Imagine you needed to solve the greatest problem facing humanity; a problem that was universally acknowledged and whose solution was an urgent necessity. Most of us would do anything to save a person we love. Surely we would also spend any amount of money, mortgage our futures even, to save the planet, our life-support system, from catastrophic climate change? But with such commitment and devotion comes vulnerability. This is particularly so when it comes to the issue of climate finance.
Of course, CCS may be developed by other countries, and the Treasury is probably hoping that it will prove cheaper for someone else to develop the technology and then buy it in. But, until then, policy will need to deploy renewables at much greater scale, and push industry to transform to become much more resource productive. This will be the real energy reset.
As we head towards COP21, the critical climate negotiations taking place in Paris in December, anyone invested in the Global Goals should think seriously about having the word SUSTAINABLE emblazoned on our foreheads. It should be front, back and centre of mind at all times because without the S factor we risk losing advances that have been fought for and undoing gains that have been won.
Come on, environmentalists. Don't hide behind the phrase 'green jobs'. If you want more renewables now, explain why you believe that environment trumps economics. If you believe that the UK should unilaterally lower our own carbon emissions immediately when the rest of the world isn't, and when our own action would be dwarfed by global trends, please tell us why. Make that case.