Driving low-carbon innovations for climate neutrality
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.
Published on March 01, 2023
In series:OECD Science, Technology and Industry Policy Papersview more titles