China's 13th 5-Year Plan refers to innovation as the "first driver of growth." Greening this growth will be critical for China to realize carbon emission reduction targets linked to the Paris Climate Agreement. Green energy innovations hold great potential to realize these interconnected goals and combat the adverse impacts from climate change. How China can begin to push the technology frontier - particularly in the solar, wind and energy storage sectors - is the focus of a new study just released by the World Bank Trade & Competitiveness Group. Click here to access the study: http://bit.ly/2xBv3XW
Accelerating innovation in China’s solar, wind and energy storage sectors (English) | The World Bank
Accelerating innovation in China’s solar, wind and energy storage sectors (English)
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The study offers the most in-depth analysis to date of innovation dynamics in these three sub-sectors. Some of the insights include how Chinese policymakers can better support early-stage innovation; optimize the structure of domestic VC markets; strengthen the business climate for innovation; improve market design so renewable energy can compete; and better connect Chinese firms with global climate innovation networks. It complements these insights with a wide range of case studies. These case studies include Chinese companies (e.g. Goldwind, BYD) and foreign ones (e.g. First Solar, Siemens) selected to illuminate how Chinese firms currently approach innovation and what learnings can be applied from foreign competitors.
The study also presents data related to these topics. These include patent data, technology costs and key sector-specific projects, as well as China results from two leading indices on this topic (Global Innovation Index and Global Cleantech Innovation Index). Click here to access these data and the full study: http://bit.ly/2xBv3XW
Jeremy Tamanini
Dual Citizen LLC
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