Government policies ‘won’t turn the tide’ of the energy transition

So maybe just an open-ended question to start.

How would you characterize the state of energy transition today?

I can say I'm an optimist on this transition because it's something that has been going on forever.

The transition is intrinsic in the energy field since its inception because technology drives it and technology is evolving.

The difference is that this time the transition is fast enough for us to realize it in almost real time.

So we can appreciate the change year after year after year, rather decades after decade after decade, and we see this in an accelerated way.

And the transition that I see is one driven by two forces that combine.

One is the improvement in computing power which enabled designers to simulate and refine their products fantastically and increasingly better and the other force is the improvement in material science and the combination of these two things explain deep down why certain things got competitive all of a sudden that were not competitive before and why this change and that change and that change, all of a sudden becomes economically possible, easy to implement, less risky, and therefore is adopted by everybody.

So why am I optimistic? Because I see these forces at work now, not just in the energy field but in other fields in general in the industry and the economy in fact everybody is always surprised by the speed at which this thing happens it's it's it's never linear it's a constant of this it's not linear and therefore it gives you a lot of uncertainty and keeps you on the edge but at the end it improves performance it makes everything more efficient less energy hungry and that's why i'm i'm optimistic