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Fostering Innovation for Green Growth

image of Fostering Innovation for Green Growth

Innovation is key to green growth. It helps decouple growth from natural capital depletion and contributes to economic growth and job creation. Business is the driver of innovation, but governments need to provide clear and stable market signals, e.g. through carbon pricing. This book explores policy actions for the deployment of new technologies and innovations as they emerge: investment in research and development, support for commercialisation, strengthening markets and fostering technology diffusion. Competition will be essential to bring out the best solutions.

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Foreword

This report addresses the role of innovation in green growth strategies, and is a contribution to the OECD Green Growth Strategy. The OECD Council Meeting at Ministerial Level (MCM) adopted a Declaration on Green Growth on 25 June 2009, which invited the OECD to develop a Green Growth Strategy. Green growth means fostering economic growth and development while ensuring that natural assets continue to provide the resources and environmental services on which our well-being relies. The OECD Green Growth Strategy was released at the May 2011 OECD Council Meeting at Ministerial Level (MCM), where it was welcomed by Ministers.

English

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