anywhere fromen 200-2 and $50 billion for the last five years, four times more than the 1980's.ing they come agreement in paris and put in new commitments, who will be the bake winners from the effort that will be expended in coming years? >> the focus is on the low-carbon economy, wind, solar, and energy efficiency. the cheapest and easiest way to reduce energy use and emissions. we have reached the tipping point. billion,ion to $350 50% of new capacity added onto the grid, wind and solar. over the next 15 years, that will rise to 70% to 80%, a fundamental shift in the underlying energy mix, where by 2030, renewables account for 60%, and fossil fuels decline to 40% or less. what about the assets that get left behind? what other asset classes and industries will suffer? >> we need to be cognizant of this concept of stranded assets, the fostering -- fossil fuel reserves we will never get out of the ground, coal. assets have been divested. to achieve that target, the next line will be oil and gas. alix: this comes from your report. markets,ee developed global equity getting hit, i