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Kjerstin Braathen speaks at the Davos 2022 Summit.Twitter/Screenshot

DAVOS, Switzerland (LifeSiteNews) – In order to institute an “energy transition” from fossil fuels to so-called renewable energy sources, citizens and small businesses must endure “pain … shortages of energy” and “inflationary pressures,” a speaker at the World Economic Forum’s (WEF) 2022 Davos Summit has said.

Kjerstin Braathen, CEO of major Norwegian financial group Den Norske Bank, told a panel at the elite event in Davos, Switzerland, that small and medium-sized businesses will “need to accept that there will be pain in the process” of implementing the “transition” required to reach WEF and United Nations’ Agenda 2030 net zero carbon goals.

The agenda set out by the WEF’s head, Klaus Schwab, asserts that companies must be forced to reduce their carbon dioxide emissions using government imposed regulations, since apparently “[v]oluntary action will not be enough to solve the climate crisis.”

Braathen told the panel that the “pace that we need [to end climate change] will open up for missteps. It will open up for shortages of energy. It will create inflationary pressures, and maybe we need to start talking about that – that that pain is actually worth it.”

Continuing, the financier warned that, “if we don’t, there’s no business case; there’s no economy; there’s no welfare. But so far, I think we have been a little bit careful [in] actually talking about the pain in the short term that is likely to come from this very important change.”

The change spoken of is the “Great Reset,” a far-left initiative “to revamp all aspects of our societies and economies.”

READ: The World Economic Forum wants to ‘completely control all aspects of your life’: Dr. Robert Malone

Opening this year’s Davos summit, Schwab touched on the so-called reset, excitedly telling the gathered crowd (made up of world leaders, banking and economic chiefs, health and environmental experts, as well as Catholic Cardinal Peter Kodwo Turkson, among others) that “the future is built by us,” referring to the group as a “powerful community.”

“We have the means to improve the state of the world,” Schwab stated, “but two conditions are necessary.”

“The first one,” he continued, “is that we act all as stakeholders of larger communities, so that we serve not only our self-interests but we serve the community. That’s what we call ‘stakeholder responsibility.’”

Secondly, he urged that global leaders and industrial heads “collaborate,” adding that “this is the reason why you find many opportunities here during the meeting to engage into … action and impact initiatives to make progress related to specific issues on the global agenda.”

Despite both Schwab and Braathen declaring a need for the world to “transition” according to the vision of the WEF, and that the “pain” will “be worth it,” many of the wealthy invited guests arrived at the Swiss host city in private jets, and have reportedly been ferried around the town in a fleet of Mercedes-Benz limousines that were shipped in from Zurich, around 100 miles away.

The hypocrisy of attendees incurring such a large “carbon footprint” while demanding global carbon emissions reductions has brought widespread criticism.

Australian Rebel News reporter Avi Yemini attempted to question former governor of the Bank of England Mark Carney, who now serves as the U.N.’s Special Envoy for Climate Action, in Davos Tuesday on how the WEF can justify the “blatant hypocrisy.”

Footage taken by the journalist shows that Carney avoided answering, even pushing Yemini’s microphone away and asking that he contact his office to request an interview, which Yemini noted would likely be denied.

Earlier, on Monday, conservative journalist and veteran Navy intelligence officer Jack Posobiec was detained by officers with “World Economic Forum Police” badges while filming outside the secret meeting in Davos. Posobiec said that police finally left after about an hour when fellow conservative journalist Savanah Hernandez started filming him as he was being detained.