The New Economics of Innovation and Transition: Evaluating Opportunities and Risks

The report, The New Economics of Innovation and Transition: Evaluating Opportunities and Risks, highlights that some of the greatest successes in the clean energy transition so far, such as dramatic cost reductions in wind and solar power and LED lighting, have come from policies to shape markets that were not generally those recommended by conventional economic analysis. To replicate these successes, the report calls on policy makers to learn the lessons and think differently about the dynamics of change in our economies.