China
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A highly efficient use of energy is thus fundamental to limit GHG emissions. Yet, energy efficiency receives much less attention than the decarbonization of the energy supply.
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Effective responses to climate change require efforts by both the public and private sectors to develop and disseminate new environmentally sound technologies (ESTs) on a global scale, as well as to adapt them to local needs. However, due to a number of market failures and specific uncertainties, the spread of green technologies is less than optimal, which necessitates additional incentives. Based on a review of recent literature, the present Global Challenges