Technology push
Existing technology can provide significant abatement in the short term, but new technology will play an important role in reducing costs and facilitating economic growth in the future. Long-term credible emission markets are the main requirement for businesses to invest in developing technology, but additional support can accelerate investment. Such support could be either financial or non-financial and will be of different kinds in different development phases (see figure 8); but it will always aim at making the way from development to commercialization as quick and cost efficient as possible. 3C has identified a number of technologies with high abatement potential that need public support to cross the threshold to the market. Those include, but are not limited to, carbon capture and storage, offshore wind, solar photovoltaic and second-generation biofuels.
 
 
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