Without innovation, it will be very difficult and very costly to achieve the transformation to a greener economy. There is vast amount of scientific and empirical evidence that suggests that reducing global greenhouse gases (GHG) emissions will require innovation and large-scale adoption of green technologies throughout the global energy system.
How to foster green technologies and innovation is perhaps the most crucial challenge for a green economy. Recent efforts show that OECD governments as well as emerging economies are giving priority to R&D activities and incentives for specific technologies such as renewal energies and environmental technologies.
The key challenge for policy makers in the area of science, technology and innovation is to identify the specific policies that will be needed to achieve broad technological change. The OECD Innovation Strategy outlines that strengthening innovation requires a policy response on several fronts. Besides market-based measures and regulatory policies such as carbon pricing that work at the end of the innovation cycle, policies that enhance the supply of available knowledge and technologies will also be needed.
As innovation will be an important driver of the transition to a green economy, the OECD Committee for Scientific and Technological Policy (CSTP) organised a workshop with the following objectives:
- Identify opportunities and challenges for funding and performing breakthrough research in the public as well as the business sector, including identifying the major gaps.
- Identify good practices for the diffusion of breakthrough green technology and innovation, including the coherence of supply and demand side policy measures.
- Develop a vision and medium-term strategy for CSTP-wide work on green research, technology and innovation.
Click here to download the draft agenda (updated 19 October).
For further information, please contact Mario Cervantes, Science and Technology Policy Division, OECD Directorate for Science, Technology and Industry
OECD work on green growth
The OECD Innovation Strategy