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The role of the private sector in decarbonizing economies

Research project
Active research
Project owner
Department of Economics

Short description

Climate change is one of the most pressing large scale collective action challenges. To reach the target of the Paris agreement of limiting global warming below 2 degrees, aiming for 1.5 degrees, deep decarbonization of economies are needed.

Such decarbonization are likely to require substantial and coordinated private sector investment in non-emitting electricity generation as part of a significant expansion of the electricity sector to incorporate electrification of water and space heating and transportation services. These changes accompany expansion of electricity services for technology industries and miscellaneous energy uses. This transformation will be truly disruptive, and this project aims at understanding barriers and facilitators for the private sector in shaping and contributing collectively to the needed transformation. Specific focus during the first year will be to develop a conceptual model to understand necessary market reforms and understanding the role for price instruments in shaping collective action in the private sector.

Researchers (länkas till ny katalog)

Åsa Löfgren, Department of Economics, University of Gothenburg, Andreas Nilsson, Department of Psychology, University of Gothenburg and potential collaboration with Dallas Burtraw, Resources for the Future, Washington DC and Thomas Sterner, Department of Economics, University of Gothenburg – UGOT FRAM.

 

Relevance for Sustainable Development

The work of CeCAR as a whole is expected to contribute significantly to the 17 Global Goals for Sustainable Development.

This project contributes to the three following goals:

7 AFFORDABLE  AND CLEAN ENERGY

9 INDUSTRY, INNOVATION AND INFRASTRUCTURE

13 CLIMATE ACTION