Merci!

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7/ Our key policy messages:
1️⃣ Variable renewables are the backbone
2️⃣ Electrification requires technology clarity, not technology neutrality

This graph also very nicely shows how solar and wind power complement each other across seasons. The two together are pretty constant on this timescale.

yes, you're absolutely right. Without knowing the numbers, I would even guess that this was the single most important emissions reducing investment, at least in some countries like US and UK, although it mainly happened for reasons other than protecting the climate

no, because I don't know what "breakthrough tech" is, and I doubt that it is needed. I would agree to the statement that if emission reductions come from measures that, even if scaled up, cannot eliminate emissions, they are probably not steps towards and certainly not necessary for zero emissions

Thanks - interesting paper! If I read it correctly, the ETS price as such doesn't exactly affect investment expectations, but a high floor price, above the highest expected ETS price, does. What does that mean - that certainty is key for investment, or that certainty AND much higher price needed?

Thanks for this - I didn't know that report! That's very interesting, and now we need to know what they invested in. We know there has been investment, in better coal boilers, efficiency, and new cars. I guess it's difficult to find zero-carbon investment in econometric analysis, because no data

I guess so. And I also guess that whatever they're worrying at the moment is the aspect they emphasise in interviews.

I think it is an issue, and a very big one: reducing emissions is great, but only really helpful for meeting 2 degrees if that reduction is a step towards zero. So if reductions come from efficiency or lower- but still fossil resources then we are not moving towards zero, despite the reduction

So if they say they will invest: what is the trigger - the prospect of a (credible) zero cap, or the prospect of a high(er) carbon price? I bet it's the first, and not the second. But I don't know: as always, we need empirical studies!

So yes: I think we urgently need empirical evidence about the investment effects of carbon pricing! I don't think we need another 250 econometric papers quantifying emission reductions, but we need to know whether CP triggers investment and if yes investment in what