00:00 We've been through the numbers and we're absolutely confident that we are on track to hit all our
00:03 international and domestic targets, which by the way are world leading. And the reason I have
00:08 confidence in that is because we've over delivered on all of our carbon budgets to date. Despite
00:12 everyone saying, "Oh, you might not hit them," we've over delivered on them. Plus we can see
00:16 that the costs of some of these new technologies are falling far faster than people have predicted.
00:21 Offshore wind is a great example of that. Cost today, 70% less than we predicted in 2016.
00:27 And the adoption of new technologies is happening far faster than we thought. Electric vehicles being
00:32 another good example. So when you put all of that together, run the numbers as we have,
00:36 we're confident we're on track to deliver net zero and we can do it now in a more proportionate
00:40 and pragmatic way. That's how we're going to bring people with us, maintain consent for it,
00:44 and minimise costs for working families that could have spiralled into the thousands and
00:48 thousands of pounds. I don't think that's right.
