Technological innovation and better management can bring about growth that is both inclusive and compatible with efforts to address the world’s climate emergency. Ufuk Akcigit focuses on innovation and its various drivers, noting that making the biggest productivity gains requires radical changes in the way of working. He will talk about how green R&D incentives can complement tools such as carbon taxes to achieve a climate neutral industry much more rapidly and how well-designed interventions can help an economy grow.
This presentation argues that reducing the costs of carbon-free technologies so that they become fully competitive with their high-carbon alternatives should be a primary objective of climate policy and that Science, Technology, Innovation and Industrial policies are critical to reaching this goal.
The OECD will launch the analytical results of its Quantifying Industrial Strategies (QuIS) project. Based on a new methodological framework, this project inventories industrial policy expenditures, in a homogenous and harmonised manner. This has allowed for country-specific analysis and cross-country benchmarking, which the OECD will release publicly for this conference.