TSLA - Day 1 Of COP 26: Signs That Renewables Transition Might Accelerate

• After an ineffectual G20 immediately prior to COP 26, there was pessimism about significant outcomes from COP 26.
• Day 1 produced signs that the emergency is acknowledged and some indications that real progress is being contemplated.
• Deal on deforestation endorsed by 100 country leaders, including key countries struggling with deforestation including Brazil, Indonesia, Democratic Republic of Congo.
• If COP 26 produces commitments to decarbonize and produce major cuts (eg 50%) in emissions by 2030, this will herald the biggest investment boom the world has ever seen.
• Investors might consider what they will do if the exit from fossil fuel is accelerated and the switch to renewables based on trillions of dollars of new investment looks possible.

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