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close this bookClimate Protection Policies: Can We Afford to Delay? (WRI, 1997, 44 pages)
close this folder2. ACHIEVING THE TRANSITION TO A LESS CARBON-INTENSIVE ECONOMY
View the document(introduction...)
View the documentTiming and the Capital Stock
View the documentTechnological Change
View the documentThe 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.)