00:00Making promises and not delivering is exactly the reason that the political class has lost trust. The only way that we can regain it is to tell the
00:09unvarnished truth. Net zero by 2050 is impossible. I don't say that with pleasure. I want a better future and a better environment for our
00:21children. But we have to get real. Anyone who has done any serious analysis knows it cannot be achieved without a significant drop in our
00:31living standards or worse by bankrupting us. Responsible leaders don't indulge in fictions which are going to make families poorer or
00:40mortgage their children's future. Without the rest of the world doing the same we are making our country less safe less secure and less
00:49resilient. Let me give you three truths at the heart of net zero. First the published plans are completely muddled. It is true that the UK
01:00has made the greatest progress on carbon emissions in the developed world. Yet we are only responsible for 1 percent of global
01:08emissions. Even if we hit absolute zero we will not have net zero around the world. If other countries are not following us and they are
01:20not muddled plans unrealistic targets and deadlines over reliance on China. We have got to start acknowledging what is in plain sight. Net
01:30zero makes us dangerously dependent on countries who don't share our values and it is risking our energy security.
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