Making Climate Tech Work: Policies that Drive Innovation

Climate tech is critical for averting planetary chaos. Half the greenhouse gas reductions required to reach “net-zero” climate targets in 2050 will need to come from technologies that have not yet been invented. Without effective government interventions, market incentives alone will not produce a rapid transition to a low-carbon economy. The commercial value of innovative climate technology, especially in its early phases, remains underpriced—far below its social value. The good news is th...