Technology funding makes climate protection cheaper

To cost‑effectively protect the climate, not only an emissions trading scheme but also financial support for new technologies is needed. Economising on targeted funding, for example for renewable energies, makes climate protection more expensive ‑ as scientists of the Potsdam Institute for Climate Impact Research (PIK) now calculated for the first time, using a complex computer simulation that spans the entire 21st century. Without funding, energy technologies with high cost reduction potentials will hardly stand a chance, since they require a significant initial investment: a case of market failure.

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