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TRANSITION - CLIMATE INNOVATION SYSTEMS
A new WWF report compiles assessments from nine economies – China, India, Kenya, Tanzania, Uganda, Ghana, the Netherlands, Sweden, and the European Union, and shows a range of common conditions for moving quickly to reduce dangerous emissions of carbon dioxide. Strategies include strengthening domestic and international technology collaboration, establishing new low-carbon markets, stimulating demand, and attracting private capital. WWF estimates additional investment requirements of $1.4 to 4.7 trillion per year for the transition to 100% renewable energy – increasing steeply from current investments in wind and solar energy in G20 countries at $175 billion in 2010.
Carefully designed policies are essential and should include re-directing the existing $ 200-500 billion global fossil fuel subsidies into sustainable energy solutions, as well as rewarding transformative solutions in public procurement and economic stimulus packages.
Read more about the unique starting points and the challenges and opportunities gained from strengthening the innovation systems of these nine economies.