Locking in emissions
“A legacy of successful development is the potential for lock-in of
the resource on which the current system was built. This potential
for lock-in stems from the resistance to stranding the original
capital investments and losing the jobs that have been created…
“From 2018 to around 2030, there is clear recognition that the
potential for dramatic short-term change in the energy system is
limited, given the installed base of capital.”
- Shell, Sky