BloombergNEF – Delivering Net Zero: A Framework for Policymakers, 2024

Accelerating the deployment of mature climate solutions is crucial, particularly with the advancements in technologies such as wind, solar power, and electrified vehicles that are now cost-competitive with fossil fuels. However, the growth of these solutions is hampered by policies that protect incumbent industries. To achieve zero emissions, governments must phase out subsidies for carbon-intensive activities and actively support the development of new climate solutions. It is essential for policymakers to establish effective governance structures that attract investment in low-carbon technologies, ultimately leading to long-term economic benefits.