To limit dangerous global warming, the world must transition to a low-carbon economy. But this energy transition is moving too slowly – not because of a lack in technology or public support, but because of social, political, and technical barriers.
These interwoven barriers form the foundation of “carbon lock-in,” whereby ongoing investment in fossil fuel development becomes self-reinforcing and, consequently, inhibits the growth of the new green economy. Reducing global emissions thus requires that we address, and “unlock,” this entrenched high-carbon system.
The SEI Initiative on Carbon Lock-in aims to bring this issue to the forefront of climate and energy policy-making. Research will reveal how and why carbon lock-in is perpetuated – both within countries and globally – and will identify policies and strategies to break dependence on high-carbon industries. This initiative will also explore how international regimes, such as the UN Framework on Climate Change, can guide the transition away from fossil fuels.
This initiative takes a multidisciplinary approach, combining expertise on energy systems, economics, sociology, political science and health to answer a crucial question: How can society tackle carbon lock-in, and make space for a low-carbon future?
The 2020 Special Report outlines how Covid-19 recovery plans could set the stage for a managed wind-down of fossil fuels as part of “build back better” efforts.
The report considers the impact of COVID-19 on the gap between countries’ planned fossil fuels production and the levels needed to limit global warming.