The key industry and regulatory change over the next 20 + years will be driven by the continuing
emergence of renewable energy sources.
While carbon pricing can theoretically address the externalities associated with climatic harm from emissions, it can not automatically deal with the externalities holding back grid development, which include the monopoly status of many of the firms involved, issues concerning economies of scale, the fact that the absence of transmission capacity restricts
the emergence of renewable generation capacity (and vice versa).
Not exact matches
1) China's
emergence as a dominant player in the low - carbon market, 2) global oil majors» shift to
renewable energy, 3) big corporate brands moving to 100 %
renewable power, 4) the rise
of electric vehicles and expiration dates for gas - fuelled cars, and 5) energy getting smarter through digitization.
Equally importantly, even though the COAG reforms coincided with the
emergence of global concerns about climate change, the reform process took no account
of the possibility
of carbon pricing, and made no provision for
renewable energy.
By adopting ambitious
renewable energy targets, businesses can push the EU to continue leading the way in the energy transition and support the
emergence of the energy systems
of the future.