Sustainable energy innovation is the key to tapping the full potential of energy as a contributor to future growth and prosperity.
Sustainable energy innovation is the key to future growth and prosperity.
Energy consumption and production activities contribute two-thirds of global greenhouse gas (GHG) emissions. As such, energy also has the greatest potential to help slow GHG-driven climate change, by accelerating the pace of innovation and supporting the large-scale deployment of sustainable energy technologies.
However, this innovation is not keeping pace with growing challenges related to climate change and increased demands for energy access. Despite the recent surge in investment in clean energy and the evolution of enabling policy instruments, investments in clean energy R&D are far too low and significant barriers still prevent sufficient levels of innovation.
This white paper identifies the need for a systemic approach for innovation as well as the global catalysts and actions that can reinforce innovation across various stages and technologies. This white paper also proposes several ideas designed to inspire decision-makers and spark discussion about future step-changes required for sustainable energy innovation. These ideas include the following: