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Topping references Mission Possible report last year, which concluded net zero transport is possible. Trucks and road transport can get to zero at no significant cost. Electric can work for short haul flights and shipping...
Long haul shipping is harder, but world's largest operator, Maersk, is building the low emission tech it needs.
Going net zero for shipping would add less than one per cent to the cost of a pair of jeans.
Aviation is more costly, could add 20-30% to cost of a plane ticket. But assumption is bio and synfuel could drop in, so less tech disruption to the industry than some expect.
On to EVs. Looking at 1-2% penetration is the wrong thing. Look at growth rates. 41% is the key growth figure. At that point market doubles every two years...
Look at the signals, huge corporate demand thru #EV100, auto majors are teaming up, even BMW and Daimler co-operating on ridesharing, battery costs are plummeting, policy pressure only increasing.
Topping: Ben van Beurden said recently he would welcome UK phase out date being brought forward. He can see thru the disruption and sees the value in policy clarity to enable investment decisions.
Lobby groups arguing for weaker US auto regs r completely out of line with their members clean tech investment plans. Look at the oil shock. They are undermining their members' long term competitiveness.
Topping: We struggle with exponential maths. With exponential maths if you are not ahead of the curve you are planning to be behind it.
