Designing Instrument Packages for the Low-Carbon Transition: An Evaluation Framework with an Application to Austria

Limiting global warming to no more than 2°C requires large-scale deployment of low-carbon and negative emissions technologies. This the development new eco-innovations diffusion existing ones. Existing portfolios environmental technology policy instruments, however, may not be up this task. In paper, we develop an evaluative framework for assessment instruments successful eco-innovations. Our considers focus, scope, strictness, coherence timing as key criteria evaluation transition a economy. We apply our residential commercial (buildings) sector in ambitious country, Austria.