16 Inspiration for new strategies in development such as those outlined in this

16 inspiration for new strategies in development such

This preview shows page 15 - 17 out of 136 pages.

16. Inspiration for new strategies in development, such as those outlined in this review, ultimate- ly depends on a change in perceptions of the nature of low-carbon innovation. Partners and stakeholders need to be convinced that inno- vation is a comprehensive and interactive process – which is not only, or even primar-ily, about breakthrough ‘high tech’ equipment emerging from R&D labs. Innovation is step- wise improvement and depends on change in values, policies, institutional frameworks, cul- tures, and economies. Innovation policy and low-carbon development 17. Innovation policies must address both spe- cific low-carbon technologies and the infra- structures within which they are deployed. De-veloping and disseminating renewable energy systems may prove ineffective, even impossi-ble, for energy sector transformation, if it is not complemented by appropriate infrastructure transformation . 18. There is need for differentiated policy inter- vention . The distinction between different types of innovation – incremental innovation, disruptive innovation, and radical innovation – allows us to see the need for different types of policy intervention. Innovation may take different forms depending on the renewable technology in question. 19. Market-based instruments such as carbon taxes and renewable energy quotas can induce incremental innovation. Disruptive innova-tions and their dissemination require technol-ogy- specific policies, market formation, and public procurement to stimulate competence-building and nascent markets. 20. Internationally coordinated and government- driven mission-oriented programs are re- quired to initiate radical change in the sup-ply of low-carbon energy. Radical low-carbon energy innovation calls for investments in a range of diverse and experimental avenues of research. To give new direction to development in the direction of low-carbon development, the individual initiatives by private actors are insufficient due to market failure; in these cases there is a need for an ‘entrepreneurial state’. Building low-carbon energy systems 21. The transformations of energy systems are critical to low-carbon development. Transfor- mation involves innovation and innovation policy measures along at least four broad lines: i) the energy supply side and energy access, ii) energy demand, energy efficiency and social legitimacy, iii) development and dissemina-tion of low-carbon infrastructures to facilitate changes in the supply and demand sides of en-ergy, and iv) the dismantling of high-carbon energy systems. 22. On the supply side , policy makers need to understand the long run interplay between 12 GLOBELICS THEMATIC REVIEW
Image of page 15
carbon-based technologies and renewable en- ergy technologies. The current cost structure does not reflect externalities, such as global warming, and therefore it serves as an im- portant incentive for the use of inexpensive carbon-based technologies. Investments made today will reduce the long -run cost of tack-ling climate change. Over time, innovation and technological learning combined with the
Image of page 16
Image of page 17

You've reached the end of your free preview.

Want to read all 136 pages?

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask ( soon) You can ask (will expire )
Answers in as fast as 15 minutes
A+ icon
Ask Expert Tutors