WP2: Implementation in major economies: Policy, institutional and financing needs
The main questions that the WP addresses are:
- Given the investment needs to achieve mitigation and adaptation compatible with 2° Celsius, how can these resources be best raised and allocated? What kind of interplay between the public and private sector is needed to ensure that the economic investments are carried out in due time and are scaled up sufficiently? Which mechanisms need to be established to hedge the risks of investing and innovating in low carbon technologies?
- What kind of national and international policies on climate and energy are needed to ensure that the transition to a low carbon energy infrastructure is attained efficiently, given specific obstacles in the respective economies? What mix of market based and regulatory policies is required to promote both low carbon investments and innovation, and how does it relate to current policies? How do these efficient policies interact with complementary policies on energy and the environment?
- What institutions and governance are needed to assist major developing countries in adopting low carbon technologies and adapting to a changing climate? How should the funds be raised and allocated?
