1. The Climate-KIC team
  2. What is innovation for climate change?
  3. Friday, 13 March 2015
Is innovation a public sector or a private sector opportunity?

Mariana Mazzucato argues that many ground-breaking innovations were made possible by public sector support rather than resulting solely from private-sector initiative and commercial funding. In fact, she says, the public sector has played and continues to play a vital role in bearing the risk of breakthrough, out-of-the-box innovations, such as the Internet, the microchip, touchscreen displays, revolutionary new drugs, nanotechnology and many others across a range of sectors.

An alternative perspective to Mariana Mazzucato's is the view that profit-driven innovation has the potential to achieve large-scale reductions in carbon emissions.

"Climate change is one of the greatest wealth-generating opportunities of our generation."
Sir Richard Branson, Carbon War Room founder

The Carbon War Room (CWR) is an organisation set up to help the flow of private capital to innovative and sustainable solutions: to get "profit-making people to chase more profit and save the planet at the same time".

Do you think the CWR's views and Mazzucato's are mutually exclusive?
  1. rishi mellor
  2. 9 months ago
  3. #616
Thanks, for posting this information in the group.

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