Climate Protection Policies: Can We Afford to Delay? (WRI, 1997, 44 pages): 2. ACHIEVING THE TRANSITION TO A LESS CARBON-INTENSIVE ECONOMY: (introduction...)

Climate Protection Policies: Can We Afford to Delay? (WRI, 1997, 44 pages)

2. ACHIEVING THE TRANSITION TO A LESS CARBON-INTENSIVE ECONOMY

		*(introduction...)*
		Timing and the Capital Stock
		Technological Change
		The Need for Credible Signals and Policies

(introduction...)

Achieving a transition from a fossil fuel-dependent economy toward a less carbon-intensive one will require far-reaching change over many years. How best to time the transition is an important question. Analyses of this question have generated useful insights but rest on crucial limiting assumptions which policy-makers must take into account. (See Box 1 for summary, page 10.)