Driving low-carbon innovations for climate neutrality

Mario Cervantes, Chiara Criscuolo, Antoine Dechezleprêtre and Dirk Pilat

No 143, OECD Science, Technology and Industry Policy Papers from OECD Publishing

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.

Keywords: climate change mitigation; innovation policy; low-carbon innovation; technological change (search for similar items in EconPapers)
JEL-codes: O38 Q54 Q55 Q58 (search for similar items in EconPapers)
Date: 2023-03-01
New Economics Papers: this item is included in nep-agr, nep-ene, nep-env, nep-ino, nep-sbm and nep-tid
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:oec:stiaac:143-en

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