Accelerating and Scaling Up Climate Innovation
Half of the emission reductions needed to reach the 2050 climate goals rely on technologies in early development or prototype stages. Accelerating innovation and investments during this decade is critical to making low-carbon technologies cost-competitive and to building green supply chains.
The goal of 1.5 degrees is still alive but a major gap in carbon emission ambitions remains and 2022 is the year to close this gap. Driving climate innovation will be a key part of that as will public-private cooperation for action.
The World Economic Forum’s Centre for Climate and Nature is building critical partnerships to both raise ambition and accelerate climate innovation. It is pushing towards early demand for low-carbon goods and services through initiatives like the First Movers Coalition, a group of forward-thinking companies jump starting the global demand for the next generation of clean energy technologies by mobilizing the necessary investments and drawing down costs.
Borge Brende, President of the World Economic Forum mentioned in the discussion that the leaders have started looking at climate change as the most-scary challenge that we are faced with and the cost of inaction far exceeds the cost of action.
To view the entire discussion, click here