Innovation can close the gap between the low-carbon technologies of today and the low-cost, high performance technologies the world needs.
In the United States, there is a heated debate about how much government should support renewable energy innovation. While you won’t find anyone who says they don’t value ‘innovation’, the U.S. federal investment in energy innovation across both fossil and renewable technology is still anemic, badly trailing China and only about one third of the amount recommended by the President's Council of Advisors on Science and Technology. That’s unfortunate, because there are compelling reasons to accelerate innovation in the energy sector, and specifically in renewable energy.
This piece was written with Pablo Torres, Intern at the World Resources Institute.
During Climate Week 2011, business, government, non-profit, and civil society leaders from around the world are convening in New York City to drive a ‘clean energy revolution’. Not surprisingly, innovation in clean technologies is a common theme among many of the events.
In most models of a low-carbon future, innovation is assumed to occur and to reduce costs over time.[^1] There has been less focus on how to ensure this innovation takes place and is most effective. That is the focus of WRI’s new working paper, Two Degrees of Innovation: How to Seize the Opportunities in Low-Carbon Power.
This piece originally appeared on the National Journal Energy and Environment Experts Blog.
The case of the solar company Solyndra has been getting widespread attention, but much of the current discussion misses the point. While some would like to portray the collapse of this company as the downfall of the U.S. solar industry, the larger picture tells a very different story.
Solar power is rapidly expanding around the world, driven by opportunities for innovation and investment in low-carbon energy. According to the International Energy Agency, solar power is on a path to provide 20-25 percent of the world’s electric power by 2050. This is a huge market opportunity. And, a recent report by Ernst & Young confirms that the solar energy market has grown from less than $1 billion in 2000 to $79 billion in 2010.
This post was written with Pablo Torres, an intern with the Two Degrees of Innovation project.
In these turbulent economic times, leaders around the world are looking to strengthen their economies and create jobs. They are grappling with how to effectively capitalize on the green economy to drive growth. In a new WRI working paper, we look at ways that policymakers can create new green jobs through investments in innovation to meet our challenges in the power sector.
Building the capacity to innovate is a key competitiveness strategy. Successfully competing in the growing low-carbon power sector is no different. However, innovation—improvements in cost and performance—can also close the gap between the low-carbon technologies of today and the low-cost, high-performance technologies the world needs. Policymakers have a crucial role to play in supporting innovators and creating a dynamic innovation ecosystem where they can thrive.
How to Seize the Opportunities in Low-Carbon Power
This paper offers a strategic framework for policymakers seeking to capitalize on the low-carbon transition.
Welcome to the Open Climate Network website, a platform for updates and analysis on country actions on climate mitigation and the provision of climate finance. Here you will find information on the latest policy developments in our partner countries and results of Open Climate Network analysis.
The Open Climate Network (OCN) is developing a set of climate policy tracking and assessment tools that will help people raise the right questions about climate-related policy design and implementation in their countries. These tools will generate a nuanced, contextualized, independent, and peer-reviewed understanding of climate policy implementation for both domestic and international audiences. Our aim is to harness the insights captured through the assessment tools and use them to engage civil society and others in the interest of improving policy design and implementation.
Vice President Joe Biden had it right in his recent visit to China. Global stability, he declared in an August 18 speech in Beijing "rests in no small part on the cooperation between the United States and China."
The U.S. vice president was referring to economic stability. But the world's ability to come up with a stable and sustainable energy and environmental policy for the 21st century will also depend significantly on cooperation between the world's current and emerging superpowers. As I have found from my experience in China, Beijing's door is increasingly open to such cooperation. The United States would do well to come knocking.
Clare Demerse is Director, Climate Change, at the Pembina Institute. This post originally appeared in its full form on the Pembina Institute's website.
Anyone who works on climate change policy in Canada, like I do, ends up talking about the oil sands on a daily basis.
This brief describes a number of policy tools that can be employed to drive investment in renewable energy technologies and discusses which policy options may be the best fit based on the commercial maturity of a targeted technology.