A practitioner's guide to a low-carbon economy: lessons from the UK - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-practitioners-guide-to-a-low-carbon-economy-lessons-from-the-uk\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A practitioner's guide to a low-carbon economy: lessons from the UK - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"Abstract This paper identifies practical lessons for policy makers that seek to decarbonise their economies, drawing primarily on the UK...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-practitioners-guide-to-a-low-carbon-economy-lessons-from-the-uk\/\" \/>\n<meta property=\"og:site_name\" content=\"Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-19T13:32:10+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/a-practitioners-guide-to-a-low-carbon-economy-lessons-from-the-uk\\\/\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/a-practitioners-guide-to-a-low-carbon-economy-lessons-from-the-uk\\\/\",\"name\":\"A practitioner's guide to a low-carbon economy: lessons from the UK - 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{"id":5475,"date":"2012-01-01T13:27:11","date_gmt":"2012-01-01T13:27:11","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication&p=5475"},"modified":"2024-08-19T14:32:10","modified_gmt":"2024-08-19T13:32:10","slug":"a-practitioners-guide-to-a-low-carbon-economy-lessons-from-the-uk","status":"publish","type":"publication","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-practitioners-guide-to-a-low-carbon-economy-lessons-from-the-uk\/","title":{"rendered":"A practitioner’s guide to a low-carbon economy: lessons from the UK"},"content":{"rendered":"\n

Abstract<\/h2>\n
This paper identifies practical lessons for policy makers that seek to decarbonise their economies, drawing primarily on the UK experience. There are five main conclusions. First, decarbonisation needs a solid legal basis to give it credibility and overcome time inconsistency problems. Second, putting a price on carbon is essential, but low-carbon policies also have to address wider market, investment and behavioural failures. This in turn raises issues of policy complexity and coordination. Third, the low-carbon economy is likely to be highly electrified. Clean electricity could be a cost-effective way of decarbonising many parts of the economy, including transport, heating and parts of industry. Decarbonisation therefore starts in the power sector. Fourth, the low-carbon transition is primarily a revolution of production, not consumption. Both supply-side innovation and demand-side adjustments in lifestyle and behaviour are needed, but the former dominate. Fifth, the transition to a low-carbon economy is economically and technologically feasible. Achieving it is a question of policy competence and the political will to drive economic and social change.<\/p>\n
Samuel Fankhauser<\/p>\n\n","protected":false},"excerpt":{"rendered":"\n
Abstract This paper identifies practical lessons for policy makers that seek to decarbonise their economies, drawing primarily on the UK…<\/p>\n\n","protected":false},"author":43,"featured_media":0,"template":"","tags":[470,115,119],"publication-type":[1682],"topic_area":[4694,4697],"class_list":["post-5475","publication","type-publication","status-publish","hentry","tag-clean-energy","tag-energy","tag-low-carbon","publication-type-policy-publications","topic_area-policy-evaluation","topic_area-energy"],"acf":{"downloads":{"ref_value":"field_52f16cc1a80f2","value":["https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2014\/03\/PP_low-carbon-economy-UK.pdf"],"type":"download","post_type":""},"profile_link":{"ref_value":"field_52f164b5189e9","value":["samuel-fankhauser"],"type":"relationship","post_type":"profile"},"spotlight":{"ref_value":"field_52f80896506d3","value":"","type":false,"post_type":""},"exclude_from_sync":{"ref_value":"field_560538b0e7350","value":"0","type":false,"post_type":""},"rss_newsletter":{"ref_value":"field_54f5c2c1544d8","value":"","type":false,"post_type":""}},"yoast_head":"\nA practitioner's guide to a low-carbon economy: lessons from the UK - 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