Abstract

The unprecedented investment gap in energy transition requires businesses to invest more in cleaner energy systems. These investments must be focused on carbon-critical countries if the world is to see change at the required scale and pace. A growing number of businesses and investors are persuaded, but they lack the certainty necessary to justify taking the economic and political risks inherent in energy transition investment. Preserving or enhancing investment protection ("the incentive") is more important than eliminating protection of fossil fuel investments ("the disincentive"), ...