The Club with its areas of work aims at expanding the public policy domain, in view of providing support to EU institutions, COP30 in Brazil, UN, to countries, regions, public institutions, and public-private partnerships, non-profit, academic, and private sector working for societies, following environment and people-first approach.

The work program is maximum. During the year, some project will get better developed, some- less, some – might naturally vanish. 

Until recently, decarbonization was often viewed as a burden on the economy, as it required investment in new and unproven technologies and regulations to reduce carbon emissions. However, this perception has changed recently, as alternative low-carbon technologies have become more competitive and cost-effective. The increased production of wind and solar power has led to a decline in their prices, making them more accessible and competitive with traditional fossil fuels. Furthermore, these new technologies benefit from economies of scale, meaning that their costs will continue to decline as they are produced and deployed in larger quantities. This contrasts with traditional technologies, where costs often increase as production grows. As a result, the new technologies are becoming increasingly attractive to investors and businesses, which can help drive their adoption and further contribute to the decarbonization of the economy.

The perception of decarbonization as a burden on the economy has shifted as alternative low-carbon technologies have become increasingly competitive and cost-effective. The development and expansion of these technologies can drive economic growth, reduce carbon emissions, and contribute to a more sustainable future:

• Instead of paying resource rents to fossil fuel exporters, a country on a green transition path increases the value of its assets (capital invested in alternative energy) and increases the total factor productivity of its economy. By using domestically produced renewable energy, a country can reduce its dependence on costly imported fuels and avoid price volatility in the global market. This can lead to lower energy costs for consumers and businesses, increasing disposable income and stimulating economic growth with investment in the `human capital end expanding green energy intensive technologies,
• Job Creation: Developing a domestic wind and solar industry can create new jobs in manufacturing, installing, and maintaining renewable energy systems. These jobs are typically local, providing economic benefits to the community where they are located,
• Increased Energy Security: By using domestic renewable energy sources, a country can reduce its dependence on foreign oil and gas supplies. This increases energy security and reduces the risk of supply disruptions due to geopolitical tensions or natural disasters,
• Environmental Benefits: Along with eliminating greenhouse gas emissions, wind and solar eliminate the particulate, nitrogen oxide, and other smog-forming emissions associated with combustion technologies, improving air quality, and directly reducing public health risks and costs for vulnerable populations,
• Export Opportunities: Countries with a well-developed domestic wind and solar industry can also become exporters of renewable energy technology, components, and services. This can create new revenue streams and stimulate economic growth in the export sector.

Developing and deploying wind and solar power can create new jobs and industries. At the same time, adopting AI, 3D printing, robots, and hydrogen-based technologies can increase efficiency and reduce costs. The economy can benefit from this process by transitioning to low-carbon energy sources and technologies, which can drive economic growth exploring synergy between environmental and human capital as well as existing grids and energy distribution systems.

To fully realize these benefits, however, public policy must play a role in guiding and sometimes pointing out the transition. This requires forward-looking analysis to identify the most effective ways to allocate public funds, such as investing in research and development, providing tax credits for low-carbon technologies, or offering subsidies for development and construction of renewable energy sources (RES).

This, in turn, can create the conditions for the growth of other low-carbon technologies, such as 3D printing, robots, and hydrogen production. These technologies can provide low-cost and environmentally clean solutions to meet energy needs while also contributing to the decarbonization of the economy.

Decarbonizing a country’s economy can drive economic growth, while reducing carbon emissions and mitigating the impacts of climate change. Public policy and investment strategies that support the transition to low-carbon technologies can help to unlock these benefits and ensure a sustainable future.