I first want to get on the record that, according to BloombergNEF, renewable energy investment for the first half of 2023 hit a record of $358 billion across the globe. A large chunk of it was in solar and wind, and across many countries: China, Germany, the United States and other jurisdictions. I don't think that's going to stop, if I can put that in very simple terms. I think you're going to continue to see strength in investment in the renewable energy sector across the world and that large capital pools are going to continue to be attracted.
To Mr. Friesen at ATCO, the Inflation Reduction Act just hit its one-year anniversary about a month ago or so. You are correct that the enabling legislation from our side—as I commented—is still coming through. That is different from the legislative process in the United States, where it is very clear and definitive when a law is put in place, and you can read it and it's very easy and simple to understand.
One comment you made was about aligning regulatory processes with outcomes, the third pillar. Can you elaborate on that? The second point I would like to hear some elaboration on is this: You touched on the importance of hydrogen or the cost curve on hydrogen coming down, if I understood correctly. If you could comment on those two, that would be great.