Tackling Market and System Failures through Climate Innovation Clusters

Climate change demands fundamental changes in the way societal functions, such as energy, housing, mobility and food, are fulfilled.

Climate innovation clusters should not only focus on developing climate technologies, but also on successfully diffusing and using them. We argue that innovation should go beyond a singular focus on technological solutions to include changes in business models, regulations, user practices and cultural meanings.

Our report illustrates the elements needed for the creation of climate innovation clusters and suggests that the widespread use of innovation is a realistic strategy for many European regions aspiring to become the new Silicon Valley.

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