Stimulating the Growth of Climate Innovation Clusters
The current pace of climate innovation is too slow to avoid dangerous climate change. Climate innovation clusters have a vital role to play in increasing the rate of change to a low-carbon, resilient society and bringing local economic benefits.
Successful climate innovation clusters are most likely to grow where certain ‘ingredients’ are present and the ‘recipe’ involves investment in research and development (R&D), a ‘whole society’ approach and strong national regulatory
frameworks. Some cities with these ingredients offer particularly good opportunities for climate innovation clusters to evolve, but even here, success is not guaranteed.
This report suggests that stimulating climate innovation clusters should be a foundation of the economic development and sustainability plans of governments at all levels.