Mission Critical: The Global Energy Innovation System Is Not Thriving

National governments made commitments during the November 2021 United Nations Climate Change Conference (COP26) in Glasgow that will keep the goal of limiting global average temperature increase to 1.5 degrees Celsius only barely “within reach.” These promises will ring hollow unless nations act with urgency to accelerate innovation that will make climate solutions feasible, affordable, and reliable in the coming decades. The International Energy Agency (IEA) concluded at Glasgow that “a step-change in action and ambition is needed across all energy technologies and sectors.”

Unfortunately, such action has been lacking since the Paris Agreement was signed in 2015. The health of the global energy innovation system is anemic, far from the robust condition the world needs it to be in.

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To read the full report by the Information Technology & Innovation Foundation, please click here.