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Are the Costs of Transition Resolved or Not?
The world has become accustomed to lower price, reliable energy. How do you see those tensions being resolved or not? Youre right, this is a huge problem. And we're seeing that attitude of refusal to accept some of the costs of transition already evident. In europe, there is a current, very politically charged debate about whether natural gas and nuclear should be considered green in the taxonomy of what's encouraged for investment. But i think if you don't consider natural gas with proper controls on fugitive emissions, you find that a switch from coal to as in the emerging economies will be 50% less carbon intensive.