Enabling the Transition – Climate Innovation Systems

 

WWF Report - Enabling the TransitionA new WWF Report compiles assessments from nine economies – China, India, Kenya, Tanzania, Uganda, Ghana, the Netherlands, Sweden, and the European Union, and shows a range of common conditions for moving quickly to reduce dangerous emissions of carbon dioxide. Strategies include strengthening domestic and international technology collaboration, establishing new low-carbon markets, stimulating demand, and attracting private capital. WWF estimates additional investment requirements of $1.4 to 4.7 trillion per year for the transition to 100% renewable energy – increasing steeply from current investments in wind and solar energy in G20 countries at $175 billion in 2010.

 

Carefully designed policies are essential and should include re-directing the existing $ 200-500 billion global fossil fuel subsidies into sustainable energy solutions, as well as rewarding transformative solutions in public procurement and economic stimulus packages.

 

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