Trending...
- WebDrafter Welcomes Honey in the Hollow as a New Marketing Client
- LS2 Partners with Angels Of Dirt's "Next Chapter Racer" Series Celebrating Women and Girls in Motorsports
- Hannk And Zubie Join Forces To Shape The Next Generation Of Connected Vehicle Telematics
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
- HLN Consulting Names Lilly Kan as Its First Chief Executive Officer
- BitTitan Accelerates Large-Scale Document Migrations with MigrationWiz
- Clearnetworx Deploys netElastic vBNG, CGNAT And netVision To Power Fiber Expansion Across Colorado's Western Slope
- Glenn Strange - Iconic Horror actor of Universal Studios Frankenstein's Monster Fame Honored
- Creole101 Launches Multilingual Dictionary App with 50,000+ Entries, Vocabulary Games and Haitian Cultural Resources
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
- Hilton Waikiki Beach Resort & Spa Introduces Level 37 Sky Lounge by Casamigos
- Self-Published Dad's Santa Book Finally Found After 3 Years on Amazon
- Meta Partnership Expanding as Omni One Orders Surge 3X -New Consumer Bundles, Defense Opportunities & AI Robotics: Virtuix Holdings: N A S D A Q: VTIX
- Roots for Boots to Participate in 2026 Adams County Community Foundation Giving Spree
- Timbrana Helps General Contractors Improve Jobsite Visibility and Subcontractor Accountability
[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
- Jacombs Tickets Partners with UEFA to Offer Champions League Tickets
- Corner Property Management Awarded Management Contract with Clock Towers Condominium Association
- WebDrafter Welcomes Honey in the Hollow as a New Marketing Client
- Geospatial Innovation Comes to Sacramento: FOSS4G NA 2026
- Tulsa Air & Space Museum Launches "Give $16 for the F-16" Challenge to Bring Thunderbird Home for Veterans Day
- Hannk And Zubie Join Forces To Shape The Next Generation Of Connected Vehicle Telematics
- Coinfiliate Launches Platform to Helps Shoppers Earn Cashback and Creators Earn Referral Rewards
- Champions for Education to Honor United Way of the Greater Lehigh Valley and Induct Three Leaders
- Holiday Gambling Spending Expected to Rise 12% in December
- RAS AP Consulting Issues National Compliance Alert and Launches Q4 2026 AP Readiness Program Ahead of IRS FIRE → IRIS Cutover
- Free Senior Housing Webinar Helps Families Plan for Aging Before a Crisis Forces Difficult Decisions
- Claude Zdanow named Managing Director in Miami, Florida
- YWCA Hanover Celebrates Opening of New Children's Learning Academy
- Pregis Launches Sharp InfinX: On-Demand Rightsized Mailing System Delivering a Precision-Sized Mailer for Every Order
- netElastic Announces vBNG And CGNAT 2.0 General Availability
- Postmortem Pathology Highlights Private Autopsy Options for Las Vegas Families During Summer Months
- Postmortem Pathology Offers Sacramento Families Independent Answers on a Short Timeline
- Philly ECM Programming Announces Mobile Module Programming for Philadelphia Repair Shops
- NEW Three Fully Furnished Single-Family Model Homes at Heritage at South Brunswick
- After 35 Years, Christian Radio Host Marina Maria Publishes the Novel She Never Forgot