Latest report: Energy transition is constrained by three major structural dilemmas.

The European School of Management and Boston Consulting Group jointly released the latest report "Driving Forces of Energy Transition", which points out that the energy transition process is constrained by three major structural dilemmas: intertemporal dilemma - costs are immediate, but benefits are long-term and uncertain; public resource dilemma - costs are limited to local areas, but benefits extend globally; and competitive dilemma - early adopters may face the risk of being surpassed by competitors with fewer restrictions. Since the signing of the Paris Agreement, emission reduction targets have been increasing, but policies, funding, and actual emission reductions have not kept pace. The report states that emission reduction must be seen as a systemic change lasting for decades, different regions need to take different paths, but at the same time there needs to be a common global framework for carbon accounting, incentives, and institutional governance.