Consequential risks
Stability of grids and flexibility of energy system
Lock-in effects
Households bear the main part of costs
Risk that resources are not considered (only energy)
Lack of a co-ordinated national climate and energy strategy
Risk of play-off between climate mitigation and social justice
Lack of evidence-based regulatory framework
Missing co-ordination of an integrated European policy
Risk of poor timing for investment
Risk that the contribution of behavioural change is not included
Most significant risks
Technological uncertainty
Macroeconomic uncertainty
Socio-economic uncertainty
Uncertainty of climate policy
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Implementation risks
Sector-coupling in a carbon-managed socio-economic system
Figure 3.2 Main implementation and consequential risks associated with a transition of the Austrian iron and steel sector.