A working paper, published by World Resource Institute, examines the most critical elements for transformation by reviewing 20 case studies from both developed and developing countries and across all regions. A transformation is defined as a long-term fundamental shift in a system, whether political, economic, social, or biological.
Low-carbon energy transformation should have three characteristics or criteria: large magnitude impact, non-linear change, and sustained & long term. Authors emphasise eight factors that can help facilitate transformational change in low-carbon energy development, including national ownership and stakeholder engagement, alignment of financial incentives to address market distortions, investment in technology and innovation, and use of innovative financial instruments and arrangements to catalyze investments. Read more at http://www.wri.org/
