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World Leaders Summit

My Lords, profligacy and greed might be at the root of some of our problems, but so are excessive risk-taking in too many financial institutions, inconsistent and insufficiently co-ordinated macroeconomic policies and inadequate structural reforms. The leaders of the G20 agreed that those issues were the root causes of the problems. There is a lot of potential for green jobs and for improving the quality of life when we adapt our economies and our societies to climate change. I understand what the noble Lord is saying, but I do not share his concerns. I am sure that we as a world society will be able to adapt to climate change to the benefit of all of our societies.