The project critically assesses where and under which conditions win-win and, in particular, green growth strategies work in practice and where fundamental trade-offs must be faced. The project team is focusing on four critical barriers that have been identified by practitioners and policymakers. These include:
- Develop transformative narratives highlighting opportunities in climate and sustainability action in order to contribute to overcoming cognitive barriers and empowering people.
- Examine climate and sustainability finance policies and governance arrangements in order to contribute to overcoming financial barriers to mitigation and adaptation.
- Substantiate the economics of green growth in order to contribute to overcoming economic and collective action barriers to decarbonisation. Towards this end we introduce major innovations into the GEM-E3 computable general equilibrium model required to discover green growth strategies. These include developing a network based model of technological diffusion and introducing financial market constraints and adaptive expectations of agents.
- Contribute to overcoming economic and institutional barriers through identifying win-win strategies, sustainable business models and enabling environments in three action fields of coastal zone flood risk management, urban transformations and energy poverty eradication and resilience. All these activities are embedded within a sustained international dialogue involving stakeholders from policy, research, civil society and the private sector, and an open knowledge management and capacity building strategy to promote knowledge transfer and learning beyond the project lifespan.