This working paper focuses on capital investment.

It concludes that relatively minor alterations to common procedures can reveal the trade-offs and local benefits of low carbon alternatives in the capital investment planning process.

It argues that the methodologies most able to effect the transformation to the local adoption of alternatives to conventional energy sources, technologies, and urban development will be those that are convenient and affordable to administer, and that offer straight-forward low carbon alternatives to traditional forms of infrastructure investment. The paper highlights that current methodologies for capital investment planning that do not take climate change into consideration can result in prioritisation of investments that diverge from a low carbon path and a potential missed opportunity to reap financial benefits from efficiency gains.

[Adapted from source]