ABSTRACT
Given the links between carbon emissions and climate change (or global warming), a logical response to the threat of climate change is to develop a low-carbon economy, that is, an economic system that emits a minimal amount of GHGs. In accordance with the Kaya Identity (see Chapter 1), this economy is statistically characterized by a combination of low carbon intensity of energy (i.e. low CO2e/GDP) and low energy intensity of production and consumption. In other words, this is an economy that uses less energy and more non-fossil fuel energy. The key question is how to re-mould an existing economy into the desirable kind.
