Warsaw Side event Setting the scene Support slides Michael Grubb - - PowerPoint PPT Presentation

• www.eprg.group.cam.ac.uk

Michael Grubb

4CMR University of Cambridge Centre for Mitigation Research Editor-in-Chief, Climate Policy journal Senior Advisor, Sustainable Energy Policy, UK Office of Electricity and Gas Markets (Ofgem)

Warsaw Side event

Setting the scene Support slides

• www.eprg.group.cam.ac.uk

H M L

H Highest relevance

M Medium relevance

L Lowest relevance

Satisfice Transform Optimise Domain

Standards & Engagement Markets & Prices Strategic Investment Smarter choices Cleaner products & processes Innovation & infrastructure

1 2 3

M H M L M H

To deliver Policy pillars

Each domain underpins a corresponding pillar of policy

Source: M. Grubb, J. C. Hourcade, and K. Neuhoff, Planetary Economics,

• www.eprg.group.cam.ac.uk

Standards & Engagement Markets & Prices Strategic Investment

Policy pillars

Manage bills, increase responsiveness Attention,, products & finance Technology

• ptions

Revenues, revealed costs, strategic value

Changing course requires a sustained package

Key is to integrate and synergise across all three domains

Education and access Values & preferences