Trending...
- New Book, The KI of Marketing, Helps Small Businesses Grow Without Trying to Outspend Bigger Competitors
- LATO AI Automates Customer Communication to Help CSide Sports Academy and BAT 24 Nation Grow
- LCC Asia Pacific Sponsors CubeSatPlus 2026 at UNSW Sydney
PITTSBURGH--(BUSINESS WIRE)--Governments must deliberately use public investment and regulation to rapidly scale-up clean energy technologies to bring down costs, achieve global climate goals and boost economies worldwide, according to a new report launched today by leading international economists and energy policy experts.
Ten Principles for Policymaking in the Energy Transition: Lessons from experience calls for governments to urgently reshape their policy approaches to accelerate innovation, job-creation, and cost reduction in the transition from fossil fuels to clean energy.
The report, based on a comprehensive analysis of the last three decades of global energy policy, shows that to replicate the outstanding successes of the energy transition so far, such as offshore wind and solar PV, governments must go beyond just providing a 'level playing field' where technologies are left to compete against each other. In fact, they should proactively use the three levers of policy: investment, tax and regulation, to accelerate innovation and cost reduction in clean technologies. The report recommends that governments should also target 'tipping points', where clean technologies gain an advantage over fossil fuels, leading to a rapid reallocation of investment.
More on The PennZone
Contrary to some of the advice given to governments over the past 30 years, government policy, investment and regulation can cut energy costs instead of increasing them, crowd in private investment instead of crowding it out, and accelerate innovation and growth. The successes of onshore wind, offshore wind, solar PV and electric vehicles were driven by governments directly identifying and supporting the technologies that they needed to succeed.
Laura Diaz Anadon, Professor of Climate Change Policy at the University of Cambridge, one of the lead authors, said: "Governments cannot simply set the goal and expect the market to deliver. They must be active participants; investing and regulating to bring down costs and making strategic technology choices to incentivise, de-risk and focus the private sector. Doing so in an adaptive fashion can deliver a transition to clean energy that is faster, cheaper and more sustainable for all."
Investment into clean energy sectors, including power generation, electricity grids, road transport, steelmaking and hydrogen, could support 65 million jobs and $26 trillion of benefits by 2030.i The report shows how government interventions can create technology tipping points, which in turn unlock competitiveness, investment and the lowest cost decarbonisation – achieving a faster energy transition and lowering bills for consumers.
More on The PennZone
[ENDS]
Notes to editors
About the Economics of Energy Innovation and System Transition (EEIST) Project
Economics of Energy Innovation and System Transition (EEIST) is a three year project led by a consortium of academic experts in complexity economics and systems thinking across the UK, EU, Brazil, China, and India. The project aims to apply new economic approaches to support decarbonisation policy decision making in partner countries. The EEIST research is independent and does not represent the views of the UK government or governments of the partner countries and the EU.
i New Climate Economy https://newclimateeconomy.report/2018/wp-content/uploads/sites/6/2019/04/NCE_2018Report_Full_FINAL.pdf
Contacts
Max Boon, Greenhouse Communications
EEIST@greenhouse.agency
Ten Principles for Policymaking in the Energy Transition: Lessons from experience calls for governments to urgently reshape their policy approaches to accelerate innovation, job-creation, and cost reduction in the transition from fossil fuels to clean energy.
The report, based on a comprehensive analysis of the last three decades of global energy policy, shows that to replicate the outstanding successes of the energy transition so far, such as offshore wind and solar PV, governments must go beyond just providing a 'level playing field' where technologies are left to compete against each other. In fact, they should proactively use the three levers of policy: investment, tax and regulation, to accelerate innovation and cost reduction in clean technologies. The report recommends that governments should also target 'tipping points', where clean technologies gain an advantage over fossil fuels, leading to a rapid reallocation of investment.
More on The PennZone
- StockResearch AI Initiates Coverage on Apple (AAPL) With New Report Examining Valuation, AI Strategy and Future Growth
- Netberg Announces the Aurora X2 Switch Series, Built on Xsight Labs' Programmable X2 Silicon
- Imagen Golf Named Exclusive Golf Instruction Partner at Wood Lane Golf and Social
- Pete Verbica: America Needs Statesmanship and Common Sense — Not a Cult of Personality
- Heidi G. Villari of The Villari Firm, PLLC Recognized in The Best Lawyers in America 2027 for Construction Law and Personal Injury Litigation
Contrary to some of the advice given to governments over the past 30 years, government policy, investment and regulation can cut energy costs instead of increasing them, crowd in private investment instead of crowding it out, and accelerate innovation and growth. The successes of onshore wind, offshore wind, solar PV and electric vehicles were driven by governments directly identifying and supporting the technologies that they needed to succeed.
Laura Diaz Anadon, Professor of Climate Change Policy at the University of Cambridge, one of the lead authors, said: "Governments cannot simply set the goal and expect the market to deliver. They must be active participants; investing and regulating to bring down costs and making strategic technology choices to incentivise, de-risk and focus the private sector. Doing so in an adaptive fashion can deliver a transition to clean energy that is faster, cheaper and more sustainable for all."
Investment into clean energy sectors, including power generation, electricity grids, road transport, steelmaking and hydrogen, could support 65 million jobs and $26 trillion of benefits by 2030.i The report shows how government interventions can create technology tipping points, which in turn unlock competitiveness, investment and the lowest cost decarbonisation – achieving a faster energy transition and lowering bills for consumers.
More on The PennZone
- When the Coroner's Report Isn't Enough: Colorado Families Turn to Private Autopsy for Closure
- Nearly One-Third of CRE Asset Managers Make Major Capital Decisions on Gut Instinct, New Survey Finds
- RemoteBridge Names Dr. John N. Just, Ed.D. Chief Executive Officer
- Project CIVICA Report Finds 10,680 Non-Citizen Indicators on New York Voter Rolls — Including 88 Records with Recent Voting History
- New Analysis Details Three Converging Forces in AI and Workforce Policy Behind a $37 Billion GDP Reduction
[ENDS]
Notes to editors
About the Economics of Energy Innovation and System Transition (EEIST) Project
Economics of Energy Innovation and System Transition (EEIST) is a three year project led by a consortium of academic experts in complexity economics and systems thinking across the UK, EU, Brazil, China, and India. The project aims to apply new economic approaches to support decarbonisation policy decision making in partner countries. The EEIST research is independent and does not represent the views of the UK government or governments of the partner countries and the EU.
i New Climate Economy https://newclimateeconomy.report/2018/wp-content/uploads/sites/6/2019/04/NCE_2018Report_Full_FINAL.pdf
Contacts
Max Boon, Greenhouse Communications
EEIST@greenhouse.agency
0 Comments
Latest on The PennZone
- The Alistair Apartments Reaches 95% Occupancy in Downtown Lancaster, PA
- Food Journal Magazine Focuses Its Los Angeles Dining Coverage Across Three Editorial Verticals
- Where Do Missouri Plane Crashes Really Happen? Not Where You'd Think
- LCC Asia Pacific Sponsors CubeSatPlus 2026 at UNSW Sydney
- Kellyn Endorses National Push to Expand Food is Medicine
- LATO AI Automates Customer Communication to Help CSide Sports Academy and BAT 24 Nation Grow
- Real Estate Syndication Attorney Tilden Moschetti Releases The Real Estate Private Equity Blueprint
- 5X Gross Margin Improvement to Beat EPS Consensus; $54.6 Million 10-Year Contract Award Puts Cybersecurity Leader on Path to a $30 Million Run Rate
- Tina Hasselbusch, Turnstone Creative Co-founder and Chief Executive Officer, Named to LVB 300
- Pittsburgh Family Law Attorneys at Pollock Begg Earn Top Honors in 2027 Best Lawyers Guide
- Independent Colbert Packaging Thrives Amid Industrywide Consolidation
- Free Commercial Glass Estimating and Code Compliance Tools Launched by Landmark Construction - The Leading Glass Company in Los Angeles
- Tallahassee Million-Dollar Home Sales Rise in 2026 as Median Selling Time More Than Doubles
- Slotozilla Reports Strong Growth in Q2 2026
- Eric Snyder, President and Chief Executive Officer of Keystone Consulting Engineers Named to LVB 300
- Philadelphia's Girls Anthem to Host The Locker Room Experience Pop-Up for Young Women
- Flexible Plan Investments Names Carl Resnick President
- Paula Josephine Sadler Releases "Imagine" on 24th Anniversary of Sobriety
- Ritz-Carlton Residences Houston Generates Strong Early New Construction Sales at 2120 Post Oak Blvd
- No Sugar Baker Continues National Growth with Seattle Market Expansion Across Washington, Idaho, and Alaska