This policy brief provides an overview of research findings and policy recommendations from Transition Pathways and Risk Analysis for Climate Change Mitigation and Adaptation Strategies (TRANSrisk), an international research project that studied the risks and uncertainties associated with adopting lower-carbon fuels. The brief examines how to support such transition pathways and the innovation systems on which they depend.
The goal of containing global warming to 1.5 degrees Celsius above pre-industrial temperatures means that a fundamental shift and tremendous innovation will have to take place in the way that societies produce, distribute and consume goods and services.
Innovation comes in many forms, and transitions from a carbon-intensive to a low-carbon system can take many pathways. Such low-carbon transition scenarios, and the attendant risks and potential benefits are at the heart of the international Transition Pathways and Risk Analysis for Climate Change policies project (TRANSrisk).
This policy brief provides an overview of key research findings from the project. The brief also provides recommendations about how to support transition pathways and the innovation systems on which they depend. Policy recommendations incorporate results from project case studies, in combination with national, regional and global frameworks.
The report groups transition risks into six key categories: economic, regulatory/institutional, political, social, environmental, and technological risk.
Key findings on how to support innovation systems and transition pathways include:
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