There is a huge concern that COP26 will just be another talking shop, and I have to say I am one of those who are concerned, which I'm sure isn't a shock to Members who I've worked with since being elected. My colleague Siân Gwenllian regularly tells me I'm far too cynical for my age, but there appears to be a reluctance to come down hard on multinational companies, for example, that place greed and profiteering ahead of the environment and our future generations.

The Carbon Disclosure Project found that in 2017, just 100 firms could account for 71 per cent of global emissions since 1988. Any localised efforts to support green initiatives in Wales will be lost if we do not tackle the issues of these international polluters. For example, large investment firms have been buying Welsh farmland so that they can offset their carbon emissions. At least 12 farms have been sold recently in mid Wales to companies outside of Wales. Not only is this damaging to Welsh culture and the Welsh economy, but it doesn't address the problem. These large firms are able to greenwash while still ultimately pumping huge amounts into the atmosphere. I'd be interested to learn from the economy Minister what sanctions the Welsh Government might consider against multinationals that continue to pollute post COP26 and does the Minister believe that the purchase of Welsh farms by these multinationals is a sustainable practice within the Welsh economy.

Of course, the Minister highlighted that one promising part of the Welsh green economy is hydrogen. The hydrogen development in Wales baseline report highlighted future initiatives that could harness the use of hydrogen power. The Government is yet to respond to the developing hydrogen energy sector in Wales consultation, which the baseline report is part of, or so at least I'm led to believe by the Welsh Government website. When can we expect a response and what other initiatives has the Welsh Government identified that could utilise hydrogen power, specifically green hydrogen? If the Government is serious about preventing climate change, they must act now and they must invest in the hydrogen sector of the economy that will put Wales on the forefront and provide us with a clear advantage as other countries move to greener economies.

Further, efficient transport infrastructure is vital for businesses and the Welsh economy. The FSB found that the cost of zero-emission vehicles, alongside a lack of provision of charging points, is acting as a barrier to behavioural change for businesses. Paul Davies has touched on this already, but could the Minister outline what support will be available for businesses who wish to transition to greener alternatives? And would the Government consider setting out their long-term strategy for the transition to electric and hydrogen for SMEs in Wales?

Of course, the transition to a net-zero economy in Wales without proper Government planning and funding will be more challenging for Wales than other countries in the UK. Wales has a greater share of harder to reduce emissions, as the Minister rightly highlighted. We have more energy-intensive industries, more off-grid homes and small-scale farms, and fewer suitable sites for carbon capture and storage. One in five Welsh workers are in climate-critical sectors that would be impacted by the transition to net zero, and if the Welsh Government does not prepare properly for a just transition, there will be massive economic and societal consequences. We don't want a repeat of the past. But I will repeat, of course, my previous calls and ask if the Welsh Government will establish a just transition commission, similar to Scotland's, that will monitor Government decisions around the transitioning of the economy to a greener and fairer one.

And on steel, if I could, what consideration has the Government given to steel co-operatives and the role that they could play in a greener, fairer economy, similar to what we have seen in the Basque Country?

Finally, the Minister is no doubt aware what my position is when it comes to tackling climate change. For me, tackling the climate emergency through transitioning to a green economy has to also go hand in hand with tackling poverty. The reality is that the current way of measuring economic success is not fit for purpose, if we want to measure the impact of Welsh Government economic policy on people in Wales and the environment. For decades, the economic performance and societal progress of nations has been benchmarked on GDP. Its inadequacy in measuring people's lives, well-being and environment has increasingly been recognised. In light of this, could the Minister outline what discussions have happened within the department on how we can move away from traditional measures, such as GDP, to alternatives and progressive measures?