OECD COP26 Virtual Pavilion

Driving innovation for net-zero: Evidence, tools, and policies

Nov 9, 2021 | 11:30 AM - 12:45 PM


Technology and innovation are major building blocks in achieving the deep cuts in carbon emissions that are needed in enabling the transition to a net-zero carbon world. Reaching net zero by 2050 – and also enabling a green, more resilient, digital and more productive future – requires not only the rapid deployment of currently available technologies, but also further innovation in breakthrough technologies. Yet low-carbon innovation efforts have recently declined despite the ambitious climate objectives set out in the Paris agreement. Moreover, the emphasis on such policies has declined in the overall policy mix linked to climate change. At a time when countries are seeking to reach climate change objectives and re-ignite economic growth in the post-COVID era, integrating low-carbon innovation support in green recovery packages will be of the utmost importance. Current policy debates in the US, EU and many other countries and regions point to a renewed emphasis on technological change in the discussion on climate change. This event aims to: 1) assess the current state of innovation for net-zero, 2) provide practical tools for policy makers, and 3) explore policy actions that can drive the low-carbon transition.

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