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.