reactors? it is notjust the kind of thing you can make a decision one day and they appear a couple of years later. it is impressive, the scale of it. we can talk to the managing director here. what does it take to build something of this scale? it is a long term project. we think of these projects a century long, ten years to develop, tend to construct, 80 years of operation and ten years of decommissioning so you have to think long term. much of the cost of this project is the financing cost. forfuture projects we need to take the learning from here, copy and paste technology and design but find a new way to finance it and lower the cost of the project and the impact on consumers. the more you build, the costs will come down? the first unit is just behind us. it has been tough. we have learnt a lot of lessons. it has been challenging.
zero, not quite. we ve got 80% of the technology, but it is expensive. it needs to be rolled out at scale. the so called learning curves that all engineers want to see, the more you build, the cheaper it is, the more efficient it becomes. we have that. what we do not have is the right commercial framework. remember, that for many years and still in many cases, the oil and gas industry was subsidised by taxes, they were given a ride offs, preferences. it is time now for the non oil and gas energy business to get some kick starts where the risk is too high for the private sector, which is the most important thing here, to invest money. here which is the most important thing here, to invest money. which is the most important thing here, to invest money. here in the uk the labour here, to invest money. here in the uk the labour party here, to invest money. here in the uk the labour party have - here, to invest money. here in the | uk the labour party have suggested here, to invest mone
of the biggest oil firms to leading investment in clean energy. so, what is it going to take to get enough of this green energy production to wean ourselves off fossil fuels? continuous development of technology is very important. we have enough technology today to do a very good job of getting down to net zero, not quite. we ve got 80% of the technology, but it is expensive. it needs to be rolled out at scale. the so called learning curves that all engineers want to see, the more you build, the cheaper it is, the more efficient it becomes. we have that. what we do not have is the right commercial framework. remember, that for many years and still in many cases, the oil and gas industry
leading investment in clean energy, so what is going to take to get enough of this green energy production to wean ourselves off fossil fuels? 50. ourselves off fossil fuels? so, continuous ourselves off fossil fuels? sr, continuous development of technology is very important indeed. we have enough technology today to do a very good job of getting down to net 0- good job of getting down to net 0 not quite. let s say we have 80% of the technology but it s a bit expensive, it has to be rolled out at scale to get the economies of scale, the so called learning curves that all engineers love to see. the more you build, the cheaper it is, the more efficient it becomes. so we have that. what we don t have is the right commercial framework. we don t have is the right commercialframework. remember, commercial framework. remember, for many commercialframework. remember, for many years and still in many cases the oil and gas industry was sort of subsidised by taxes. they were given