Climate change is arguably the number one issue of our times. Increasing global realization of this, and confrontation of the actions necessary to mitigate it, has already had a substantial impact on the industries Wellington serves, and we expect this trend to continue.  Global electricity demand is outpacing growth of renewable generation. The IEA’s roadmap to net-zero calls for coal-fired electricity generation to fall by 6% a year: in practice, it is expected to increase by 3% in 2022. International Energy Agency, 2021