Gustaf Alströmer: Two specific things that went well in the last say 12 or 24 months. First one was politics. So in the United States we got the IRA, which is like it's called the Inflation Reduction Act. It makes sense because shift into greener energy is going to actually reduce inflation because it reduces energy costs. But it's really a climate bill, right? It really is a bill that is focusing on onshoring, a lot of supply chain for the green economy and incentivizing a lot of this change that we just talked about. Whether it's carbon removal or home energy or home heating, whatever it might be, this bill addresses all of it and is massive. So that's one really good news. Politics didn't have a lot of good news in the US for a long time on this. Maybe not ever actually.
It makes sense because shift into greener energy is going to actually reduce inflation because it reduces energy costs.