Water Security, Risk & Society April 2012 Addressing water security risks: Can we leapfrog carbon?
Which Approach?
Which Approach?
Advice/ support
ü Tackles ignorance û Other barriers remain
Which Approach?
Regulation
ü It happens û But cautious limits û No incentive to maximise
Advice/ support
ü Tackles ignorance û Other barriers remain
Which Approach? ü Economically Optimised
Market mechanisms
Regulation
ü It happens û But cautious limits û No incentive to maximise
ü Incentive to maximise û Don’t address all objectives
Advice/ support
ü Tackles ignorance û Other barriers remain
Water Security, Risk & Society April 2012 Addressing water security risks: Can we leapfrog carbon?
Renewable Electricity GWh
60,000
1950
2008
European Emissions Trading System EU ETS spot price 35
30
25
20
â‚Ź/tCO2 15
10
5
0
2005
2008
Source: adapted by AEA using data from BlueNext
2011
Lessons +
Data requirements high - start early
+
Private sector prioritises and responds to (long-term) certainty
+
Use Market Mechanisms, but must add controls
+
Recognise co-benefits/interactions early
+
Institutional framework important
Water Security, Risk & Society April 2012 Addressing water security risks: Can we leapfrog carbon?