Splitting your time up between various jobs means dividing your
productivity levels into different
areas, and increasing your chances
of becoming easily distracted, or forgetting about a crucial part
of one
particular task.
We need new policies, regulatory frameworks, and institutions focused on four
areas: creating market - based incentives to innovate and raise carbon
productivity; addressing market failures that prevent abatement opportunities from being captured profitably; resolving issues
of allocation and fairness, in
particular between the developed and developing worlds and between industry sectors; and accelerating progress to avoid missing critical emissions targets.