00:00Well, the report makes clear that insurance will become increasingly a challenge both in terms of affordability and availability and that will have low effects in the economy. I don't think that's a surprise or secret. I think many Australians will find this report confronting. I don't think many Australians will be particularly surprised that climate challenge EZM will have an impact on Australia.
00:19I would say to people, let's be clear-eyed about the challenges. Let's be realistic about the threats. But also, let's be optimistic about the future.
00:31Because if we take action, we can avoid the worst of the impacts. If we take action, we can create jobs and investment right across Australia.
00:39Many of the regions which have the most at stake are also the regions where we'll be creating a lot of jobs and investment in the pathway to net zero.
00:46Those areas that have powered Australia for so long have powered us for decades. The type of power will change. The type of industry will change.
00:53But the jobs and investment will continue. So, we have to be realistic that yes, there is a lot at stake for our country when it comes to climate action and a lot of people in this building should reflect on that.
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