Challenges - up front investment requires access to finance. Investments have long payback times.
Opportunities - if consumers pay a premium for low carbon producers output then being green can generate higher profit. Insures firms against future tightening of emissions legislation
Challenges:
- High initial costs for renewable infrastructure
- Disruption in fossil fuel-dependent industries
- Policy uncertainty affecting investment
- Global competitiveness concerns
Opportunities:
- Job creation in renewable sectors
- Technological innovation in clean energy
- Long-term cost savings from efficiency
- Health benefits from reduced pollution
Economic Challenges
Economic Opportunities
These points highlight the complex balance of immediate costs and long-term benefits associated with transitioning to a low-carbon economy (Prosci) (Emerald).
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