Analysis & Opinions - Cambridge Zero
An Important and Cheap Component of a Sustainable and Strategic COVID-19 Green Recovery Package
The COVID-19 recovery response from the UK government should include increased and well-targeted R&D investments to foster the energy transition and a more sustainable economy.
Public R&D investments are well-known to yield important economic benefits, and most evidence suggests that some of these benefits may be even larger for energy or climate-related R&D. Despite this, at just 1.7% of GDP, the UK currently invests too little in R&D compared to its peers, in terms of both public and private investment. It has a lower R&D intensity compared to the EU28 average while being much lower compared to the USA, South Korea, and Japan. There are many factors underlying the low productivity in the UK; the comparatively low UK R&D intensity is likely to be an important contributor....
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For Academic Citation:
Anadon, Laura Diaz."An Important and Cheap Component of a Sustainable and Strategic COVID-19 Green Recovery Package." Cambridge Zero, May 18, 2020.
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The COVID-19 recovery response from the UK government should include increased and well-targeted R&D investments to foster the energy transition and a more sustainable economy.
Public R&D investments are well-known to yield important economic benefits, and most evidence suggests that some of these benefits may be even larger for energy or climate-related R&D. Despite this, at just 1.7% of GDP, the UK currently invests too little in R&D compared to its peers, in terms of both public and private investment. It has a lower R&D intensity compared to the EU28 average while being much lower compared to the USA, South Korea, and Japan. There are many factors underlying the low productivity in the UK; the comparatively low UK R&D intensity is likely to be an important contributor....
Want to Read More?
The full text of this publication is available via Cambridge Zero.Anadon, Laura Diaz."An Important and Cheap Component of a Sustainable and Strategic COVID-19 Green Recovery Package." Cambridge Zero, May 18, 2020.
- Recommended
- In the Spotlight
- Most Viewed
Recommended
Journal Article - Nature
Six Principles for Public Energy Innovation Programs
In the Spotlight
Most Viewed
Journal Article - Research Policy
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Paper - Belfer Center for Science and International Affairs, Harvard Kennedy School
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Paper - Belfer Center for Science and International Affairs, Harvard Kennedy School
The Great Economic Rivalry: China vs the U.S.