Roadmap to a Low Carbon Electricity System in the U.S. and Europe

Electricity systems across the U.S. and Europe face significant challenges in the transition to low-carbon energy. While the transition provides plenty of opportunities for investors, businesses, and consumers alike, the current business and regulatory models of investor owned utilities (IOUs) and independent power producers (IPPs), which have mainly developed around competitive markets for fossil fuel generation, are particularly ill-suited to take advantage of these new opportunities. This paper outlines the some major challenges each business segment will face and sets out a roadmap for addressing the challenges.