Konstantin Kisin

The one thing you will need to do if you want to re-industrialize Britain is go from having the highest industrial electricity prices in the developed world to producing lots and lots of cheap, reliable energy, which means

But isn't that the problem, Alan, that essentially you're trying to reduce the demand for something that will never be reduced because of the population, for energy, not for fossil fuel energy, but for energy.

And you haven't got...

a ready-made replacement that as cheaper.

That's Bjorn's point is you have to invest in technology to make alternative forms of energy cheap enough that you don't then need the levers of government to introduce it because people are just going to buy this cheaper energy wherever it comes from.

But we don't have it yet.

Do you see what I'm saying?

So that's what I mean.

Overall, as a package, it's not cheaper at this point.

Or we don't have the way to make it work without fossil fuels.

Whatever way you want to put it, it's not a viable alternative that is cheaper as well.

And by the way, making it extremely vulnerable to Russia, which is why the current situation with Ukraine, Germany can't do shit because they've closed all their power stations.

No, he did say you're going to get more Bolsonaros if you carry on down this path.

That was his exact words.

Constantine.

Can I just first of all ask Douglas and James, what percentage of global carbon emissions is Britain responsible for?

Historically or in present terms?

Currently.

About 1%?

1%.