What is Carbonomics? video transcript

A video that explains the University's work in carbonomics, structured with accessible dialogue from two of the Institute of Carbonomics representatives. 

We start on a gentleman inside the building in front of reflective glass walls, identified as 'Gordon Bennett; Managing Director, Utility Markets and Global Head of Environmental Markets at Intercontinental Exchange.'

[We see a shot of a sign on a modern building - it contains the University of Derby logo and 'The Cavendish Building.' 

We see a wider shot of the building, a clean, modern architectural structure. The upper section of the building features light grey panelling with vertical, rectangular windows that reflect the sky. The lower and central sections of the building are rendered in a warm, burnt orange colour. To the far right, green foliage from trees are visible.]

Gordon: "Net zero and decarbonisation is a subject that's often thought about in silos - and it's cross-disciplinary. So the fact that University of Derby is an applied university, you can break down those silos. So if we want to push the discipline of carbonomics, an applied university is a great place to do it."

[We change speaker to Professor Chris Sansom, Professor of Concentrating Solar Power and Theme Lead, Zero Carbon]

Chris: "Carbonomics, really the clue is in the word 'carbonomics': it's an amalgamation of carbon and economics. So it's looking at placing a value on pollution, if you like. So CO2 emissions, greenhouse gases that go into the atmosphere, that pollute the atmosphere and create global warming and climate change - how do you put a value on that? So carbonomics is a comparatively new topic. So there is no Institute in Carbonomics in the UK: we are the first."

[We see a split screen overlay with a representation of graphite on the left to represent carbon, and a upward trending stock market graph on the right, representing economics. Next, we fly over the top of a power plant where black smoke billows out of smoke stacks and into the atmosphere. Later, we see the 'Institute of Carbonomics' text above a doorway.]

Gordon: "So the role of financial markets is to price risk and allocate capital. If we're thinking about net zero or decarbonisation, we're we're really looking at three things: We need to change the way that we produce and consume energy. We need to change the way that we use land. And we've got to build a carbon removals industry, which is not at scale yet. That's all infrastructure, it all needs capital. So, we need to be able to raise capital to do all of those things. And so, financial markets are at the center of it. ICE as an organisation is about managing uncertainty and transferring risks."

[We see infrastructure of industrial sized carbon removals appliances built on a flat, desert-like plain. We see an animation of a bar chart, with a low point transforming into a healthy green section.]

Chris: "Derby because of the Institute of Carbonomics, has a special role to play in educating the next generation of people, but also the current generations and also companies and other institutions internationally as well around the world. Carbonomics, if we do it correctly, can drive the right behaviours in all of society, and in businesses too - to make those differences to remove carbon from the atmosphere, reduce our emissions, and basically save the planet from global warming."

[We see more external shots of The Cavendish Building, including the wooden 'Spanish steps' seating benches inside the Atrium with a large University of Derby logo on the back panel. We see gold typeface 'With grateful thanks' dedication artwork on a white wall, followed by three students walking up stairs and into the main entrance, underneath gold lettering 'The Cavendish Building'. Next, an electronic marquee across the building which alternates between University of Derby logos and 'Welcome to The Cavendish Building' text.  A group of students ascend a staircase. We see a large congregation of professionals sat in the Brian Ashby Lecture Theatre, in readiness for a presentation, which we then see includes Chris and Gordon.

We see students within a networking event, communicating with senior businessmen and women.]

What is Carbonomics? video

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