Clean Energy Innovation
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About the Research
Scientists have warned that governments must take drastic action to avoid further global warming and reach net zero by 2050. Achieving these goals will require new technological innovation to improve energy efficiency and facilitate a shift to cost-effective, low- to zero-carbon fuels. In recent years, investments in clean energy research, development, and demonstration (RD&D) have succeeded in dramatically lowering the costs of clean energy technologies, enabling increased deployment, but further investments are needed to accelerate technology innovation.
Research indicates that new firms in clean energy technology have higher rates of failure and thereby larger perceived risks from an investment point of view than startups in information technology. As a result, policy makers are seeking new targeted policy tools to promote green energy development and additional insights on which emerging technologies are most promising in the mission to lower greenhouse gases in specific sectors of the economy.
Climate Policy Lab provides evidence-based findings on the efficacy of different policy tools and instruments that have been used in advancing clean energy technology, as well as assessments of the technology pathways that will be most productive as countries accelerate the transition of energy sources from fossil fuels to clean energy fuels. We collect data from existing sources such as individual government websites, official government reports, and national science and technology statistical databases to build a comprehensive understanding of global energy RD&D trends and allow for country-specific comparisons.
