Ian Verrender

You know, what do we do from here?

Do we head down the path of renewables?

Do we go some other way?

Clearly, fossil fuels, the writing is on the wall.

You're seeing in Australia, you're seeing a massive uptake of electric vehicles right now.

It's as though Donald Trump and Benjamin Netanyahu have just imposed a great big giant carbon tax on the world.

oil prices are going to be elevated for years and possibly might not come down to the extent that they had previously.

So I think it is useful to get a lot of people into a room to kind of thrash out where we go from here.

And it's interesting, you know, when you look at the philosophy around how you run

economies and how you run the global economy, if you just look at the shift in attitudes from the global financial crisis, and remember in the aftermath of the global financial crisis, you had the IMF there insisting on borrowing nations, that they had to basically

slash spending, right?

And they put millions upon millions of people out of work because they had an ethos that was kind of rooted in that Reaganism, Thatcherite era of small government, no government spending, your debts are too big,

They didn't care about the people within the country, within society, within the economy.

They just thought about the economy itself.

You compare that to the, you know, response to COVID, where it was spend like drunken sailors because you can't afford to have huge numbers of people out of work.

So, you know, the philosophy does change and, you know, it could change again as a result of this meeting, these upcoming meetings.

Yeah, look, absolutely.

You know, for a decade or so, I've been reading reports from investment banks essentially talking about the cheapest energy generation is through renewables.

And then you go to coal, then you go to gas, then you go to nuclear, right?

So up that cost curve.