ABSTRACT
The suggestion of IPCC (2007) to reduce carbon emissions by 50% - 85% by the year 2050 clearly shows the need of transition towards a low carbon economy [1]. It challenges an economic model which is heavily carbon dependent from the period of industrial revolution. The record of growth of GDP in the last 150 years shows its strong positive correlation with the increasing carbon emissions. Therefore delinking economic growth and fos-sil fuel use conflicts with existing pattern of investment and consumption and alternate models face the historical condition of “Carbon Lock-In” [2].
