ABSTRACT
This chapter addresses nine myths and explores the strategies and combinations of public and private sector actions that could significantly address the looming climate change and energy challenges. The first two myths are: it is possible to realize mutual gains in industrial competitiveness, reduction of greenhouse gas, and employment; and Technological innovation in products and services is essential to achieving deep decarbonization in industrial nations. The next four are: innovation per se fuels the industrial state and creates jobs; governments cannot pick winners, winners pick governments; and industrial policy is synonymous with innovation policy and regulation inhibits beneficial innovation. The last three are: carbon leakage presents a practical disincentive and limits to what regulation can achieve in terms of decarbonisation; trade in non-energy-related goods and services is a win-win proposition for all parties; and nations can "go it alone". The dispelling of these nine myths suggests a way forward towards a constructive global climate change mitigation and prevention strategy.
