0:00:00.597,0:00:02.478
When you're a child,

0:00:02.478,0:00:06.077
anything and everything is possible.

0:00:06.147,0:00:10.186
The challenge, so often,[br]is hanging on to that as we grow up.

0:00:10.596,0:00:12.181
And as a four-year-old,

0:00:12.181,0:00:14.841
I had the opportunity[br]to sail for the first time.

0:00:15.671,0:00:19.878
I will never forget[br]the excitement as we closed the coast.

0:00:19.878,0:00:21.643
I will never forget

0:00:21.643,0:00:24.638
the feeling of adventure[br]as I climbed on board the boat

0:00:24.638,0:00:28.280
and stared into her tiny cabin[br]for the first time.

0:00:28.280,0:00:31.488
But the most amazing feeling[br]was the feeling of freedom,

0:00:31.488,0:00:35.226
the feeling that I felt[br]when we hoisted her sails.

0:00:35.226,0:00:37.600
As a four-year-old child,

0:00:37.600,0:00:41.449
it was the greatest sense of freedom[br]that I could ever imagine.

0:00:41.449,0:00:44.792
I made my mind up there and then[br]that one day, somehow,

0:00:44.792,0:00:47.850
I was going to sail around the world.

0:00:48.530,0:00:52.360
So I did what I could in my life[br]to get closer to that dream.

0:00:52.360,0:00:55.426
Age 10, it was saving my school[br]dinner money change.

0:00:55.426,0:00:59.344
Every single day for eight years,[br]I had mashed potato and baked beans,

0:00:59.344,0:01:01.997
which cost 4p each, and gravy was free.

0:01:01.997,0:01:05.014
Every day I would pile up the change[br]on the top of my money box,

0:01:05.014,0:01:07.604
and when that pile reached a pound,[br]I would drop it in

0:01:07.604,0:01:12.167
and cross off one of the 100 squares[br]I'd drawn on a piece of paper.

0:01:12.167,0:01:15.418
Finally, I bought a tiny dinghy.

0:01:15.418,0:01:19.381
I spent hours sitting on it in the garden[br]dreaming of my goal.

0:01:19.381,0:01:22.500
I read every book I could on sailing,

0:01:22.500,0:01:25.495
and then eventually,[br]having been told by my school

0:01:25.495,0:01:27.771
I wasn't clever enough to be a vet,

0:01:27.771,0:01:32.454
left school age 17 to begin[br]my apprenticeship in sailing.

0:01:32.739,0:01:36.830
So imagine how it felt[br]just four years later

0:01:36.830,0:01:38.506
to be sitting in a boardroom

0:01:38.506,0:01:42.515
in front of someone who I knew[br]could make that dream come true.

0:01:42.895,0:01:46.003
I felt like my life[br]depended on that moment,

0:01:46.003,0:01:48.644
and incredibly, he said yes.

0:01:48.644,0:01:52.754
And I could barely contain my excitement[br]as I sat in that first design meeting

0:01:52.754,0:01:55.564
designing a boat[br]on which I was going to sail

0:01:55.564,0:01:58.443
solo nonstop around the world.

0:01:58.443,0:02:01.299
From that first meeting[br]to the finish line of the race,

0:02:01.299,0:02:03.597
it was everything I'd ever imagined.

0:02:03.597,0:02:07.498
Just like in my dreams, there were[br]amazing parts and tough parts.

0:02:07.498,0:02:09.658
We missed an iceberg by 20 feet.

0:02:09.658,0:02:12.931
Nine times, I climbed to the top[br]of her 90-foot mast.

0:02:12.931,0:02:15.300
We were blown on our side[br]in the Southern Ocean.

0:02:15.300,0:02:18.272
But the sunsets, the wildlife,[br]and the remoteness

0:02:18.272,0:02:21.597
were absolutely breathtaking.

0:02:21.857,0:02:24.504
After three months at sea, age just 24,

0:02:24.504,0:02:26.799
I finished in second position.

0:02:27.359,0:02:30.750
I'd loved it, so much so[br]that within six months

0:02:30.750,0:02:35.326
I decided to go around the world again,[br]but this time not in a race:

0:02:35.326,0:02:40.214
to try to be the fastest person ever[br]to sail solo nonstop around the world.

0:02:40.789,0:02:43.650
Now for this, I needed a different craft:

0:02:43.650,0:02:47.244
bigger, wider, faster, more powerful.

0:02:47.244,0:02:50.959
Just to give that boat some scale,[br]I could climb inside her mast

0:02:50.959,0:02:52.863
all the way to the top.

0:02:52.863,0:02:55.973
Seventy-five foot long, 60 foot wide.

0:02:56.253,0:02:58.372
I affectionately called her Moby.

0:02:58.552,0:03:00.131
She was a multihull.

0:03:00.311,0:03:03.892
When we built her, no one had ever[br]made it solo nonstop

0:03:03.892,0:03:06.191
around the world in one,[br]though many had tried,

0:03:06.191,0:03:11.063
but whilst we built her, a Frenchman[br]took a boat 25 percent bigger than her

0:03:11.063,0:03:14.852
and not only did he make it,[br]but he took the record from 93 days

0:03:14.852,0:03:17.348
right down to 72.

0:03:17.568,0:03:20.155
The bar was now much, much higher.

0:03:20.155,0:03:22.105
And these boats were exciting to sail.

0:03:22.105,0:03:25.472
This was a training sail[br]off the French coast.

0:03:25.472,0:03:29.187
This I know well because I was one[br]of the five crew members on board.

0:03:29.187,0:03:33.538
Five seconds is all it took[br]from everything being fine

0:03:33.538,0:03:36.617
to our world going black[br]as the windows were thrust underwater,

0:03:36.617,0:03:38.776
and that five seconds goes quickly.

0:03:38.776,0:03:41.679
Just see how far below[br]those guys the sea is.

0:03:41.679,0:03:45.792
Imagine that alone[br]in the Southern Ocean

0:03:45.792,0:03:49.950
plunged into icy water,[br]thousands of miles away from land.

0:03:51.270,0:03:53.560
It was Christmas Day.

0:03:53.560,0:03:56.933
I was forging into the Southern Ocean[br]underneath Australia.

0:03:56.933,0:03:59.550
The conditions were horrendous.

0:03:59.550,0:04:01.531
I was approaching a part in the ocean

0:04:01.531,0:04:05.432
which was 2,000 miles away[br]from the nearest town.

0:04:05.432,0:04:08.311
The nearest land was Antarctica,[br]and the nearest people

0:04:08.311,0:04:11.180
would be those manning[br]the European Space Station above me.

0:04:11.180,0:04:12.560
(Laughter)

0:04:12.560,0:04:15.369
You really are in the middle of nowhere.

0:04:15.369,0:04:17.180
If you need help,

0:04:17.180,0:04:18.736
and you're still alive,

0:04:18.736,0:04:21.731
it takes four days[br]for a ship to get to you

0:04:21.731,0:04:25.145
and then four days for that ship[br]to get you back to port.

0:04:25.145,0:04:27.466
No helicopter can reach you out there,

0:04:27.466,0:04:29.310
and no plane can land.

0:04:29.310,0:04:32.584
We are forging ahead of a huge storm.

0:04:32.944,0:04:35.370
Within it, there was 80 knots of wind,

0:04:35.370,0:04:38.296
which was far too much wind[br]for the boat and I to cope with.

0:04:38.296,0:04:41.337
The waves were already 40 to 50 feet high,

0:04:41.337,0:04:43.427
and the spray from the breaking crests

0:04:43.427,0:04:46.492
was blown horizontally[br]like snow in a blizzard.

0:04:46.492,0:04:50.370
If we didn't sail fast enough,[br]we'd be engulfed by that storm,

0:04:50.370,0:04:53.527
and either capsized or smashed to pieces.

0:04:53.527,0:04:56.314
We were quite literally[br]hanging on for our lives

0:04:56.314,0:04:59.518
and doing so on a knife edge.

0:04:59.518,0:05:03.351
The speed I so desperately needed[br]brought with it danger.

0:05:03.351,0:05:07.575
We all know what it's like driving a car[br]20 miles an hour, 30, 40.

0:05:07.575,0:05:10.454
It's not too stressful.[br]We can concentrate.

0:05:10.454,0:05:12.242
We can turn on the radio.

0:05:12.242,0:05:16.700
Take that 50, 60, 70, accelerate through[br]to 80, 90, 100 miles an hour.

0:05:16.700,0:05:19.974
Now you have white knuckles[br]and you're gripping the steering wheel.

0:05:19.974,0:05:22.537
Now take that car off road at night

0:05:22.537,0:05:24.873
and remove the windscreen wipers,[br]the windscreen,

0:05:24.873,0:05:26.498
the headlights and the brakes.

0:05:26.498,0:05:28.704
That's what it's like[br]in the Southern Ocean.

0:05:28.704,0:05:32.192
(Laughter) (Applause)

0:05:33.172,0:05:34.041
You could imagine

0:05:34.041,0:05:36.831
it would be quite difficult[br]to sleep in that situation,

0:05:36.831,0:05:38.511
even as a passenger.

0:05:38.781,0:05:40.306
But you're not a passenger.

0:05:40.306,0:05:42.705
You're alone on a boat[br]you can barely stand up in,

0:05:42.705,0:05:45.213
and you have to make[br]every single decision on board.

0:05:45.213,0:05:48.487
I was absolutely exhausted,[br]physically and mentally.

0:05:48.487,0:05:50.600
Eight sail changes in 12 hours.

0:05:50.600,0:05:53.130
The mainsail weighed[br]three times my body weight,

0:05:53.130,0:05:54.827
and after each change,

0:05:54.827,0:05:57.124
I would collapse on the floor[br]soaked with sweat

0:05:57.124,0:06:01.721
with this freezing Southern Ocean air[br]burning the back of my throat.

0:06:01.721,0:06:04.276
But out there, those lowest of the lows

0:06:04.276,0:06:07.596
are so often contrasted[br]with the highest of the highs.

0:06:07.596,0:06:11.659
A few days later, we came out[br]of the back of the low.

0:06:11.659,0:06:15.397
Against all odds, we'd been able[br]to drive ahead of the record

0:06:15.397,0:06:17.464
within that depression.

0:06:17.464,0:06:20.250
The sky cleared, the rain stopped,

0:06:20.250,0:06:24.569
and our heartbeat, the monstrous[br]seas around us were transformed

0:06:24.569,0:06:28.168
into the most beautiful moonlit mountains.

0:06:28.168,0:06:32.765
It's hard to explain, but you enter[br]a different mode when you head out there.

0:06:32.765,0:06:34.750
Your boat is your entire world,

0:06:34.750,0:06:37.595
and what you take with you[br]when you leave is all you have.

0:06:37.595,0:06:40.612
If I said to you all now,[br]"Go off into Vancouver

0:06:40.612,0:06:44.348
and find everything you will need for[br]your survival for the next three months,"

0:06:44.348,0:06:46.116
that's quite a task.

0:06:46.116,0:06:48.554
That's food, fuel, clothes,

0:06:48.554,0:06:50.969
even toilet roll and toothpaste.

0:06:50.969,0:06:52.432
That's what we do,

0:06:52.432,0:06:54.336
and when we leave we manage it

0:06:54.336,0:06:58.000
down to the last drop of diesel[br]and the last packet of food.

0:06:58.000,0:06:59.833
No experience in my life

0:06:59.833,0:07:03.740
could have given me a better understanding[br]of the definition of the word "finite."

0:07:03.740,0:07:05.852
What we have out there is all we have.

0:07:05.852,0:07:07.571
There is no more.

0:07:07.571,0:07:10.891
And never in my life had I ever[br]translated that definition of finite

0:07:10.891,0:07:14.211
that I'd felt on board[br]to anything outside of sailing

0:07:14.211,0:07:18.809
until I stepped off the boat at[br]the finish line having broken that record.

0:07:18.809,0:07:21.955
(Applause)

0:07:24.265,0:07:26.935
Suddenly I connected the dots.

0:07:26.935,0:07:29.164
Our global economy is no different.

0:07:29.774,0:07:32.276
It's entirely dependent[br]on finite materials

0:07:32.276,0:07:34.864
we only have once[br]in the history of humanity.

0:07:34.864,0:07:38.638
And it was a bit like seeing something[br]you weren't expecting under a stone

0:07:38.638,0:07:40.147
and having two choices:

0:07:40.147,0:07:42.701
I either put that stone to one side

0:07:42.701,0:07:46.114
and learn more about it,[br]or I put that stone back

0:07:46.114,0:07:49.876
and I carry on with my dream job[br]of sailing around the world.

0:07:50.526,0:07:52.128
I chose the first.

0:07:52.128,0:07:55.611
I put it to one side and I began[br]a new journey of learning,

0:07:55.611,0:07:59.117
speaking to chief executives,[br]experts, scientists, economists

0:07:59.117,0:08:02.739
to try to understand just how[br]our global economy works.

0:08:02.739,0:08:06.431
And my curiosity took me[br]to some extraordinary places.

0:08:06.431,0:08:09.983
This photo was taken in the burner[br]of a coal-fired power station.

0:08:11.183,0:08:14.317
I was fascinated by coal,[br]fundamental to our global energy needs,

0:08:14.317,0:08:17.274
but also very close to my family.

0:08:17.274,0:08:19.280
My great-grandfather was a coal miner,

0:08:19.280,0:08:22.600
and he spent 50 years[br]of his life underground.

0:08:23.520,0:08:26.315
This is a photo of him,[br]and when you see that photo,

0:08:26.315,0:08:28.480
you see someone from another era.

0:08:28.800,0:08:31.818
No one wears trousers[br]with a waistband quite that high

0:08:31.818,0:08:34.303
in this day and age. (Laughter)

0:08:34.303,0:08:36.973
But yet, that's me[br]with my great-grandfather,

0:08:36.973,0:08:41.106
and by the way, they are not[br]his real ears. (Laughter)

0:08:41.106,0:08:45.564
We were close. I remember sitting on[br]his knee listening to his mining stories.

0:08:45.564,0:08:47.816
He talked of the camaraderie underground,

0:08:47.816,0:08:51.253
and the fact that the miners used to save[br]the crusts of their sandwiches

0:08:51.253,0:08:54.341
to give to the ponies[br]they worked with underground.

0:08:54.341,0:08:56.732
It was like it was yesterday.

0:08:56.732,0:08:58.520
And on my journey of learning,

0:08:58.520,0:09:00.842
I went to the World[br]Coal Association website,

0:09:00.842,0:09:03.164
and there in the middle[br]of the homepage, it said,

0:09:03.164,0:09:06.322
"We have about 118 years of coal left."

0:09:06.322,0:09:09.456
And I thought to myself, well,[br]that's well outside my lifetime,

0:09:09.456,0:09:12.335
and a much greater figure[br]than the predictions for oil.

0:09:12.335,0:09:15.400
But I did the math, and I realized[br]that my great-grandfather

0:09:15.400,0:09:19.974
had been born exactly 118 years[br]before that year,

0:09:19.974,0:09:22.737
and I sat on his knee[br]until I was 11 years old,

0:09:22.737,0:09:24.641
and I realized it's nothing

0:09:24.641,0:09:26.963
in time, nor in history.

0:09:26.963,0:09:30.121
And it made me make a decision[br]I never thought I would make:

0:09:30.121,0:09:32.466
to leave the sport[br]of solo sailing behind me

0:09:32.466,0:09:35.531
and focus on the greatest challenge[br]I'd ever come across:

0:09:35.531,0:09:37.861
the future of our global economy.

0:09:37.861,0:09:40.570
And I quickly realized it wasn't[br]just about energy.

0:09:40.570,0:09:42.613
It was also materials.

0:09:42.613,0:09:44.772
In 2008, I picked up a scientific study

0:09:44.772,0:09:46.816
looking at how many years we have

0:09:46.816,0:09:49.532
of valuable materials[br]to extract from the ground:

0:09:49.532,0:09:53.921
copper, 61; tin, zinc, 40; silver, 29.

0:09:53.921,0:09:57.937
These figures couldn't be exact,[br]but we knew those materials were finite.

0:09:57.937,0:09:59.674
We only have them once.

0:09:59.674,0:10:03.208
And yet, our speed that we've used[br]these materials has increased rapidly,

0:10:03.208,0:10:04.950
exponentially.

0:10:04.950,0:10:07.806
With more people in the world[br]with more stuff,

0:10:07.806,0:10:10.580
we've effectively seen[br]100 years of price declines

0:10:10.580,0:10:13.425
in those basic commodities[br]erased in just 10 years.

0:10:13.425,0:10:15.212
And this affects all of us.

0:10:15.212,0:10:17.232
It's brought huge volatility in prices,

0:10:17.232,0:10:20.081
so much so that in 2011,

0:10:20.081,0:10:22.619
your average European car manufacturer

0:10:22.619,0:10:25.173
saw a raw material price increase

0:10:25.173,0:10:27.379
of 500 million Euros,

0:10:27.379,0:10:29.701
wiping away half their operating profits

0:10:29.701,0:10:33.260
through something they have[br]absolutely no control over.

0:10:33.260,0:10:36.390
And the more I learned, the more[br]I started to change my own life.

0:10:36.560,0:10:38.849
I started traveling less,[br]doing less, using less.

0:10:38.849,0:10:42.390
It felt like actually doing less[br]was what we had to do.

0:10:42.390,0:10:44.740
But it sat uneasy with me.

0:10:44.740,0:10:45.862
It didn't feel right.

0:10:45.862,0:10:48.358
It felt like we were[br]buying ourselves time.

0:10:48.358,0:10:50.250
We were eking things out a bit longer.

0:10:50.250,0:10:53.477
Even if everybody changed,[br]it wouldn't solve the problem.

0:10:53.477,0:10:55.521
It wouldn't fix the system.

0:10:55.521,0:10:58.562
It was vital in the transition,[br]but what fascinated me was,

0:10:58.562,0:11:02.951
in the transition to what?[br]What could actually work?

0:11:02.951,0:11:07.246
It struck me that the system itself,[br]the framework within which we live,

0:11:07.246,0:11:09.545
is fundamentally flawed,

0:11:09.545,0:11:12.804
and I realized ultimately

0:11:12.804,0:11:15.837
that our operating system,[br]the way our economy functions,

0:11:15.837,0:11:19.320
the way our economy's been built,[br]is a system in itself.

0:11:19.320,0:11:22.222
At sea, I had to understand[br]complex systems.

0:11:22.222,0:11:24.100
I had to take multiple inputs,

0:11:24.100,0:11:25.612
I had to process them,

0:11:25.612,0:11:28.500
and I had to understand the system to win.

0:11:28.500,0:11:30.233
I had to make sense of it.

0:11:30.233,0:11:34.296
And as I looked at our global economy,[br]I realized it too is that system,

0:11:34.296,0:11:38.708
but it's a system that effectively[br]can't run in the long term.

0:11:38.708,0:11:42.469
And I realized we've been perfecting[br]what's effectively a linear economy

0:11:42.469,0:11:44.339
for 150 years,

0:11:44.339,0:11:46.370
where we take a material[br]out of the ground,

0:11:46.370,0:11:48.878
we make something out of it,[br]and then ultimately

0:11:48.878,0:11:52.152
that product gets thrown away,[br]and yes, we do recycle some of it,

0:11:52.152,0:11:55.147
but more an attempt to get out[br]what we can at the end,

0:11:55.147,0:11:57.353
not by design.

0:11:57.353,0:12:00.557
It's an economy that fundamentally[br]can't run in the long term,

0:12:00.557,0:12:03.590
and if we know that we[br]have finite materials,

0:12:03.590,0:12:06.919
why would we build an economy[br]that would effectively use things up,

0:12:06.919,0:12:08.777
that would create waste?

0:12:08.777,0:12:11.702
Life itself has existed[br]for billions of years

0:12:11.702,0:12:15.324
and has continually adapted[br]to use materials effectively.

0:12:15.324,0:12:18.645
It's a complex system,[br]but within it, there is no waste.

0:12:18.645,0:12:20.874
Everything is metabolized.

0:12:21.244,0:12:24.783
It's not a linear economy[br]at all, but circular.

0:12:25.934,0:12:28.931
And I felt like the child in the garden.

0:12:28.931,0:12:33.598
For the first time on this new journey,[br]I could see exactly where we were headed.

0:12:33.598,0:12:37.382
If we could build an economy that would[br]use things rather than use them up,

0:12:37.382,0:12:40.610
we could build a future that really[br]could work in the long term.

0:12:40.610,0:12:42.514
I was excited.

0:12:42.514,0:12:44.673
This was something to work towards.

0:12:44.673,0:12:48.450
We knew exactly where we were headed.[br]We just had to work out how to get there,

0:12:48.450,0:12:50.380
and it was exactly with this in mind

0:12:50.380,0:12:54.095
that we created the Ellen MacArthur[br]Foundation in September 2010.

0:12:55.485,0:12:59.348
Many schools of thought fed our thinking[br]and pointed to this model:

0:12:59.348,0:13:03.968
industrial symbiosis, performance economy,[br]sharing economy, biomimicry,

0:13:03.968,0:13:06.724
and of course, cradle-to-cradle design.

0:13:06.894,0:13:10.579
Materials would be defined[br]as either technical or biological,

0:13:10.579,0:13:13.600
waste would be designed out entirely,

0:13:13.600,0:13:16.112
and we would have a system[br]that could function

0:13:16.112,0:13:18.294
absolutely in the long term.

0:13:18.294,0:13:20.361
So what could this economy look like?

0:13:21.151,0:13:25.089
Maybe we wouldn't buy light fittings,[br]but we'd pay for the service of light,

0:13:25.089,0:13:27.532
and the manufacturers[br]would recover the materials

0:13:27.532,0:13:30.693
and change the light fittings[br]when we had more efficient products.

0:13:30.693,0:13:33.990
What if packaging was so nontoxic[br]it could dissolve in water

0:13:33.990,0:13:37.102
and we could ultimately drink it?[br]It would never become waste.

0:13:37.102,0:13:39.215
What if engines were re-manufacturable,

0:13:39.215,0:13:41.490
and we could recover[br]the component materials

0:13:41.490,0:13:43.720
and significantly reduce energy demand.

0:13:43.720,0:13:47.160
What if we could recover components[br]from circuit boards, reutilize them,

0:13:47.160,0:13:49.823
and then fundamentally recover[br]the materials within them

0:13:49.823,0:13:51.225
through a second stage?

0:13:51.225,0:13:53.517
What if we could collect[br]food waste, human waste?

0:13:53.517,0:13:56.698
What if we could turn that[br]into fertilizer, heat, energy,

0:13:56.698,0:13:59.694
ultimately reconnecting nutrients systems

0:13:59.694,0:14:02.805
and rebuilding natural capital?

0:14:02.805,0:14:05.707
And cars -- what we want[br]is to move around.

0:14:05.707,0:14:08.350
We don't need to own[br]the materials within them.

0:14:08.350,0:14:09.989
Could cars become a service

0:14:09.989,0:14:12.543
and provide us with[br]mobility in the future?

0:14:13.033,0:14:17.230
All of this sounds amazing, but these[br]aren't just ideas, they're real today,

0:14:17.230,0:14:19.950
and these lie at the forefront[br]of the circular economy.

0:14:19.950,0:14:24.454
What lies before us is to expand them[br]and scale them up.

0:14:24.454,0:14:27.429
So how would you shift[br]from linear to circular?

0:14:27.899,0:14:31.195
Well, the team and I at the foundation[br]thought you might want to work

0:14:31.195,0:14:33.069
with the top universities in the world,

0:14:33.069,0:14:35.089
with leading businesses within the world,

0:14:35.089,0:14:37.437
with the biggest convening[br]platforms in the world,

0:14:37.437,0:14:38.439
and with governments.

0:14:38.439,0:14:41.059
We thought you might want[br]to work with the best analysts

0:14:41.059,0:14:42.313
and ask them the question,

0:14:42.313,0:14:45.514
"Can the circular economy decouple[br]growth from resource constraints?

0:14:45.514,0:14:49.136
Is the circular economy able[br]to rebuild natural capital?

0:14:49.136,0:14:52.781
Could the circular economy[br]replace current chemical fertilizer use?"

0:14:52.781,0:14:55.127
Yes was the answer to the decoupling,

0:14:55.127,0:14:58.145
but also yes, we could replace[br]current fertilizer use

0:14:58.145,0:15:01.930
by a staggering 2.7 times.

0:15:02.690,0:15:05.250
But what inspired me most[br]about the circular economy

0:15:05.250,0:15:08.239
was its ability to inspire young people.

0:15:08.779,0:15:11.914
When young people see the economy[br]through a circular lens,

0:15:11.914,0:15:16.450
they see brand new opportunities[br]on exactly the same horizon.

0:15:16.488,0:15:19.093
They can use their creativity[br]and knowledge

0:15:19.093,0:15:21.480
to rebuild the entire system,

0:15:21.480,0:15:23.593
and it's there for the taking right now,

0:15:23.593,0:15:26.049
and the faster we do this, the better.

0:15:26.049,0:15:29.119
So could we achieve this[br]in their lifetimes?

0:15:29.119,0:15:31.255
Is it actually possible?

0:15:31.255,0:15:32.765
I believe yes.

0:15:33.105,0:15:36.944
When you look at the lifetime of[br]my great-grandfather, anything's possible.

0:15:37.574,0:15:41.310
When he was born, there were only[br]25 cars in the world;

0:15:41.310,0:15:43.740
they had only just been invented.

0:15:43.740,0:15:47.671
When he was 14, we flew[br]for the first time in history.

0:15:47.671,0:15:50.160
Now there are 100,000 charter flights

0:15:50.160,0:15:52.106
every single day.

0:15:52.106,0:15:56.100
When he was 45, we built[br]the first computer.

0:15:56.100,0:15:59.257
Many said it wouldn't catch on,[br]but it did, and just 20 years later

0:15:59.257,0:16:01.278
we turned it into a microchip

0:16:01.278,0:16:05.480
of which there will be thousands[br]in this room here today.

0:16:05.480,0:16:08.359
Ten years before he died,[br]we built the first mobile phone.

0:16:08.359,0:16:10.333
It wasn't that mobile, to be fair,

0:16:10.333,0:16:12.307
but now it really is,

0:16:12.307,0:16:16.277
and as my great-grandfather[br]left this Earth, the Internet arrived.

0:16:16.277,0:16:18.390
Now we can do anything,

0:16:18.390,0:16:19.670
but more importantly,

0:16:19.670,0:16:21.985
now we have a plan.

0:16:21.985,0:16:23.990
Thank you.

0:16:24.640,0:16:33.281
(Applause)