5. Conclusions
European industry is currently operating between the first and second phases of the technological revolution identified by Grubb (2014). The first phase involves reaping the benefits of win-win energy strategies, which are similar to business-as-usual options but are supported by more social and scientific awareness and new policy commitment. The second phase involves the optimisation of strategies based on incremental evolution in response to current or anticipated prices for high carbon/low carbon uses. Transformations through the integration of energy and economic and environmental systems are in their infancy (third phase), although some strategies (e.g., innovation synergies/complementarity) represent a move in that direction. We are thus in the earliest phase of a new technoeconomic paradigm, which is “the result of a complex collective learning process” (Perez, 2009, p. 14).