Firms' reduction commitments that give carbon a value will be 'critical' in any post-2012 climate change agreement in order to create a framework where innovation for climate change technologies flourishes, the authors of a December CEPS paper suggest.
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In their opinion, such a framework offers the "best prospect of a competitive edge, technological leadership, export markets and employment opportunities".
The CEPS analysis outlines three fronts on which technology plays "a fundamental role in advancing efforts to address climate change":
* Accelerating the deployment of existing low-carbon technologies;
* developing and deploying new breakthrough technologies for the longer term (beyond 2030), which requires stepping up the speed and scale of innovation; and;
* avoiding, at the same time, locking-in high-carbon technologies in developing countries.
See full Press Release.
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