Monday 4 June 2012
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The development and deployment of renewable energy could be perceived as a green energy revolution that may be instrumental in jump-starting economies out of recession. It is argued that out of “environmental urgency” we need to collectively act and systematically reorganize for a top-down approach to facilitating the introduction of renewable energy. Seven conditions are not only necessary but will be sufficient to move economies towards convergence on green principles. With political commitments in place and incremental reform focused on managerial change, then policy makers can draw processes away from a carbon-based paradigm.
Through green innovation we have been given a chance to get our priorities right and this chance can facilitate more profitable investment. If used intelligently, environmental legal reforms together with green financial instruments can level the market playing field for green practices, goods and services, without economic tradeoffs. Empowering civil society with green know-how and skills will enable communities to enjoy a smooth green transition with positive employment effects in the long term. Governments that aim at a higher diffusion rate of renewable energy ought to have the institutional flexibility to accommodate the transition and the sponsorship of R&D to jump start green growth paths.
Monday 4 June 2012
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Monday 4 June 2012
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The Emirates Center for Strategic Studies & Research
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