Its objective is to identify opportunities to improve regulatory and market designs to create a framework for timely and adequate investments, in particular in conventional power plants. These measures constitute a basic package that will bring benefits, not only in terms of security of supply, but also in terms of overall efficiency during the transition to a low carbon economy. First the degree of uncertainty concerning climate policies and the pace of deployment of renewables may magnify risk to such an extent that markets alone are unlikely to deliver efficient and timely investment responses.