This briefing paper presents six 'bold ideas' with the potential to trigger a step change in sustainable energy innovation.
This briefing paper presents six 'bold ideas' with the potential to trigger a step change in sustainable energy innovation. The ideas were developed by the World Economic Forum in collaboration with KPMG, with many interviews, conferences, conference calls and workshops providing expert input. These concepts and other insights are part of the whitepaper Accelerating Sustainable Energy Innovation, which was launched during the third Mission Innovation (MI) ministerial meeting in Malmö in May 2018 as part of an ongoing collaboration between MI and the World Economic Forum.
The six bold ideas, selected from a long list of options, were the ones that encountered the highest level of interest from experts within the energy ecosystem. We selected ideas that tackle systemic barriers to energy innovation across technologies and regions, and that can be addressed through increased public-private collaboration, building upon existing resources and institutions. The six ideas can be divided into three pillars for impact: Financial, Regulatory and Institutional.
To put some of these bold ideas on the road to implementation, the World Economic Forum and KPMG are approaching various stakeholders in the global energy community, including investors and innovators as well as governments in Mission Innovation member countries. As the World Economic Forum is not in itself an implementing body, the intent is to identify sponsors across the energy ecosystem to take the ideas to the next level. In doing so, it is important to build on instruments and institutions that have already been put in place and encourage cooperation and collaboration. Some of the ideas described in this document could be implemented at national level, others internationally, and the roadmap, schedule and effort needed to put them into practice would depend greatly on the sponsors and stakeholders involved, as well as the requirements of different countries. Ideally, countries and organizations would learn from the experiences of other nations in making some bold ideas a reality to achieve a truly interconnected arena for energy innovation across regions.