How Fast Can Innovation Scale?
Innovation & Technology
Last year taught us that our global energy system still does not have the resilience to sustain a sudden and forced transition to a net-zero world. The International Energy Agency estimates that about half of the technologies needed to deliver net-zero emissions by 2050 are not currently commercially competitive. What is needed to accelerate the journey from laboratories to commercial application to financing to deployment? Should multiple tracks—such as hydrogen; carbon capture, utilization and storage; and fusion—move forward in parallel to mitigate risk? What new vulnerabilities will come with innovation, from supply chain to cyber risks? How can innovation create an agenda for resilience?