Net-Zero Transition and Divestments of Carbon-Intensive Assets
In: European Corporate Governance Institute - Law Working Paper No. 706/2023
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In: European Corporate Governance Institute - Law Working Paper No. 706/2023
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In: Swiss Finance Institute Research Paper No. 22-45
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In: Proceedings of the National Academy of Sciences
This paper applies insights from the literature on transitions in major consumption-production systems to clarify the nature of the challenge of moving to a net-zero greenhouse gas (GHG) emission society. It highlights critical features of transitions including their multiactor/multicausal logic, phased development, and distributive impacts. Because current systems are so dependent on fossil energy resources, and on GHG-emitting industrial processes and agricultural practices, multiple transitions across a range of distinct consumption-production systems will be required for net zero. The transformation of each system faces different barriers and enabling conditions and is influenced by varied nonclimate-related disruptions. Important policy implications follow, including the need to focus on sector and regional transitions, link climate policy to other societal goals, and adopt policy mixes appropriate to the transition phase. The article discusses recent policy and politics-related findings from the transitions literatures including those dealing with policy mixes, transition intermediaries, and green industrial policy.
In: Swiss Finance Institute Research Paper No. 22-29
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Working paper
In: EBRD Working Paper No. 254
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In: BOFIT Discussion Paper No. 6/2021
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In: Vancouver: Canada Climate Law Initiative Report, 2022
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In: Environmental innovation and societal transitions, Band 50, S. 100803
ISSN: 2210-4224
Blog: Environment Focus
by Joseph Cordonnier and Deger Saygin, OECD Environment Directorate Although policy makers and industry acknowledge the urgency of action for the net-zero industry transition in emerging and developing economies, the investment challenge remains significant. The manufacturing industry serves society with a variety materials and...
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In: UCL Institute for Innovation and Public Purpose, Working PaperSeries (No.WP 2022/01). Available at: https://www.ucl.ac.uk/bartlett/public-purpose/wp2022-01
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In: The political quarterly, Band 93, Heft 2, S. 235-243
ISSN: 1467-923X
AbstractThe UK government is responsible for meeting legally binding decarbonisation objectives, but it is not on track to meet its next Climate Change Act targets or the goal of Net Zero by 2050. The IPCC's Sixth Assessment Report is a stark reminder of the importance of all countries, particularly those historically responsible for greenhouse gas emissions, devising and implementing the innovative and just policy solutions required to lower emissions. Within this context, this article explores the UK's sustainable energy policy making, and why it is not on course to meet targets, through the lens of government‐business relations. It analyses government policy capacity, incumbent energy company influence, and how complex relations and dependencies have affected sustainable policy (non‐)decisions and outcomes. It reveals that an over‐reliance on incumbent energy companies in UK energy politics, although understandable given the need to provide affordable and secure energy, has contributed towards insufficient space for cheaper and more just clean energy solutions.
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