Economic growth in a low carbon world: how to reconcile growth and climate through energy productivity
A new report by the Energy Transitions Commission and Vivid Economics, calling for increased energy productivity improvements across key sectors in order to spur economic growth. The report, Economic growth in a low carbon world: How to reconcile growth and climate through energy productivity, which makes the case for energy productivity improvements to drive demand-side energy transition. According to the report, energy productivity improvements of 2.5% - 3% per year are necessary in order for economic growth to continue. Crucially, the report highlights that reduced energy demand does not mean reduced economic growth, with low carbon scenarios achieving annual GDP growth comparable to high carbon scenarios.