ABSTRACT
The impact of climate change is one of the most significant environmental challenges facing the world today. Mitigating this impact will require profound changes in energy production and use, since emission of greenhouse gases from combustion of fossil fuels is the dominant human contribution to climate change. In the short-term, a range of emission reduction strategies is available. For example, both opportunities for enhanced levels of energy efficiency and for fuel switching (from high to low carbon content fuels) are readily available in all sectors of the economy. However, a long-term solution is possible only if technological development receives the appropriate price signals to enable it to proceed in a climate friendly manner.
