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Generation, yes we can talk about wind turbines.
We can talk about solar energy. You know, one of the most
exciting things abouts the new technology coming
is that we have the
ability to take power up to
4 thousand kilometres from where
it was made, to where it will be consumed.
This is new. We can do it with almost zero power loss.
Using technology from Siemens and other companies.
This means that we can build
solar generators in the Sahara Desert,
to power Moscow, or Madrid,
or the whole of Turkey. We will only need an area of the Sahara,
200 kilometres by 40 kilometres in size,
covered with mirrors, each mirror computer-controlled,
shining its power onto a gas turbine. We only need
that size to power the whole of Europe.
So, we are in an extraordinary place.
At the same time we're seeing, of course
the acceleration of funds available to drive these things through carbon
trading
and in each of these, I see a parallel coming
in water, which I'll come back to in a moment. Certainly,
I do in the political sphere. We've seen tribalism in energy supply
we are going to see even more tribalism
in the ownership of water supply. We have seen irrational,
emotional, illogical, market-
crazy decisions made by governments, which
distort the energy market with subsidies.
We've seen that for the last hundred years. And we will continue to see
exactly the same emotional issues,
tribal issues, national issues in the pricing of water.
And that will be a complexity.