WEBVTT 00:02.040 --> 00:04.480 Earth is facing another great danger . 00:04.920 --> 00:07.390 The climate change . The scientific 00:07.390 --> 00:09.770 consensus is that climate change will 00:09.780 --> 00:12.460 alter the ecological balance off life 00:12.470 --> 00:14.730 on earth , changing it in ways that 00:14.730 --> 00:17.130 could be catastrophic for many life 00:17.140 --> 00:19.530 forms that shared Earth with us . 00:20.140 --> 00:24.120 Another very riel challenge that 00:24.130 --> 00:26.470 can only be overcome together . 00:29.040 --> 00:31.190 John Kerry has demonstrated time and 00:31.190 --> 00:33.760 again that climate policy is close to 00:33.760 --> 00:35.700 his heart . For instance , at the 00:35.700 --> 00:38.830 security conference in 2020 back then , 00:38.830 --> 00:40.941 he expressed his sympathy for greater 00:40.941 --> 00:43.108 tune Berg on the activists of Friday's 00:43.108 --> 00:46.330 For Future . And it 00:46.330 --> 00:48.510 infuriates me that these kids have to 00:48.510 --> 00:51.670 be out the streets asking adults to be 00:51.670 --> 00:53.503 adults . We should be ashamed of 00:53.503 --> 00:56.700 ourselves . All around the world . As 00:56.700 --> 00:58.700 of late , he's been fighting global 00:58.700 --> 01:01.050 warming in an official capacity as 01:01.050 --> 01:03.460 special presidential envoy for climate . 01:07.810 --> 01:11.560 Today is actually the day , as we 01:11.560 --> 01:14.550 said a half hour ago by President Biden , 01:14.560 --> 01:17.480 the day the United States officially 01:17.480 --> 01:20.470 rejoins the Paris Climate Agreement 01:20.940 --> 01:24.830 Fitting moment . Thio welcome the new 01:24.840 --> 01:27.940 U . S . Special presidential envoy for 01:27.940 --> 01:31.320 climate , longtime friend of the Munich 01:31.320 --> 01:33.840 Security Conference member , even off 01:33.840 --> 01:36.120 our advisory council and , of course , 01:36.360 --> 01:39.550 former secretary of state Welcome 01:39.940 --> 01:42.760 John Kerry , please , John 01:45.540 --> 01:47.762 Wolfgang . Thank you very , very much . 01:47.762 --> 01:49.818 Thank you for a great introduction . 01:49.818 --> 01:51.873 Thank you . For importantly , making 01:51.873 --> 01:53.984 sure that climate change is front and 01:53.984 --> 01:55.651 center at the Munich security 01:55.651 --> 01:57.818 conference , which is exactly where it 01:57.818 --> 02:01.030 belongs today . Climate change , as we 02:01.030 --> 02:04.240 just heard from Jens Stoltenberg , is a 02:04.240 --> 02:07.060 security issue . And the fact is , it's 02:07.060 --> 02:09.460 among the most complex security issues 02:09.460 --> 02:13.150 we've ever faced . What we do or don't 02:13.150 --> 02:15.800 do in the coming months and years will 02:15.800 --> 02:18.170 make all the difference . But for 02:18.170 --> 02:20.830 millions of people , Wolfgang , uh , 02:20.840 --> 02:23.062 you know , they don't have to look into 02:23.062 --> 02:25.229 a distant future to see the impacts of 02:25.229 --> 02:27.396 climate change . Now they just have to 02:27.396 --> 02:29.562 look out the window . This week in the 02:29.562 --> 02:31.118 state of Texas , we've seen 02:31.118 --> 02:33.630 unprecedented extreme cold related to 02:33.630 --> 02:35.960 climate because the polar vortex 02:36.140 --> 02:38.362 penetrates further south because of the 02:38.362 --> 02:40.584 weakening of the jet stream related toe 02:40.584 --> 02:42.840 warming last year , the U . S . Or 02:42.840 --> 02:46.190 record 30 named tropical cyclones 02:46.200 --> 02:48.900 Europe is warming even faster than the 02:48.900 --> 02:51.590 global average , and the melting Arctic 02:51.600 --> 02:54.700 ice has changed geo strategic and 02:54.700 --> 02:57.720 military calculations for every country 02:57.720 --> 03:00.360 on the planet , from Russia to China 03:00.540 --> 03:03.790 and obviously for NATO and what these 03:03.790 --> 03:06.690 extreme weather events translate to on 03:06.690 --> 03:09.300 the ground should concern every single 03:09.300 --> 03:11.920 one of us . Climate change is again , 03:11.920 --> 03:14.020 as again said . It's a threat 03:14.020 --> 03:16.770 multiplier . When tensions are already 03:16.770 --> 03:19.060 high somewhere and resource is air 03:19.060 --> 03:21.600 increasingly scarce , the embers of 03:21.600 --> 03:24.290 conflict just burn brighter . And when 03:24.290 --> 03:26.680 farmers can no longer make a living 03:26.680 --> 03:28.791 because the weather is so extreme and 03:28.791 --> 03:30.700 unpredictable , they become 03:30.700 --> 03:32.900 increasingly desperate . Many , 03:32.900 --> 03:35.250 according to some studies , hundreds of 03:35.250 --> 03:37.730 millions of people will be forced from 03:37.730 --> 03:40.220 their homes , forced from their habitat 03:40.230 --> 03:42.563 from the place they've lived a lifetime . 03:42.640 --> 03:45.950 And not only can mass migration Dr 03:45.950 --> 03:48.770 Humanitarian Crisis , but as Europe 03:48.770 --> 03:51.610 knows only too well , as we saw with 03:51.620 --> 03:53.842 Turkey's manipulation of the numbers of 03:53.842 --> 03:56.009 people being released and people being 03:56.009 --> 03:57.953 pushed out of Syria , if it is not 03:57.953 --> 04:00.530 managed well , it could literally begin 04:00.530 --> 04:03.380 to undermine countries , homes , peace 04:03.380 --> 04:06.400 and stability . And we've seen dramatic 04:06.400 --> 04:08.567 change in politics and a lot of places 04:08.567 --> 04:10.990 because of this . So when we talk about 04:10.990 --> 04:13.760 the impacts of climate change , we're 04:13.760 --> 04:15.950 talking about security , energy , 04:15.950 --> 04:18.600 security , economic security , food 04:18.600 --> 04:21.760 security , even physical security . And 04:21.760 --> 04:24.240 the question now is pregnant . Lee . 04:24.250 --> 04:27.540 What will the world do about it ? Three 04:27.540 --> 04:30.210 years ago , scientists warned that if 04:30.210 --> 04:31.821 we want to prevent the worst 04:31.821 --> 04:34.043 consequences of the climate crisis , we 04:34.043 --> 04:36.510 have to limit the planet's warming to 04:36.510 --> 04:39.920 1.5 degrees Celsius . That's the magic 04:39.920 --> 04:42.190 number by consensus among most 04:42.190 --> 04:44.440 scientists . The same group of 04:44.440 --> 04:47.320 scientists told us that we had three 04:47.320 --> 04:50.090 years ago , about 12 years . So now , 04:50.100 --> 04:52.440 three years later , three years wasted 04:52.600 --> 04:55.420 sadly , largely because of our 04:55.420 --> 04:57.960 president in the United States around 04:57.960 --> 05:01.220 2030 is the date in which we have to 05:01.220 --> 05:03.850 get the world now on the right path in 05:03.850 --> 05:06.580 order to cap the warming at that level 05:06.580 --> 05:10.240 of 1.5 . So we are absolutely , 05:10.240 --> 05:13.390 clearly without question now , 05:13.400 --> 05:17.400 inside the decisive decade . It 05:17.400 --> 05:19.640 is simply not acceptable Wolfgang , for 05:19.640 --> 05:21.660 countries to think they can go to 05:21.660 --> 05:23.882 Glasco . The meeting . We will have the 05:23.882 --> 05:26.780 cop in November and simply put big 05:26.780 --> 05:29.150 numbers out for projections 30 and 40 05:29.150 --> 05:31.550 years from now or longer . It's what 05:31.560 --> 05:34.280 people would do in the next 10 years 05:34.280 --> 05:36.336 that matter . That's what we have to 05:36.336 --> 05:38.391 talk about . What are we going to do 05:38.391 --> 05:40.540 starting now going to 2030 for the 05:40.540 --> 05:43.840 simple reason that if we do not 05:43.840 --> 05:46.520 sufficiently reduce our emissions and 05:46.520 --> 05:49.450 that is true for the United States , as 05:49.450 --> 05:51.450 it is true for other major emitting 05:51.450 --> 05:54.360 countries like China and India , and 05:54.360 --> 05:57.710 Russia and Japan , and and so forth in 05:57.710 --> 06:00.290 the EU as a whole . If we don't reduce 06:00.290 --> 06:03.970 it , then we simply have not any 06:03.970 --> 06:06.320 longer got the possibility of holding 06:06.320 --> 06:10.070 the temperature at 1.5 degrees or of 06:10.080 --> 06:12.760 of having net zero by 2050 . And 06:12.760 --> 06:15.240 unfortunately today , the day the 06:15.240 --> 06:17.320 United States formerly reenters the 06:17.320 --> 06:20.480 Paris agreement today , the fact is 06:20.480 --> 06:23.610 that Onley one or two countries are 06:23.620 --> 06:25.842 actually meeting what they said they do 06:25.842 --> 06:28.360 for Paris . And even if we did 06:28.370 --> 06:30.370 everything we said we do in Paris , 06:31.040 --> 06:33.207 there's temperature will rise to about 06:33.207 --> 06:35.870 3.7 degrees , so we have to raise 06:35.880 --> 06:39.160 ambition . That is why President Biden 06:39.160 --> 06:41.860 moved to rejoin the Paris agreement 06:42.240 --> 06:45.060 hours after he was sworn in on day one . 06:45.540 --> 06:47.650 It is a process that takes 30 days . 06:47.650 --> 06:49.790 That means that as of today we are 06:49.790 --> 06:52.290 officially back in again . But in 06:52.290 --> 06:55.120 rejoining we've got to be really honest 06:55.130 --> 06:57.380 with each other . We have to be humble 06:57.740 --> 07:00.073 and most of all we have to be ambitious . 07:00.073 --> 07:02.340 We have to be honest that as a global 07:02.340 --> 07:04.562 community , we're not close to where we 07:04.562 --> 07:06.451 need to be . We have to be humble 07:06.451 --> 07:08.840 because we know the United States was 07:08.850 --> 07:11.920 inexcusably absent for four years and 07:11.920 --> 07:14.820 most of all we have to be ambitious all 07:14.820 --> 07:17.900 of us , because we have to get the job 07:17.910 --> 07:20.820 done in November when we convene in 07:20.820 --> 07:23.070 Glasgow for the U . N . Climate 07:23.070 --> 07:26.160 Conference cop 26 . I believe it is our 07:26.160 --> 07:29.250 last best hope to get all of our 07:29.250 --> 07:31.560 nations on the right road to keep us a 07:31.590 --> 07:35.290 1.5 and achieve a net zero by 2050 . We 07:35.300 --> 07:38.290 all need to develop not just a number 07:38.510 --> 07:41.550 but a roadmap for how we will actually 07:41.550 --> 07:43.661 make the dramatic progress we need to 07:43.661 --> 07:46.230 make over the next 10 years and what we 07:46.230 --> 07:49.400 will specifically do to get to net zero 07:49.540 --> 07:52.250 by no later than 2050 . And we need to 07:52.250 --> 07:54.960 be working , uh , you know , hand in 07:54.960 --> 07:57.420 hand with the private and public sector 07:57.730 --> 08:00.410 to provide the finance which will be 08:00.420 --> 08:03.160 critical finance in the trillions in 08:03.160 --> 08:05.910 order so that countries can do what 08:05.910 --> 08:08.650 they have to do . We're already hard at 08:08.650 --> 08:10.950 work on this . Uh , we will spend the 08:10.950 --> 08:13.460 coming weeks and months , working very 08:13.460 --> 08:16.120 closely with our European allies at the 08:16.120 --> 08:18.342 Leader summit that President Biden will 08:18.342 --> 08:20.730 host in April at the gatherings like 08:20.730 --> 08:23.930 the G seven , the G 20 at Camel , are 08:23.940 --> 08:26.400 at our Oceans conference and in the 08:26.400 --> 08:29.180 Arctic Council anywhere and everywhere 08:29.180 --> 08:31.013 we can , leading into the United 08:31.013 --> 08:32.800 Nations meeting in New York in 08:32.800 --> 08:35.260 September and then Glasgow 08:35.840 --> 08:39.100 Wolfgang , there's simply no faking it 08:39.360 --> 08:42.580 at this moment . Failure is really not 08:42.580 --> 08:45.400 an option if we expect to pass the 08:45.410 --> 08:48.060 Earth on in in the shape that it needs 08:48.060 --> 08:50.430 to be the future generations . And so 08:50.430 --> 08:52.810 we all need to determine what success 08:52.810 --> 08:55.240 looks like , how to achieve it and 08:55.240 --> 08:57.980 commit ourselves to get this job above 08:57.980 --> 09:00.570 all , to get this job done . Thank you , 09:00.570 --> 09:02.459 and I'm happy to take a couple of 09:02.459 --> 09:05.260 questions . Thank you , Secretary Kerry . 09:05.840 --> 09:08.240 I would like now to invite one of our 09:08.240 --> 09:10.460 Munich young leaders or Chile a Magna 09:10.460 --> 09:13.250 Nitze from Zimbabwe , Toe Command 09:14.440 --> 09:16.330 for the Global South and African 09:16.330 --> 09:18.360 particular climate change , and the 09:18.370 --> 09:22.030 impact it has is quite dire . It has an 09:22.040 --> 09:24.380 impact on human security , on 09:24.380 --> 09:26.570 development , on stability and food 09:26.570 --> 09:29.540 security , and that means responses 09:29.540 --> 09:32.090 both at local national regional , as 09:32.090 --> 09:34.146 was international level , have to be 09:34.146 --> 09:36.201 crafted to respond to the particular 09:36.201 --> 09:38.690 needs . Whether it's the drying out , 09:38.700 --> 09:40.756 with a high temperatures in the Lake 09:40.756 --> 09:42.680 Chad Basin and the Sahel , or the 09:42.680 --> 09:45.600 Locusts and the rains in East Africa or 09:45.600 --> 09:47.822 the increasing cyclones and flooding in 09:47.822 --> 09:49.590 southern Africa , thes are key 09:49.590 --> 09:52.140 challenges that Africa faces . But 09:52.140 --> 09:54.084 there are also confronted by other 09:54.084 --> 09:56.307 regions in the world . Working together 09:56.307 --> 09:58.510 through multilateral system that seeks 09:58.510 --> 10:00.621 to respond to these key challenges is 10:00.621 --> 10:03.890 important to do this beyond the Paris 10:03.890 --> 10:05.980 climate accord and beyond future 10:05.980 --> 10:08.420 proofing the world . We need to respond 10:08.420 --> 10:10.830 to the now , and we need to do it 10:10.870 --> 10:14.250 urgently . Thank you , Miss Manga Nitsa . 10:15.340 --> 10:17.118 Secretary Kerry . Now we have a 10:17.118 --> 10:19.340 question from our Munich young leader , 10:19.340 --> 10:21.460 Claudia Gammon from Austria . 10:23.140 --> 10:25.310 The US administration's climate plans 10:25.310 --> 10:27.477 closely resemble those of the European 10:27.477 --> 10:29.480 Union screen deal . A transatlantic 10:29.480 --> 10:31.647 partnership for climate security would 10:31.647 --> 10:33.600 therefore only feel natural . The 10:33.600 --> 10:35.770 European Union uses a trading system 10:35.770 --> 10:37.603 for carbon emissions , and we're 10:37.603 --> 10:39.826 considering additional measures to stop 10:39.826 --> 10:41.937 carbon leakage . But what steps could 10:41.937 --> 10:44.320 the U . S . And the U set together to 10:44.320 --> 10:46.209 try and build the biggest climate 10:46.209 --> 10:48.770 neutral trading area . Thank you . 10:48.770 --> 10:52.470 Claudia . Secretary . Excuse me . Well , 10:52.470 --> 10:55.500 Claudia . Yes , Claudia , thank you 10:55.500 --> 10:58.230 very much for the question . Um , the 10:58.230 --> 11:01.980 answer is , uh , that we tried to do a 11:01.980 --> 11:04.091 trading system in the United States a 11:04.091 --> 11:06.040 number of years ago , but we had 11:06.050 --> 11:08.383 political challenges in getting it done . 11:08.383 --> 11:11.250 We do have a trading system in 11:11.250 --> 11:13.770 California , Washington , Oregon and 11:13.770 --> 11:16.090 Canada . We have one on the East Coast 11:16.090 --> 11:18.660 called Reggie in the Northeast . And I 11:18.660 --> 11:20.820 think that this will increasingly 11:20.900 --> 11:24.260 become a key issue between all of us 11:24.270 --> 11:26.500 because many people believe that the 11:26.500 --> 11:30.240 biggest return we get on our 11:30.240 --> 11:33.750 efforts could come from pricing carbon 11:33.750 --> 11:35.760 one way or the other . Obviously , 11:35.760 --> 11:38.038 creating a market is a way to price it . 11:38.038 --> 11:40.460 So I believe this is gonna be very much 11:40.460 --> 11:43.590 part of our discussions . We need to 11:43.590 --> 11:45.701 come together . Europe and the United 11:45.701 --> 11:48.820 States could help by harmonizing some 11:48.820 --> 11:51.300 of the regulations and also the finance 11:51.300 --> 11:54.140 regulations . Uh , I know many 11:54.150 --> 11:56.317 companies are beginning to become much 11:56.317 --> 11:59.150 more tuned into their stakeholder , uh , 11:59.160 --> 12:01.030 rather than just shareholder 12:01.030 --> 12:03.197 responsibilities . And I think there's 12:03.197 --> 12:05.730 going to be increasing focus on 12:05.730 --> 12:09.670 disclosure by , uh , by 12:09.670 --> 12:12.180 by companies with respect to their 12:12.180 --> 12:15.320 preparation for the impacts of climate 12:15.330 --> 12:17.386 and the way in which that relates to 12:17.386 --> 12:19.108 the investing world . And this 12:19.108 --> 12:21.274 disclosure is gonna become , I think , 12:21.274 --> 12:23.850 a very critical driver of good 12:23.850 --> 12:25.910 investment moving into alternative , 12:25.910 --> 12:27.743 renewable , sustainable energy , 12:27.970 --> 12:30.192 different new kinds of energy , whether 12:30.192 --> 12:32.303 it's hydrogen , different initiatives 12:32.303 --> 12:34.440 like battery storage or fusion or 12:34.440 --> 12:36.496 fission e . I mean , there's so many 12:36.496 --> 12:38.607 different possibilities . What Europe 12:38.607 --> 12:40.940 and the United States could do together , 12:40.940 --> 12:42.996 I think , is help focus much of that 12:42.996 --> 12:45.990 energy . Many of those efforts and help 12:46.000 --> 12:48.740 to create , ah , harmonizing of the 12:48.740 --> 12:50.720 definitions and the rules and 12:50.720 --> 12:53.000 regulations that will help govern the 12:53.000 --> 12:55.160 allocation of capital going forward . 12:56.740 --> 12:58.840 We have a second question for you . 12:58.840 --> 13:01.160 Secretary from Shepherd Money from 13:01.160 --> 13:04.440 Bangladesh Special envoy John Kerry . 13:04.440 --> 13:06.607 Thank you for your remarks . This is a 13:06.607 --> 13:08.773 question on Bangladesh . Bangladesh is 13:08.773 --> 13:10.996 going to be a major victim of sea level 13:10.996 --> 13:13.630 rice . The sea level rise projected by 13:13.630 --> 13:16.060 the IPCC could potentially result in 13:16.060 --> 13:19.020 the displacement off 25 to 30 million 13:19.030 --> 13:21.160 people . This will be a major 13:21.160 --> 13:23.820 destabilizing factor not only for our 13:23.820 --> 13:25.940 country but for the wider region with 13:25.940 --> 13:28.500 significant security implications . Is 13:28.500 --> 13:30.722 the international community taking note 13:30.722 --> 13:32.444 of this and preparing for this 13:32.444 --> 13:34.850 eventuality . Thank you , sir . Thank 13:34.850 --> 13:37.230 you . So fat Secretary Kerry . Well , I 13:37.230 --> 13:40.340 can't . So far , I can't speak for 13:40.340 --> 13:42.062 everybody in the international 13:42.062 --> 13:44.118 community . But I will tell you that 13:44.118 --> 13:46.340 I've been We've been on the job now for 13:46.340 --> 13:48.396 a matter of what , Two weeks ? Three 13:48.396 --> 13:50.618 weeks ? I guess something like that and 13:50.618 --> 13:53.930 among my earliest calls was my call 13:53.940 --> 13:56.820 with the Finance Minister and then the 13:56.820 --> 13:59.910 foreign Minister of Bangladesh on . We 13:59.910 --> 14:02.450 are inviting a number of countries like 14:02.450 --> 14:05.200 Bangladesh and others that wouldn't 14:05.200 --> 14:08.460 normally come to a major developed 14:08.460 --> 14:11.120 countries summit . But we want the 14:11.120 --> 14:13.860 stakeholder nations to be present so 14:13.860 --> 14:16.120 that everybody will take account in the 14:16.120 --> 14:18.780 way that you have asked eso in April 14:18.780 --> 14:21.690 22nd . We will have representative . We 14:21.690 --> 14:23.857 can't have everybody . We're not going 14:23.857 --> 14:26.200 to run a Mini Glasco . But we are gonna 14:26.200 --> 14:27.756 have a sufficient number of 14:27.756 --> 14:31.340 representative regional participants so 14:31.340 --> 14:33.562 that the major emitting countries , the 14:33.562 --> 14:36.390 17 major economies of the world and 14:36.390 --> 14:38.750 several other big admitting countries 14:39.130 --> 14:41.800 will take note . As you've said of the 14:41.800 --> 14:44.650 plight of people who are the victims of 14:44.650 --> 14:47.230 what has been building now , ever since 14:47.230 --> 14:50.300 the Industrial Revolution on , I think 14:50.300 --> 14:52.960 there are , uh it's gonna be an 14:52.960 --> 14:55.250 important conversation at the island . 14:55.250 --> 14:57.472 Pacific States , for instance , will be 14:57.472 --> 14:59.639 represented . I know , my friend , the 14:59.639 --> 15:01.861 president of Palau , Tommy Remengesau , 15:01.861 --> 15:04.083 has been a powerful advocate for facing 15:04.083 --> 15:06.194 up to the reality of what will happen 15:06.194 --> 15:08.361 to many of these states . And what was 15:08.361 --> 15:10.920 possible 20 years ago to talk about 15:10.920 --> 15:14.650 adaptation or mitigation now is sort of 15:14.650 --> 15:16.830 reduced to a question of where are 15:16.830 --> 15:19.550 those folks going to go live and and 15:19.550 --> 15:22.050 and And how do you replace that ? So we 15:22.050 --> 15:23.960 have big choices in front of us . 15:24.300 --> 15:26.740 That's what the glass go summit will be 15:26.740 --> 15:29.540 focused on . And I don't wanna wind up 15:29.540 --> 15:31.890 like we did in Paris , where many of 15:31.890 --> 15:34.280 those voices that aren't naturally 15:34.280 --> 15:36.350 automatically at that table to begin 15:36.350 --> 15:39.330 with were absent for too long . And so 15:39.330 --> 15:41.740 they became a really rush to figure out . 15:41.740 --> 15:44.860 How do you How do you , uh , uh , 15:44.870 --> 15:47.380 adequately get inclusive and bring 15:47.380 --> 15:49.324 their thoughts ? The table ? We're 15:49.324 --> 15:51.547 gonna begin at the beginning , at least 15:51.547 --> 15:53.602 from our point of view . And I think 15:53.602 --> 15:55.713 everybody is gonna listen very , very 15:55.713 --> 15:57.936 carefully because the reality of places 15:57.936 --> 16:00.710 in the world that were 130 F . I think 16:00.710 --> 16:02.660 the ends mentioned 50 degrees . 16:02.660 --> 16:06.100 Integrate . You can't live and work in 16:06.100 --> 16:08.156 conditions like that . And that will 16:08.156 --> 16:11.020 drive . Major , uh , migration is a 16:11.020 --> 16:13.131 consequence . So we're all gonna have 16:13.131 --> 16:14.964 to think about this . It's not a 16:14.964 --> 16:17.076 Bangladesh problem . It's not a South 16:17.076 --> 16:19.353 Asia problem . It's a global challenge . 16:19.353 --> 16:21.740 And we all bear responsibility for 16:21.740 --> 16:24.560 trying to help resolve it . John , 16:24.560 --> 16:27.170 thank you so much . I wish we had a 16:27.170 --> 16:29.392 little more time . I was hoping to have 16:29.392 --> 16:31.750 time to ask you , among other things , 16:31.760 --> 16:34.820 Ah , question about this conflict 16:34.820 --> 16:38.440 ridden issue of North Stream two on 16:38.450 --> 16:42.250 transatlantic energy issues . But I 16:42.250 --> 16:44.306 think what I need to do is just send 16:44.306 --> 16:46.639 you the question over and will continue . 16:46.639 --> 16:48.806 We'll continue this discussion in a in 16:48.806 --> 16:50.806 a different format . We now need to 16:50.806 --> 16:52.972 thank you . We wish you much success . 16:52.972 --> 16:56.710 Uh , we need transatlantic success 16:56.860 --> 16:59.100 in this matter . Thank you so much , 16:59.100 --> 17:02.880 John . Over to you ? Uh , not only for 17:02.880 --> 17:03.770 our last segment .