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Driving low-carbon innovations for climate neutrality

Author

Listed:
  • Mario Cervantes
  • Chiara Criscuolo
  • Antoine Dechezleprêtre
  • Dirk Pilat

Abstract

The transition to climate neutrality requires cost reductions in existing clean technologies to enable rapid deployment on a large scale, as well as the development of emerging technologies such as green hydrogen. This policy paper argues that science, technology, innovation, and industrial (STI&I) policies focusing on developing and deploying low-carbon technologies are crucial to achieving carbon neutrality. It notes however that the current level of innovation is insufficient to meet the net-zero challenge due to a policy emphasis on deployment rather than research and development (R&D) support. The paper explores the rationale for more ambitious STI&I policies targeted at R&D for climate neutrality and provides policy recommendations for an effective innovation policy for net-zero, including its interaction with the broader climate policy package.

Suggested Citation

  • Mario Cervantes & Chiara Criscuolo & Antoine Dechezleprêtre & Dirk Pilat, 2023. "Driving low-carbon innovations for climate neutrality," OECD Science, Technology and Industry Policy Papers 143, OECD Publishing.
    • Handle: RePEc:oec:stiaac:143-en
    DOI: 10.1787/8e6ae16b-en
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    Cited by:

    1. Meißner, Leonie & Peterson, Sonja & Semrau, Finn Ole, 2023. "It's not a sprint, it's a marathon: Reviewing governmental R&D support for environmental innovation," Kiel Working Papers 2254, Kiel Institute for the World Economy (IfW Kiel).

    More about this item

    Keywords

    climate change mitigation; innovation policy; low-carbon innovation; technological change;
    All these keywords.

    JEL classification:

    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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