Working paper – Shifting norms and values for transitions to net zero
Insights 17 Nov 2020
It seems highly unlikely that the deep and rapid decarbonisation needed to achieve net zero can be delivered solely or predominantly through incremental, technology-driven transitions to clean energy based on voluntary and market mechanisms.
Instead, this transition will require systemic changes framed and driven by government policies and investments. These are needed to address fossil fuel subsidies and create enabling environments for retrofitting or early retirement of existing carbon-intensive infrastructure, abandoning planned carbon-intensive infrastructure expansions, and rapidly developing and scaling up new technologies.