Six principles for energy innovation
Goldstein, Anna P
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Chan, G., Goldstein, A. P., Bin-Nun, A., Diaz Anadon, L., & Narayanamurti, V. (2017). Six principles for energy innovation. Nature, 552 (7683), 25-27. https://doi.org/10.1038/d41586-017-07761-0
Last month, the European Union marked the tenth year of its Strategic Energy Technology Plan. It is one of many policy initiatives worldwide to accelerate innovation in energy technologies to reduce greenhouse-gas emissions. As the window of opportunity to avert dangerous climate change closes, we urgently need to take stock of these initiatives — what works and why? Public investments in energy research, development and demonstration (RD&D) have risen since the low levels of the mid-1990s and early 2000s. In 2016, member countries of the Organisation for Economic Co-operation and Development spent US$16.6 billion on energy RD&D, compared with $10 billion in 2000 (adjusted for purchasing power parity). In October, the United Kingdom set out its Clean Growth Strategy to invest more than £2.5 billion ($3.3 billion) in low-carbon innovation between 2015 and 2021. In 2015, the EU and 22 nations pledged to double their investment in energy RD&D under the Mission Innovation adjunct to the Paris climate agreement. However, the overall goal might be out of reach given the proposed 35% cut in US President Donald Trump’s 2018 budget for energy RD&D. Different nations are pursuing various strategies and creating new types of institution (see Supplementary Information). For example, the Advanced Research Projects Agency-Energy (ARPA-E) run by the US Department of Energy (DOE) targets grants at key technologies such as affordable energy storage. The DOE Energy Innovation Hubs form research teams to work on technologies such as nuclear-reactor modelling.
European Commission Horizon 2020 (H2020) Societal Challenges (730403)
External DOI: https://doi.org/10.1038/d41586-017-07761-0
This record's URL: https://www.repository.cam.ac.uk/handle/1810/284462