“One of the things that we think is quite remarkable now is that the shift to a low carbon world will actually happen regardless of carbon price or policy. It’s the technology that’s the wildcard now. How quickly can renewables costs fall, how quickly can competing technologies in the transport sector, such as electric vehicles, begin to take a bigger market share on a purely economic basis.”

—–  Paul McConnell, research director of global trends for energy consultant Wood Mackenzie