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Production in the Innovation Economy$
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Richard M. Locke and Rachel L. Wellhausen

Print publication date: 2014

Print ISBN-13: 9780262019927

Published to MIT Press Scholarship Online: May 2014

DOI: 10.7551/mitpress/9780262019927.001.0001

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Energy Innovation

Energy Innovation

Chapter:
(p.109) 5 Energy Innovation
Source:
Production in the Innovation Economy
Author(s):

Richard K. Lester

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262019927.003.0005

The author discusses the problem of climate change and how large-scale energy innovation and production is the necessary solution. The problem with energy production is that new ideas need to be matched with capital, skills, suppliers, and manufacturing facilities on a very large scale. Additionally, energy innovation is especially challenging given the competition from large-scale investment in China, energy’s status as a commodity, and the fact that the impetus for energy innovation is external to the marketplace. The author advocates a mitigation and adaptation strategy to control climate change, arguing that government support in later-stage development and demonstration/manufacturing activities is necessary to make a real impact. He presents several policy strategies that would create an environment conducive to energy innovation scale-up.

Keywords:   Climate change, Energy, Innovation, Adaptation, Scale-up

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