Energy Transition in Emerging and Developing Countries: Promoting the New Paradigm
By Thomas Spencer and Ajay Mathur
There is a new paradigm of energy transition emerging. In several important sectors, the transition is now endogenous, driven by the achieved or imminent competitiveness of low-carbon technologies. This is the case notably for the power sector, energy efficiency, and increasingly for segments of the personal transport sector. However, other sectors such as industry and heavy transport are lagging behind. These sectors are particularly relevant for developing countries, which have large unmet material and freight transport needs. The whole international policy environment needs to evolve to reflect the new paradigm. International funding, research, and demonstration needs to shift toward shifting the frontier of decarbonization options into the hard to abate sectors.