RENEWABLE ENERGY: THE 2050 REMIX 1. Record Growth in Renewables Achieved Despite Energy Crisis (irena.org) 2. Fossil fuel consumption subsidies soared to record heights in 2022 3. Renewable Capacity Statistics 2023 and the report Highlights. (irena.org) 4. Record Growth in Renewables Achieved Despite Energy Crisis (irena.org) 5. The faster than expected drop in gas supply (eg, in Europe -13% YoY) has played a role in the expansion of renewable energy, but it is mainly the 2022 hydro and nuclear power de昀椀cits (lowest level since 2000) in Europe that pushed growth in solar and wind (as well as coal – but rather stockpiles oriented than switching gas-to-coal) 6. To date, only a few scenarios have been marginally updated, eg, a parameter adjustment for the BP forecast 7. United Nations Climate Change – The Paris Agreement 8. Renewable Capacity Statistics 2023 9. A n ew age of energy in昀氀ation: climate昀氀ation, fossil昀氀ation and green昀氀ation (europa.eu) 10. What is “Intermittency” in Renewable Energy? – EnergyX | Energy Exploration Technologies, Inc. 11. World Energy Transitions Outlook 2022 12. Net Zero by 2050 13-15. Investment needs of USD 35 trillion by 2030 for successful energy transition 16. Global landscape of renewable energy 昀椀nance 2023 17. Sustainable activities must Do No Signi昀椀cant Harm to environmental objectives of sustainable activities as set out in the EU taxonomy 18. United Nations Sustainable Development Goals Investing involves risk. The value of an investment and the income from it will 昀氀uctuate and investors may not get back the principal invested. Past performance is not indicative of future performance. This is a marketing communication. It is for informational purposes only. This document does not constitute investment advice or a recommendation to buy, sell or hold any security and shall not be deemed an o昀昀er to sell or a solicitation of an o昀昀er to buy any security. 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