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13 - Investing With Our Eyes Open

from Part II - Economics

Published online by Cambridge University Press:  19 March 2023

Simon Sharpe
Simon Sharpe
Affiliation:
World Resources Institute, London
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Summary

The greatest progress so far in decarbonising the global economy has been made by governments that ignored the advice of economists. Investing in new technologies turns out to be a more effective way of changing things than taxing the incumbents. We need to stop being surprised by this and start replicating those successes.

Keywords

InvestmentCarbon pricingTransitionInnovationFeedbacksStructure
Type
Chapter
Information
Five Times Faster
Rethinking the Science, Economics, and Diplomacy of Climate Change
 , pp. 125 - 138
Publisher: Cambridge University Press
Print publication year: 2023

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