able to touch on later stages.
Next Lindsey from Canada Canada Lindsey.
The question is the supply chain break supply supply affordability for supply finance.
Thank you.
Thank you.
Thanks so much so much.
It's certainly a great pleasure to be here today on this panel.
Very grateful to be here representing Burn Housing Corporation at the urban Forum.
It's certainly been a wonderful few days of discussion so far.
Perhaps just for those lessons that we do in Cana, Canada.
We're grown organization that is part of the national government the Minister of Housing, Infrastructure and communities.
And as a federal federal agencies, we have a commercial policy mandate and in England Canada's int based housing system.
CMHC was originally established in 1946 to returns and their families.
And so it's many years that have been helping Canadians meet housing needs.
And so a little bit bit about CMC standing housing financial tool, which includes mortgage insurance as well as secritization programs that support support to homeownership, rental housing supplies, and a reliable source source of funding lender lenders.
Mortgage insurance in particular has proven to be key because it helps lenders by providing homeowners to develop divers residential using preferential terms it helps lowers and it allows for rement periods.
And since the launch of Canada's first national housing strategy in 2017, CTs in delivery rings on behalf of the government.
One of those programs fship initiatives.
It's called the quality aparttruction Program.
It's a 5,050 million million foreign fund that provides cost constructions to develop diversity unit unit residential housing.
With priority to units that are affordable, energy energy efficient and accessible.
Ensure financing tools and direct lending tools.
CCC supports the majority of rental housing construction in Canada Canada at various affordability levels.
I will say though, there are as to how financing tools can reach down to the income income housing across the continuum.
Like other countries Canada still faces a severe affordability gap in housing supply shortage and it's particularly low income and deeply afford affordable housing housing levels.
Canada share of non market housing is 3-3% and recent BCC change or changes in government, in fact, focused on scaling affordable supplying the non market set Canada.
One of the ways in which is being done is a new Canadian housing agency called Canada Canada is entirely really focused on attract investment, public financing into affordable housing inco development.
I think the opportunity to ahead in terms of building on the Austin tools, but also exploring that can really between finance and develop development.
And financing the equation.
The costs and the availability to buy housing at various levels.
Of course de design factors land use planning, development permitting, infrastructure availability, and constructure activities as well.
In Canada, many of the development others Mexico.
Operation is a key part of how we deliver housing in Canada.
We have multiples of network in the housing state alongside the San government, territorial governments, municipalities, and indigenous US governments that play distinct roles delivering.
And the municipalities resource is to put in place the enabling on zoning and develop developments.
Municipalities ultimately decide how quickly is built provinces and territories are also play a role in terms of connecting with regional growth strategies, labor markets, and a lot of enabling infrastructure building environments.
And, of course, the federal government provide finding incentives and direct investment into housing affordability.
And these systems operate reively projects to costlely can be delayed and they can empty housing projects forward.
It certainly certainly remain affordable.
I think that's why there needs to be a bridge the gap between planning fining and development system.
We've seen some recent initiatives in to do exactly this.
There's another city accelerators deliver mortgage housing housing.
It's facilities implement new measures to systemic barriers to housing supply at a level.
So things like labeling, permitting processes, even permitting in some cities receiving way to those barriers to delivering housing ly.
The other other that I mentioned is the housing housing Deogue.
CHCHD launched catalog last year.
It features 50 housing design design tailor other different regions of Canada featuring housing housing apologies from accessory dwelling unit units to multiplexes va point point.
That's the way in which we're working directly with city builders to build housing quickly and at affordability levels.
So blending when it comes to enabling greater and greater affordability and urban growth.
I think it's really important that finance, planning and development systems are the same.
Objection.
Governments to work together closely together to predict and stable market conditions to contract, which we know is very, very important.
And all these components really work together and are really essential to delivering housing affordability for all.
Thank you.
Thank you.
Thank you.
Thank you very much.
Thank you.
Thank you very much.
I just want to want to highlight something that I find fascinating of your message with Mr..
The idea was interaction between public and private private.
I think that is the interaction within the public sector.
When we have, for instance, in the case of many countries financial institutions working at the federal level, but institutions working very coal level, particularly this is this.
And I would like to raise the question if you're interested in more for you right now.
First of all, thank you for hosting this pass an absolute honors representing the Kingdom of Brain under the Ministry of planning.
When it comes to Bahrain TTP experience under the government program, for me the single tactical risk instrument.
And this is execution no longer sovereign, it is a structured demand portfolio as well as an exact framework in place.
The GDPP succeeds by being a market GP program balances the risks between all entities and doesn't shoulder the government of risk.
And basically the government creates an eco ecosystem where these projects become.
We have financing and more mortgages that strengthen our ties to go to the order market.
And the choice to select the suitable the appropriate for them.
So by empowering our beneficiaries, we set to create or develop beneficiaries most.
Then when we, we develop those affordability caps.
We set a safe sales framework.
We enable faster and cross mechanism.
We stream process whereby private sector to the government they talk to the high across all sectors, whether it's administrative, urban, municipalities, administrative works and so on and so on.
So we're all speaking one language.
And when we went that, this is the uncertainty and by removing the uncertainty, we create more impact eco ecosystem.
And this is where have mechanisms that are mitigation issues are important to the success of PECs by having blank sovereignty and AT in terms of long term running the government done the GFP.
The objective was to private risk, the objective was to make finance projects that are feasible the private sector as these projects.
And this creates a balance.
And I think the beauty of our experience for the government simpsityvernment creates the ecosystem and the private sector sector has they develop products whereby the judiciary is to make its own choice.
Thank you.
Thank you.
Thank you.
Thank you very much.
When you said uncertainty, I was immediately in the term.
You may link between uncertainty and we know that relationship.
But to planning essential to kind of reduce uncertainty in many ways, and it's very, very, very well connected.
Our last.
Last but not.
Welcome.
Question for you.
Shares today and who I think is really interesting connection amazing so on, please.
Thank you very much for the Jane we Now just a brief brief maybe not everybody knows what I was talking about capture value.
When the make investments the regulation may generate value in the Erin meaning your land more.
If you have your road, your land and so on and so on and so on.
Who is the developer.
This is not be idea.
I'm here against the developer and property of course.
But this is an opportunity to share increasing value if the developer and uses it to roads, schools, electric so forth.
20 years ago, it was really rare that the golden G would capture this fast value.
Increasing more and more counts really capturing the value value themselves.
They share of the areas and are gas at all at all.
And by connecting a little bit because this is reducing uncertainty.
One source of uncertainty.
But in this very straightforward.
They are doing and they don't know if the sign line there or not.
And it may make a difference for development Metro station there or not.
If they know for sure of the money that you may make the metro station to finance the metro station.
Financing the transitory plan.
And talk to that we will help.
Summer summer Azaz shows increasing value is the government.
Thank you.
Thank you.
Like the increasing value.
This is at the end of the day, what you are learning from individual value.
And as you said, we are coordinating this mechanism, I think I think would be eventually a win win win.
Go to the next part.
I invite to raise this question to the speakers will raise.
I would like to we have the last part, I will invite you to give a short short message.
So please please Since I am the one with the microphone, I usually use.
Please you coming from your question.
Thank you for your experience.
I'm Charlie representing council.
My question is we have often talked about housing basic human human for everyone.
How do we move towards that we have.
Can we rely on prices? Sorry.
My question is, how do we move towards changing our sales market so that we see more commodity to do we change within the economic market? First of all, I'd like to welcome back for excellent se.
Thank you for your presence and your support for it.
I have a relation to your questions on session.
Value is the key drive driver.
And value valuation and value vaut is the driving the impact on our housing issue.
On the other side, the housing challenge challenge is the cost cost challenge challenge.
It's a.
I believe once once we reduce the ticket and break it down and spread spread across the three players public, private, private and not for profit.
This is where I comment, comment the value value is share and contributes then we can have a sustainable growing accelerateerated housing market market.
Can I recognize.
Because in, we tend to think housing is a continuum where we have supports for homelessness, those at risk of risk homelessness shelter and transition housing affordable subsidized housing moving into mixed market and market rental home ownership.
Not necessarily linear, but there's a continuum in different housing needs and typologies along that continuumum.
And in Canada, more than 95% of our housing system, as I mentioned earlier, is market based, but over 95% is adult rated by a private sector.
So of course marketing is very important for our country.
But also is affordable housing.
And I think it's the partnership helped deliver for the needs and also the access to housing.
I think that all aspects of it continue and that work as well as well.
Thank you very much much.
We have one final question, please, please.
Your name and question.
Thank you.
Thank you very much.
Hi, I'm ag.
I'm from Senegal.
I'm director of real estate Management company we are trying to Lambert to finance household.
A few years later, the household prefer to go and send their house to all the area and the area speculation.
I would like to know or if you have some tools, eggs to protect areas for speculation and keep the speculation.
Thank you.
Thank you very much.
In fable housing and then the.
That's kind of unusual to happen.
Well, if you generate value.
Right, then a way and to capture this perspective is doubtless.
One way to protect you from that because you want to use for a long time if you live for a certain amount of time, you have to the hypothesis that's gone down for the years.
That's one way.
Another alternative that they use you You can't sell your home, but this is not sustainable, you cannot you're going to market.
You can't go your property.
So you are allowed to rent it out.
But the price for the rental price can rent unit belongs to the government.
So you create rate rate Ownership, social housing.
Ownership creating at the same time, market.
You not so easy, but more solution than the idea of charging them back.
Is just them to move because you may and create an informal market on the outside.
Thank you very much much.
Very briefly.
We have two.
One is that the beneficiary yourself will bear the cost over 25 years tax free.
So it's to keep the property minimum payment.
The other is that the government sustainable development triangle.
The government government regulation that the deed belong for at least ten years cannot be sold.
Digital infrastructure and the government, you can't rent it out.
Because now rentals are 11 platform.
This is what is what we do.
Thank you.
Thank you.
Thank you very much very much.
Now I will invite our thinking about the final messages.
This is my question that I want.
In your view and very, very briefly, what is needed to shorten this finalize and planning element.
We discussed several elements you all gave me interesting.
But if you sumize idea, would that element element.
Summarizes where no longer poor proportion to the return return and there's no in executiontion of recovery uncertainty pathways.
Now, in reality, it is only a finance financing problem or finance financing failure.
Most of them it is a as a planning failure manifests as a financial financial problem.
And it is important that we take lessons learned, learn from countries and experiences.
And what we saw as a driver success the Kingdom was Our starts.
We have mastering that takes place first.
We.
We study units material.
We have infrastructure negotiation between entities.
We have a Google stress strategy to up to careers and development guidelines.
And we have a very within streaming in terms of artificial required environment and avoidability.
And what this Emily eates that finance does not planning, planning.
And you saying, you know, failing, am negotiation and highlight byating we create great success on the law firm and sustainability over years.
Thank you very much.
N.
Yeah.
I think of housing as a system.
But not only is it system, it's really it's made up of multiple substances.
So plannings, development of governance and financial.
Some of these systems need to be working together to deliver housing scale and across market market across countries.
I participated in a dialog morning where we heard a numbers talked about DOT housing finance.
What was interesting to me as one of them was that fragmented system private financing potential.
So some of the points we need to discuss today planning and development, streamlining process is really candidate financing afford.
I think it gets made up all mixed sites complex well functioning housing system that we're all striving to achieve to achieve.
Thanks.
Thanks.
I think all over the world moving urban areas as well as percent of all the population urban areas.
So the problem for the urban area and the value housing values going up day by day by day.
The planning our government has to sound source for affordable housing developers to contribute affordable housing.
Inclusive development of affordable levels housing, our government across the world should bring a proper housing designation and the requirement of income of the particular city and in my mind, they are properly for housing and in our housing will be.
Thank you.
Thank you.
Thank you.
Yeah.
I'll go back to the sustainment triangle.
Each sector when all systems coordinate.
Each sector has to play a role when it comes to finance financing.
Government government should not the only source of financing here.
Private sector should focus on pure profit.
Profit should also chip in.
This is why we created in Saudi Arabia digital class can.
That allows everyone within the relations to contribute in this program and access to support and finance this important element within society.
Sugar, sugar.
So I will follow my colleagues somehow, but starting a little bit.
One important thing to really bt financing will stay big big plans like plans.
Of course, you do not spend a lot of money.
Do not spend a lot of time doing this plans.
Guide guidance and then focus on massage projects.
Because most of my colleagues here here.
And the projects are very, very complex.
I'm talking about projects.
It's a very complex project.
You need toity.
You need economists, planners, scientists, social scientists, and so on and so on and so forth.
A lot of diss together and green gamble colleague.
You need the Sx dynamics as part of the Fort.
You need a group thinking deeply about the project.
So finances should come out planning will come out there are many, many things like data data or social side.
I think everything, not just planning the many things that are not together and this.
So the gap gap that everybody is huge with climate change is going up.
When we make the project much much better than we're doing now now.
That's it.
Amazing.
Let's speakers warm applause.
Thank you.
Thank you very much.
It was a pleasure.