Clear climate framework, global emissions target key to unlocking $48-53 trillion for new sustainable energy infrastructure, says World Energy Council

May 31, 2015 |

In Mexico, development of a clear climate framework and a global emissions target is essential if $48-53 trillion for a new sustainable energy infrastructure is to be delivered, according to a new Report from the World Energy Council.

The findings are uncovered today in the fifth edition of the energy leaders dialogue series, the World Energy Trilemma Report, ‘Priority actions on climate change and how to balance the energy trilemma’, released by the World Energy Council.

Drawing upon the insights of more than 2,500 industry leaders and policymakers from across the globe, the Report identifies five policy enablers which are key to the successful transition to a low carbon energy system:

– Remove barriers to trade and enable technology transfer, including tariffs on environmental goods and services, and protecting intellectual property rights.

– Set a carbon price to level the playing field and redirect investment towards low-carbon solutions.

– Provide the right policy signals to scale up investment, accompanied by a portfolio of bankable projects to attract more private capital.

– Place greater emphasis on demand management including increasing energy efficiency across all sectors covering residential, commercial, industrial and transport.

– Prioritize and build platforms for innovation and RD&D, principally in the investment case for new technologies, as well as a new era of collaboration between the public and private sectors.

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Category: Fuels

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